Sr. Commercial Loan Processor - REMOTE

About the position The primary function of the Sr. Commercial Loan Processor is to provide friendly, prompt, and excellent service to members and coworkers to process all commercial loans in a fast paced, high volume lending environment. The Sr. Commercial Loan Processor must work with Relationship Managers, Business Lending Underwriters, Branch Personnel, and members to ensure timely and accurate packaging of all commercial business loans. The Sr. Commercial Loan Processor will gather information and take each file from pre-approval to closing, coordinate closings with members, banker, and title companies. The Sr. Commercial Loan Processor is responsible for ensuring all loan documentation is complete, accurate, verified, and complies with credit union policies and procedures. This senior position is responsible for cross training the Commercial Loan Processor II to fill in when out of the office. Advanced understanding of business lending regulations and internal governing policies is a must.

Responsibilities

• Prepare commercial loan documentation with an emphasis on operational excellence.
• Perform document review to ensure accuracy and completeness of all transactions by conducting a self-review of work completed to ensure accuracy of loan package.
• Understanding of documenting multiple loan types to include commercial real estate, lines of credit, and equipment/vehicle.
• Monitors closed loan portfolios to ensure compliance with covenants and requirements of loan closing documents in servicing the loan.
• Effectively work with title companies to prepare title work and due diligence for commercial real estate loan requests for closing.
• Obtain and review all pertinent information required to document loans for delivery to lender prior to the requested time.
• Proactively identify issues that could potentially delay or prevent closings, notify the appropriate parties and work to resolve issues efficiently.
• Review LaserPro and attorney prepared documents prior to booking and funding to ensure loan stipulations on the Loan Approval and Credit Memorandum are met.
• Maintain knowledge of all aspects of commercial loan documentation, understanding legal entities and loan documents such as Notes, Security Instruments, Loan Agreements etc.
• Work independently and prioritizes a high volume of work.
• Review loan risks and competing security interests by examining UCC records.
• Maintain knowledge of regulatory requirements.
• Maintain knowledge of current loan policies.
• Performs other duties as assigned.

Requirements

• High School Diploma or equivalent
• 5 years of commercial loan documentation experience
• Two (2) years of experience using commercial loan documentation systems (e.g., LaserPro or comparable platforms) in a financial or legal environment, with demonstrated experience processing and closing commercial real estate loans.
• Intermediate to advanced knowledge of Microsoft Office (Excel, Word, Outlook)
• Effective in working through challenges
• Must possess a high level of inquisitiveness to determine the necessary requirements for processing difficult and unusual loan transactions.
• Excellent verbal and written communication skills are necessary, by phone and though the internet.
• Must be detail oriented, possess strong organizational skills, ability to multi-task, establish priorities and manage time effectively
• Must possess mature judgment and have the essential skills to coordinate with several parties in a loan transaction.
• Must comply with all aspects of the Bank Secrecy Act (BSA).

Nice-to-haves

• Demonstrates advanced expertise in documenting complex commercial loan structures within LaserPro, including lines of credit, construction, and multi-collateral facilities.
• Configures and customizes LaserPro document packages to align with varying loan structures, collateral combinations, and institution-specific credit policies.
• Experience with complex commercial real estate transactions, including multi-entity borrowers, multiple collateral types, or construction related loans.

Benefits

• Health Coverage – We offer medical, dental and vision coverage for you and your dependents.
• life insurance
• flexible spending accounts
• pet insurance
• Team Member Assistance Program (EAP)
• Corporate Care Solutions (Backup Child and Adult Care Services).
• Paid Time Off and Holidays
• generous paid time off
• additional time given for sick days
• paid holidays
• 16 hours of paid time to participate in our community volunteer program.
• enhanced paid military leave
• paid maternity/paternity leave.
• Generous 401k Plan.
• Job Shadowing
• Personal Development Plans
• 100% tuition coverage towards an online Bachelor’s or Master’s Degree.