Commercial Loan Processor

Description

Join our growing team as a Commercial Loan Processor.  In this role, you will play a crucial role in facilitating the loan process for our valued clients.  You will work closely with the lending team to ensure the smooth and efficient managing of commercial loan documentation, booking loans on the core system, post-closing exceptions, pending documentation lists, and complete loan files. Your attention to detail and commitment to excellence will help advance and support of the bank's mission and core values.  

PRIMARY RESPONSIBILITIES AND ACCOUNTABILITIES:

Loan Documentation

• Complete workflow checklist based on loan type to ensure all due diligence documents are collected
• Order, collect, and review all necessary due diligence documents prior to closing (corporate resolutions, title work, environmental reports, UCC filings, insurance, tax liens)
• Complete documents per the approved terms and conditions of the loan
• Submit for pre-closing review of documents for all disclosable loans and loans over $1,000,000

Closing / Booking/ Servicing

• Track all post-closing exceptions and follow up items; goal of no exceptions over 90 days
• Communication with lender to assist in exception resolution
• File completion – complete file for submission for audit review within 5 days of booking
• Resolve loan file audit findings; goal to resolve findings within 30 days

Loan Servicing

• Assist loan clients with loan related questions, advances, payment processing etc.
• Facilitate participation payments
• Service swap agreement payments
• Escrow analysis and tax disbursements
• Construction draw reconciliation and payment disbursements
• Loan file maintenance
• Paid note processing / releases

Onboarding new clients

• Support onboarding and new relationships with commercial clients

Training

• Complete bank assigned training curriculum
• Attend training opportunities to remain current on documentation issues (LaserPro, compliance)

SECONDARY RESPONSIBILITIES AND ACCOUNTABILITIES:

• Systems management – LaserPro / Bakerhill / Fiserv NGP
• OREO / Problem loan reporting
• Loan committee reporting
• Other duties as assigned

COMPETENCIES:

• Communication
• Customer Orientation
• Integrity
• Relationship Building
• Results Orientation

Requirements

High school diploma or general education degree (GED)

A minimum of 5 years of related experience

SKILLS AND ABILITIES

• Excellent oral/written communication skills
• Maintain confidentiality of client information
• Problem-solving and decision-making skills
• Experience with residential mortgage loan processing
• Strong understanding of bank lending systems
• Proficient computer skills
• Strong attention to detail
• Client-centric approach

PERFORMANCE MEASURES:

• Quality, accuracy, timeliness and volume of loans
• Reliability, friendliness, thoroughness and timeliness of loan services provided to clients / bankers
• Adherence to bank policy and Federal and State Regulatory requirements
• Participation in training and appropriate professional developments
• Appropriate attendance record and punctuality
• Professional work place appearance and conduct
• Meets or exceeds annual goals as pre-established by supervisor

Please note: the physical working location can be flexible depending on the applicant's location.  ACBT has loan processing (non-depository taking) offices in Arlington Heights and Oak Brook Terrace, and four banks in McHenry County (Woodstock, Crystal Lake, Huntley and McHenry).  

ACBT is an Equal Opportunity Employer and does not discriminate on the basis of race, color, religion, age, sex, national origin, non-disqualifying physical or mental disability status, genetics, protected veteran status, sexual orientation, gender identity, or any other characteristic protected by federal, state or local laws. All employment decisions are made on the basis of qualifications, merit and business need. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Full-Time; Non-Exempt

401k, Medical, Vision, Dental, Disability, Life, +

$26 - $36 / hour