The Commercial Loan Processor calculates and processes payoffs, and releases titles and insurance interest. Processes loan payments and applies funds to customer accounts. Being a Commercial Loan Processor responds to customer inquiries and requests for net payoff quotes. Calculates and prepares refunds for customers that submit overpayments. In addition, Commercial Loan Processor may require an associate's degree or its equivalent. Typically reports to a supervisor or manager. Being a Commercial Loan Processor gains or has attained full proficiency in a specific area of discipline. Works under moderate supervision. Working as a Commercial Loan Processor typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)
Job Summary:
Commercial Loan Processors are responsible for working closely with loan officers and loan assistants in order to produce commercial loan documents for each loan officer’s request. The Commercial Loan Processor ensures loan documents produced are accurate and within policy in an allotted time frame. The position requires the ability to work well with fellow employees. They must have the ability to perform a variety of tasks as needed while maintaining attention to detail. Skill requirements are typing, loan document knowledge, the ability to use Laser Pro, Decision Pro, SilverLake, Word, and Excel, as well as other bank software. They must have the willingness to learn and accept new duties.
Qualifications:
Education/Experience:
High school diploma or equivalent required. Experience in loan documentation is strongly preferred.
Knowledge/Skills/Ability:
Physical Demands:
Sitting for long periods of time, pulling and lifting files and must be able to lift up t0 10 pounds.