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)
Duties:
-Role is on-site in a branch location daily
-A minimum of one Saturday a month, on site, is expected
- Assist loan department team in processing documents, providing quality control, and generating reports
-Process loan applications and gather necessary documentation for underwriting and process payoff requests
- Verify borrower information, including employment, income, and credit history
- Review loan files to ensure accuracy and completeness
- Prepare loan packages for submission to underwriting
- Communicate with borrowers, lenders, and other parties involved in the loan process
- Coordinate with title companies, appraisers, and insurance agents to ensure timely closing of loans
- Adhere to all regulatory requirements and company policies
Qualifications:
-3 Years experience in a consumer lending role
-Experience with banking; branch-based banking experience preferred
-Experience with consumer loans (auto, HE/HELOC, personal, residential)
- Familiarity with escrow processes and loan processing procedures
- Excellent attention to detail and organizational skills
- Ability to multitask and prioritize workload in a fast-paced environment
- Strong communication and customer service skills
-Experience with and understanding of quality control processes and ability to adhere to lending guidelines and regulations
Note: This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned to meet the ongoing needs of the organization.
Job Type: Full-time
Pay: $45,000.00 - $60,000.00 per year
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Schedule:
Experience:
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Work Location: In person
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