What are the responsibilities and job description for the Commercial Loan Processor position at Hudson Valley Credit Union?
Overview
Hudson Valley Credit Union is currently recruiting for the position of Commercial Loan Processor. Primary Function: Determine requirements and complete all due diligence associated with the commercial loan documentation and closing process. Prepare commercial loan documents. Communicate proactively with Commercial Loan Officers, Commercial Credit Analysts, business members and third party vendors to ensure the CU meets the closing date and time expectations of the borrower. Coordinate commercial loan closings and maintain documentation software. Upload commercial loan information into system and prepare loans to be funded. Complete commercial loan quality control and data for various reports including HMDA. Provide service to internal and external member requests.
Responsibilities
Why Choose HVCU?
Join a team where your growth matters. At Hudson Valley Credit Union, we offer a supportive, community-focused culture, competitive benefits, and opportunities to grow your career while making a meaningful impact. Come be part of a Great Place to Work!
Employee Perks
Hudson Valley Credit Union is currently recruiting for the position of Commercial Loan Processor. Primary Function: Determine requirements and complete all due diligence associated with the commercial loan documentation and closing process. Prepare commercial loan documents. Communicate proactively with Commercial Loan Officers, Commercial Credit Analysts, business members and third party vendors to ensure the CU meets the closing date and time expectations of the borrower. Coordinate commercial loan closings and maintain documentation software. Upload commercial loan information into system and prepare loans to be funded. Complete commercial loan quality control and data for various reports including HMDA. Provide service to internal and external member requests.
Responsibilities
- Review commercial loan approval/credit memo and determine due diligence requirements. Request, review and interpret supplemental vendor due diligence information to ensure borrower, collateral and guarantor requirements are met and ensure production of the appropriate documentation in compliance with all terms of the commercial loan request. To include such items as: title, UCC search, appraisal, environmental reports, plan and cost reviews, construction inspections/advances, flood determination, HMDA, proof of insurance documents, survey and entity documents. In order to complete these tasks, regularly follow up with legal counsel and other outside vendors (appraisers, environmental companies etc.). Clear liens and credit conditions and confirm loan to value ratios.
- Draft and/or review commercial loan commitment letters and other loan closing documentation in accordance with approved terms and conditions. Ensure all fees are collected and paid prior to closing. Prepare loans for booking and funding, to include new loans, modifications and renewals. Upload commercial loan documents and track documents out for filing.
- Process and monitor commercial construction loan advances including ordering title reports, review monitoring reports and making sure all conditions are met.
- Prepare ongoing various reports for senior management and Commercial Lending staff, including maintaining the commercial loan pipeline report.
- Perform both pre and post-closing quality control, ensuring that all commercial loans are accurate and in compliance with policies and regulations. Perform ongoing data maintenance to loans on system.
- Reconcile GL accounts and process invoices and checks received for various commercial lending functions. Ensure vendor information is updated and maintained.
- Maintain and update commercial loan documentation, including updates and revisions to Laserpro documents.
- Achieve goals assigned to the Commercial Loan Processor as part of the assigned departments’ annual operating plan. To include suggesting and assisting with implementing process improvements to enhance member experience and increase department efficiencies.
- Adhere to all Credit Union policies, procedures, and regulatory agency requirements. Participate in all required and recommended training and development including, but not limited to, Bank Secrecy Act training (BSA) and demonstrate attained knowledge. Participate on Credit Union teams, projects and strategic initiatives when the opportunity arises. Perform additional duties and special projects as assigned.
- Embrace and apply HVCU’s guiding principles to all activities and responsibilities. This includes the Credit Union’s Mission, Vision, Core Values, Employee and Member Value Propositions, Sales and Service Model, and commitment to Lean Six Sigma practices. Support the Credit Union’s initiatives by demonstrating teamwork and professionalism.
- Responsible for regular and predictable attendance including punctuality.
- High School Diploma, General Education Development (GED) certificate, or state authorized high school equivalent certificate required
- Associate’s Degree preferred
- Minimum 1 Year Commercial loan processing experience required
Why Choose HVCU?
Join a team where your growth matters. At Hudson Valley Credit Union, we offer a supportive, community-focused culture, competitive benefits, and opportunities to grow your career while making a meaningful impact. Come be part of a Great Place to Work!
Employee Perks
- Base & Variable Pay Structures
- Paid Personal, Holiday & Volunteer Time Off
- Professional Development & Training
- Student Loan Repayment & Tuition Reimbursement Programs
- Medical, Dental & Vision Coverage
- 401(k) With Employer Match & Non-Elective Employer Contribution
- Life, Short-term & Long-term Disability Insurances
- Discounted Loan Rates & Fees