Commercial Loan Processor

Department:

Job Summary:

Job Description:

The statements on this job description are intended to describe the general nature and level of work being performed by incumbents.  They are not an exhaustive list of all responsibilities, duties, and skills required by all incumbents.

• Prepares loan documents accurately and to close the loan as scheduled.

• Facilitates the timely ordering of required documents (title work, compliance documents, flood documents, appraisals) and any other documents necessary to prepare the loan documents, based on board policy and regulatory requirements.

• Audit the loan documentation to ensure that all documents are in order prior to loan closing paying close attention to detail in the preparation of documents. 

• Upload loans onto the PCS system. Reviewing reports on input and verifying that information was entered correctly. Receive loan requests and ensures loan information is properly entered into the correct system for processing.

• Serve as a primary point of contact to assist internal and external stakeholders (lenders, customers, attorneys, title company) with various questions regarding loan closings.

• Consistently analyze all loan documentation during processing to ensure accuracy of data and adherence to company policies and regulatory to safeguard IBCs legal position with the loan.

• Create and maintain completeness of loan files both electronically and/or hard copies.

• Perform detailed audits of loan request to ensure accurate and timely delivery of loan documents.

• Monitor loan compliance with all applicable laws, regulations, and company policies.

• Create detailed reports for management related to all activities and status of loan processing.

• Other duties as assigned

• Excellent verbal and written communication skills required.

• Good organizational skills

• Critical and analytical skills

• Proficiency with Microsoft Word, Excel, and Outlook preferred.

• Bilingual in English and Spanish preferred.

• 1 - 2 years related experience