Commercial Loan Processor

JOB TITLE: Commercial Loan Processor
REPORTS TO: CCO
DEPARTMENT: Lending

Purpose:

Commercial loan processors prepare and organize applications for business loans. As a commercial loan processor, you confirm receipt of the application, enter information into the lender’s database, and mail required disclosures and other documentation to the applicant. Other responsibilities include processing withdrawn or denied loans, running credit reports, ensuring fees are paid, and tracking the completion of title policies and deeds. You need to communicate regularly with the loan officers and/or closing agents throughout the application process.

Essential Duties:

• Perform routine loan processing duties such as: preparing Commercial loan documents, boarding new loans and maintenance of existing loans on Fiserv Premier, responsible for accuracy and completeness of all loan documentation, handling loan disbursements, processing loan payments and line of credit advances, allowing access to new loans on online banking for customers, quoting loan payoffs, answering loan questions for Lenders, other employee, and customers.
• Establish and maintain organization of loan files, process collateral documents such as lien filings, file UCC and EFS statements with the State of Montana, request insurance binders, process paid off loan files.
• Prepare and board loan modifications, extensions, and renewals.
• Order, Check, and Pay for Appraisals for Lenders. Monthly balancing of Real Estate Checkbook
• Maintain knowledge of all loan types, regulatory requirements and internal policies and procedures
• Independently resolve problems associated with customer billing and misapplication of loan payments, work with other departments in problem reconciliation
• Provide administrative support for the loan department by performing note calculations for Lenders, ordering credit reports, answering phone calls and directing them to the appropriate parties, finding loan files, filing documents, and miscellaneous tasks.
• Check Statements of Denial for Lenders
• Work Closely with Lenders on tracking and scanning Annual Tax Returns and Financial Statements
• Work closely with other institutions daily processing participated loan payments and advances.
• Customer Service and Notarial Services
• Complete Educational Training as assigned.
• Complete other related tasks that may be assigned

Preferred Skills and Abilities:

• Loan processing related experience
• Commitment to provide exceptional customer service
• Knowledge of banking products and services
• Strong communication skills
• Ability to work independently
• Detail Oriented
• Good organizational and time management skills
• Flexible and adaptable to a changing environment

Computer Skills/Equipment Used:

• General office equipment (computer, printer, fax, copy machine), scanner, adding machine, calculator.
• Computer knowledge in a Windows environment.
• Basic knowledge of Microsoft Outlook, Excel and Word.

Physical Abilities:

• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• While performing the duties of this job, the employee is regularly required to talk, hear, stand and use hands to grasp, manipulate or feel objects. The employee is frequently required to walk, and occasionally required to sit, stoop, kneel, crouch or crawl, climb or balance and reach with hands and arms.
• May be required to lift, carry or move and position items weighing up to 25 lbs. as necessary.
• Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception, and the ability to adjust focus.
• Requires daily work on a computer for 6 hours or more viewing the screen and fingering the keys.
• Ability to move about the branch to access file cabinets, office machinery, etc.
• Able to work in a fast-paced, multi-tasked environment.