How to Become a Banking & Commercial Loan Processing Clerk

Step 1: Understand the job description and responsibilities of a Banking & Commercial Loan Processing Clerk

What does a Banking & Commercial Loan Processing Clerk do?

A Banking & Commercial Loan Processing Clerk performs routine administrative tasks in support of the commercial banking and business loan processing group. Prepare credit reports, maintain processing records and respond to questions. Being a Banking & Commercial Loan Processing Clerk requires a high school diploma or its equivalent. Typically reports to a supervisor. To be a Banking & Commercial Loan Processing Clerk typically requires 1-3 years of related experience. May be entry level if some experience in the skill. Gains or has attained full proficiency in a specific area of discipline. Works under moderate supervision.

People's Opinions on Banking & Commercial Loan Processing Clerk responsibilities

A Banking and Commercial Loan Processing Clerk is responsible for performing administrative duties and tasks, including commercial banking and the processing of business loans.

01/06/2020: Altus, OK

Administrative tasks such as the preparation of credit reports are the sole duty of the Banking and Commercial Loan Processing Clerk.

01/31/2020: San Jose, CA

This individual is responsible for properly maintaining and managing all processing records.

02/24/2020: Trenton, NJ

The Banking and Commercial Loan Processing will be familiar with the practices and procedures previously implemented, in addition to the pre-existing guidelines necessary to perform these duties to the best of their ability.

01/27/2020: Santa Maria, CA

The Banking and Commercial Loan Processing Clerk will report to the supervisor on a regular basis, regarding commercial banking and business loan processing groups.

12/18/2019: Norfolk, VA
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Step 2: Learn best tips to become a Banking & Commercial Loan Processing Clerk

Best tips for those who want to become a Banking & Commercial Loan Processing Clerk

Here are some tips to become a Banking & Commercial Loan Processing Clerk.

Step 3: View best colleges and universities for Banking & Commercial Loan Processing Clerk

Best colleges and universities for Banking & Commercial Loan Processing Clerk

  • Florida Southern College
  • Colby College
  • Dartmouth College
  • University of Notre Dame
  • Western Washington University
  • Canisius College

Step 4: Think about whether is it worth to be a Banking & Commercial Loan Processing Clerk

Is being a Banking & Commercial Loan Processing Clerk Worth it?

People's Opinions on lifestyles

Administrative tasks such as the preparation of credit reports are the sole duty of the Banking and Commercial Loan Processing Clerk.

03/04/2020: Champaign, IL

The Banking and Commercial Loan Processing Clerk will report to the supervisor on a regular basis, regarding commercial banking and business loan processing groups.

01/15/2020: Pierre, SD

The Banking and Commercial Loan Processing Clerk will focus on working collaboratively with fellow employees.

12/29/2019: Chico, CA

This individual is accountable for receiving all of the required information and documentation, in order to process commercial banking and business loans.

12/06/2019: Greenville, MS

The Banking and Commercial Loan Processing Clerk will work closely with borrowers and lending companies to help secure collateral or any assets that the borrower possesses.

01/31/2020: Huntington, WV
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Step 5: Prepare relevant skills for being a Banking & Commercial Loan Processing Clerk

What skills do you need to be a Banking & Commercial Loan Processing Clerk?

There are many skills required to succeed in this role, which vary in importance depending on the exact role and department size.  The daily workload for this job will be highly dependant on these skills: Inquiry Research/Response, Loan Processing.  Some of the more basic skills required are: Banking Software, Loan Software.  By growing your skills to reflect the ones mentioned, you are more likely to succeed in this role, and move forward to a more senior position.

People's Opinions on Banking & Commercial Loan Processing Clerk skills

Full competency of business loan policies and procedures, as well as working knowledge of laws that govern the Small Business Administration (SBA), Uniformed Standards of Professional Appraisal Practice (USPAP), and the Uniformed Commercial Code (UCC) will definitely benefit the potential candidate in landing the position.

02/01/2020: Hopkinsville, KY

A loan processor clerk will need to make sure that all regulatory aspects of escrow impound accounts are adhered to and that required paperwork is completed and processed before the deadline.

11/30/2019: New Britain, CT

The Banking and Commercial Loan Processing will be familiar with the practices and procedures previously implemented, in addition to the pre-existing guidelines necessary to perform these duties to the best of their ability.

02/06/2020: Lubbock, TX

They should be very familiar with the loan process that banks follow, regarding the processing of loans and disbursing of loan payments.

12/31/2019: Evansville, IN

Close attention must be made to the origination, processing, and closing of banking and business loans.

02/25/2020: Frankfort, KY
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Step 6: View average salary for Banking & Commercial Loan Processing Clerk

How much does a Banking & Commercial Loan Processing Clerk make?

The average salary range for a Banking & Commercial Loan Processing Clerk is from $41,286 to $56,762. The salary will change depending on your location, job level, experience, education, and skills.

Salary range for a Banking & Commercial Loan Processing Clerk
$41,286 to $56,762

Step 7: Find relevant Banking & Commercial Loan Processing Clerk jobs, and apply.

Looking for Banking & Commercial Loan Processing Clerk jobs?

Here are some Banking & Commercial Loan Processing Clerk jobs in the United States.

Search Banking & Commercial Loan Processing Clerk Jobs in the United States

Step 8: Explore Career Path of Banking & Commercial Loan Processing Clerk