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Summary. The Commercial Loan Processor is to ensure timely and accurate processing and packaging of commercial loans and modifications for closings under minimal supervision. You will be responsible for managing the loan process from loan approval through closing. Input data into the loan system in accordance with all applicable laws and Fahey Bank policies/procedures.
Essential Duties and Responsibilities:
· Oversees the workflow of business loan processing to ensure compliance requirements are being met.
· Performs loan document review and due diligence with all third- party professionals.
· Review loan documentation for accuracy and completeness prior to closing.
· Ensure loans in compliance with credit approval, loan settlement statement, and audit procedures.
· Order vendor work (Appraisals, Floods, UCC, Title search, Title commitment through title company)
· Document loans in Laserpro.
· Loan maintenance (Renewals and Modifications)
· Ensure proper booking of the loan.
· Lean perfection, exception, and documentation.
· Assist in assuring that overall system integrity related to commercial loan system/ software.
· Assist with loan monitoring, mortgage recordings, title liens, possessory collateral, and financial information for each loan. Including deposit requirements into Fahey banking account.
· Pre/Post Close QC of your documentation prior to closing.
· Teamwork - Contributes toward achieving Underwriting Team Objectives through activities such as: answering questions, efficient and accurate transactions, informing operations, underwriting team about other related products and services, assisting other department team members when needed.
· Strong support and excellent working relationship with the Commercial Lending team.
· Perform all other duties as assigned.
Knowledge, Skills, and Abilities:
· Effective communication skills (oral and written).
· Ability to take initiative and prioritize tasks, good time management and organizational skills.
· Ability to work in a fast-paced environment.
· Ability to read and understand bank, financial statement, and tax return documents.
· Attention to detail.
· Good decision-making skills.
Education and Experience:
· High school diploma or equivalent, and 2-3 years related experience or equivalent.
· Minimum of 1 year Commercial loan processing.
· Preferably highly proficient in Laserpro.
· Extensive knowledge base in commercial real estate transactions, documentation, and requirements
Job Type: Full-time
Benefits:
Schedule:
Ability to Relocate:
Work Location: Hybrid remote in Columbus, OH 43235
Full Time
Banking
$47k-62k (estimate)
04/11/2024
08/08/2024
faheybank.bank
MARION, OH
25 - 50
1865
CARL HUGHES
$10M - $50M
Banking
Fahey Bank has been known as a trusted community bank since 1865 the same year the Civil War ended. Timothy Fahey established the bank in the back of his general store to meet the needs of his neighbors in Marion, Ohio. Today, Fahey Bank is still rooted in Marion in the same location where Faheys general store once stood. What was built on Faheys vision and entrepreneurial spirit is very much alive today. What started with the promise of a handshake and bank note that could be paid back by farmers at harvest has grown into a bank with more than $150 million in assets. Relationships, communit ...
y and responsible lending: these are the cornerstones that Tim Fahey put in place to build his bank and they are the same principles that we embrace to this day to build upon that legacy and further distinguish what it means to be a trusted community bank. Focused On Relationships... We believe there is no working relationship more important than the one between our customers and their personal banker. For nearly 150 years, weve helped customers manage and navigate their ongoing financial needs while also planning for their future, whether its for personal accounts or business banking. We take seriously the fact that each customer has entrusted us with the stewardship of their financial assets and look to us for financial wisdom and guidance. When it comes to an individuals hard earned money, we believe the business of banking is highly personal and must be more than transactional. It needs to be rooted in relationship. This is why we make a point to become fully invested in each of our customers, getting to know them and their goals so we can achieve them together.
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The job skills required for Commercial Loan Processor include Commercial Loans, Loan Processing, Commitment, Loan Review, Underwriting, Due Diligence, etc. Having related job skills and expertise will give you an advantage when applying to be a Commercial Loan Processor. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Commercial Loan Processor. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Commercial Loan Processor positions, which can be used as a reference in future career path planning. As a Commercial Loan Processor, it can be promoted into senior positions as a Loan Processor III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Commercial Loan Processor. You can explore the career advancement for a Commercial Loan Processor below and select your interested title to get hiring information.