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)
POSITION SUMMARY: Assists loan officers with processing in-house loans. Ensure that all required documents are present and compiled uniformly. Respond to internal and external loan inquiries. Input processed loans onto the computer. Work with external agencies to secure appraisals and titles, etc.
ESSENTIAL FUNCTIONS:
Job Specific
Bank Specific
SUPERVISORY RESPONSIBILITY: None
MINIMUM JOB REQUIREMENTS:
PHYSICAL DEMANDS:
WORK ENVIRONMENT: Indoors, environmentally controlled. Will periodically travel off bank premises by car.
Note: The statements herein are intended to describe the general nature and level of work being performed by the employee assigned to this position. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of the employee.
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