What are the responsibilities and job description for the Commercial Senior Loan Processor position at Servbank?
Job Summary :
Servbank is seeking a detail-oriented and efficient Commercial Senior Loan Processor to join our team. The ideal candidate will be responsible for managing the loan processing cycle from application to closing, ensuring accuracy and compliance with Servbank's policies and regulatory requirements. The Commercial Loan Processor plays a vital role in supporting our commercial lending operations by ensuring timely and precise processing of loan applications.
About Servbank :
Founded in 1994, Servbank is a banking institution with local roots and national reach. We were built on a foundation of community-orientation, which ensures that no matter who we serve, we do so with the human touch that marks the gold standard of service. We work with individuals, businesses, and communities, so that whether you're a student, a homeowner, a small business owner, or a community leader, we can help you fulfill your goals. Come create excellence with Servbank.
Key Responsibilities :
- Review loan applications for accuracy and completeness. Communicate with loan officers and applicants to gather necessary documentation and information.
- Prepare and organize loan documents, including credit agreements, promissory notes, guarantees, and other relevant paperwork. Ensure all documentation complies with Servbank's policies and regulatory requirements.
- Maintain well-organized and up-to-date loan files, ensuring that all necessary documentation is included and properly labeled.
- Review and interpret corporate documentation to verify the authority of signers and ensure all required signatures are obtained from authorized individuals.
- Work closely with account managers, underwriters, title, escrow, and insurance agents, and other team members to facilitate the smooth and efficient processing of loan applications. Provide regular status updates and address any queries or issues that arise.
- Ensure all loan applications and processing activities comply with Servbank's policies, federal and state regulations, and other relevant guidelines.
- Perform thorough quality control reviews of all loan documentation to identify and correct errors or omissions before submission for approval.
- Maintain effective and professional communication with applicants, providing them with regular updates and addressing any questions or concerns they may have throughout the loan processing cycle.
- Coordinate loan closings by preparing closing documents, scheduling closing appointments, and ensuring the timely disbursement of funds.
- Have an expertise in the processing of SBA 7(a) and 504 loans, ensuring accurate processing and compliance with the SBA SOP.
Requirements
EEO Statement :
We're an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.
Salary Description
55-115k
Salary : $55,000 - $115,000
