Commercial Loan Specialist

Ready to make a meaningful impact in your community while advancing your career?

BankVista is seeking passionate and driven individuals to join our team. As part of BankVista, you’ll work in a dynamic, collaborative environment that values innovation, professional growth, and excellence. We pride ourselves on fostering a culture that truly cares about our employees and clients, offering competitive benefits and opportunities for advancement.

If you’re eager to provide exceptional financial services and take your career to the next level, apply today and become an integral part of the BankVista team!

COMMERCIAL LOAN SPECIALIST - SARTELL, MN
**Hybrid position, in-office presence required**

The Commercial Loan Specialist plays a critical role in supporting the bank’s commercial lending operations by ensuring accurate processing, closing, and ongoing servicing of Commercial and SBA loans. This position partners closely with Commercial Loan Officers and the SBA Closing Officer to deliver exceptional administrative support throughout the loan lifecycle. Key responsibilities include preparing and reviewing commercial loan documentation, maintaining compliance with regulatory and internal standards, and managing the integrity of commercial and SBA loan files. The Specialist ensures timely and precise execution of loan transactions, contributing to a seamless client experience and the overall success of the lending team.

PRIMARY RESPONSIBILITIES

• Prepare accurate and complete documentation for Commercial and SBA loans, ensuring compliance with credit presentations and SBA Terms and Conditions. Disburse loan proceeds in accordance with approved terms.
• Serve as a primary point of contact for clients in person and by phone, addressing inquiries related to Commercial and SBA loans. Proactively gather required documentation and coordinate all aspects of loan closings for a seamless client experience.
• Prepare and submit SBA applications through Etran, ensuring timely and accurate processing.
• Order and review third-party vendor items—including title work, flood determinations, tax transcripts, UCC lien searches, and character searches—to confirm alignment with credit presentations, bank policies, and SBA guidelines.
• Examine purchase agreements, leases, organizational documents, and insurance policies for completeness and compliance with internal and SBA standards.
• Maintain organized and compliant loan files by scanning documentation into M-Files, updating ticklers, and verifying file integrity.
• Assist with Commercial and SBA loan servicing requests, including subordinations, collateral releases/substitutions, loan increases, renewals, and payoff processing.
• Notify and obtain SBA approvals for servicing requests in accordance with SBA Standard Operating Procedures.

PROFESSIONAL QUALIFICATIONS

• Associate’s degree in business, finance, or related field required; Bachelor’s degree preferred.
• 2 years of experience in commercial loan processing or servicing; SBA experience strongly preferred.
• Knowledge of commercial loan documentation, regulatory compliance, and banking policies.
• Proficiency in Microsoft Office Suite; experience with LaserPro and M-Files preferred.

COMPENSATION

Starting at $24.00 per hour, with final compensation based on experience and qualifications (DOE).

BankVista offers a competitive salary and employee benefits package including health, dental & vision insurance, employer paid Life Insurance and Disability, and a 401(k) Plan with employer match. If you are interested in joining a growing company and working within a fun and exciting environment, please apply now.

BankVista is committed to providing an environment that is free from discrimination and harassment based on race, age, creed, color, religion, national origin or ancestry, sex, gender, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or pregnancy and will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. BankVista is an equal opportunity/equal access/affirmative action employer fully committed to achieving a diverse workforce and complies with all Federal and Minnesota State laws, regulations, and executive orders regarding non-discrimination and affirmative action.

Pay: From $24.00 per hour

Expected hours: 40 per week

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Vision insurance

Work Location: Hybrid remote in Sartell, MN 56377

Salary : $24