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)
The holder of this position provides administrative support and performs clerical duties in processing financial, marketing and credit records.
RESPONSIBILITIES/DUTIES
- The essential functions of the position include, but are not limited to:
- Receiving payments on accounts and issuing receipts
- Making authorized disbursement of loan funds
- Preparing applications, legal and credit administration documents to complete loan transactions
- Verifying accuracy of loan and legal documents
- Performing legal record searches
- Performing data entry of office transactions
- Compiling branch office reports
- Maintaining the branch office filing system
- Promoting good customer relations
- Performing additional duties, including other administrative services, as required, to meet business needs
- Meeting the requirement of daily attendance on the job for a full, continuous 8-hour shift
REQUIRED EXPERIENCE
High school education or GED equivalent with work experience in secretarial and/or administrative duties. Must be able to perform most duties under moderate supervision and exercise a reasonable amount of judgment.
PREFERRED EXPERIENCE
Strong preference for experience with legal document preparation and/or monitoring of time sensitive functions.
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