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 duties include preparing loan files for closing, processing construction draws and loan applications. No experience is required with proven client service skills. Job requirements include High School diploma or equivalent, excellent communication skills, high degree of attention to detail, experienced with Microsoft Word and Excel. Prior banking or lending experience a plus but not required. Benefits include paid holidays, paid vacation, paid sick days, paid employee group health insurance, paid employee group dental insurance, and paid employee group disabiity. Sign on bonus of $1000 to be paid upon successful completion of 90 day introductory period.