Commercial Loan Processor

Join our team as a detail-oriented Commercial Loan Processor at IHMVCU! We are member-focused and dedicated to providing exceptional service while fostering financial well-being for our community.

This role is located at our beautiful headquarters on River Drive in Moline, IL. This facility includes a comfortable office environment with an on-site gym facility.

Summary of Position:

The Commercial Loan Processor will be responsible for the loan origination process for commercial lending products, ensuring that all loan documentation, compliance requirements and internal policies and procedures are adhered to. This position will communicate regularly with the Commercial Loan Officers, members, attorneys, title companies and insurance agencies in providing overall support and assistance for loan documentation preparation, servicing and closing.

The successful candidate should have following skills/qualifications:

• High school diploma or equivalent required; Bachelor's degree in Finance, Business or related field preferred.
• Minimum 2-3 years experience in commercial loan processing, underwriting or related financial experience.
• Knowledge of commercial lending products, processes, and industry regulations.
• Strong attention to detail with the ability to identify discrepancies and ensure accuracy in all loan documentation.
• Proficient in loan processing software and Microsoft Office Suite (Excel, Word, Outlook).
• Excellent verbal and written communication skills with the ability to interact effectively with members, colleagues, and external partners.
• Ability to handle multiple tasks, meet deadlines, and work in a fast-paced environment.
• Strong organizational and problem-solving skills.

Key Responsibilities:

• Review, verify and process commercial loan applications, supporting documentation and legal forms to ensure timely and accurate data entry into the loan origination system.
• Coordinate with commercial loan officers and analysts to gather necessary information and ensure loan packages are complete and ready for approval.
• Prepare loan documents for disbursement and ensure compliance with credit union policies and regulatory requirements.
• Maintain a thorough understanding of loan terms, conditions, and eligibility criteria to effectively process loan applications.
• Communicate with team members and external stakeholders to clarify loan documentation requirements, answer questions and maintain accurate records of all loan statuses.
• Assist with loan closings, confirming all necessary documentation is present, signed and filed appropriately.

Being a team member of IHMVCU is more than just a job, we want to make differences in the communities we live in and serve. Check out our careers page for more information including benefits www.ihmvcu.org/careers Final compensation will be determined by various factors such as experience, specific skills and internal pay equity.

Move Up your career at IHMVCU with this great opportunity!

Physical Requirements

• Sitting: Sedentary work involves sitting most of the time. Jobs are sedentary if walking and standing are required only occasionally, and all other sedentary criteria are met.
• Talking: Expressing or exchanging ideas by means of the spoken word; those activities where detailed or important spoken instructions must be conveyed to other workers accurately, loudly, or quickly.
• Hearing: Perceiving the nature of sounds at normal speaking levels with or without correction and having the ability to receive detailed information through oral communication and making fine discriminations in sound.
• Finger, handle, touch: Picking, pinching, typing or otherwise working, primarily with fingers rather than with whole hand or arm as in handling. Applying pressure to an object with the fingers and palm.
• Lifting Demands: Up to 10 lbs.
• Visual acuity to do things such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal; extensive reading.

Salary : $21 - $27