What are the responsibilities and job description for the Commercial Loan Processor position at Lake-Osceola State Bank?
Commercial Loan Processor II
Job Grade IV
Reports to Commercial Loan Processing Department Head
Job Summary:
A Commercial Loan Processor performs administrative tasks for commercial loan processing. Coordinates with lenders, customers and external vendors to collect and prepare all required documentation for closings. Being a Commercial Loan Processor ensures that loan packages are complete, and documentation correctly prepared within the required timelines. Additionally, Commercial Loan Processor responds to internally and external inquiries. Prepares required regulatory reporting.
Essential Functions:
- Orders vendor work and performs initial review of documentation.
- Processes appropriate tickets for new loans, loan payments and draw requests.
- Prepare all necessary loan documents and package them post close.
- Track Insurance and UCC Filings
- Answer phone calls and routine questions
- Support and assist lenders and department team members wherever possible
Qualifications:
- High School Education or equivalent (loan processing experience preferred)
- Proficient computer skills in Microsoft Office and various industry related programs.
- Ability to communicate effectively with co-workers and customers
- Good verbal, written and telephone communication skills
- Ability to handle multiple tasks
- Good organizational skills
- Ability to work independently with moderate supervision.
Job Type: Full-time
Pay: From $19.00 per hour
Expected hours: 40 per week
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Physical Setting:
- Office
Schedule:
- 8 hour shift
Experience:
- Loan processing: 1 year (Preferred)
Work Location: In person
Salary : $19