Commercial Lending Operations Specialist

INB, National Association; Springfield (IL); On-site; USD 55,000 - 60,000; Full time

Job summary

INB, N.A. in Illinois seeks a Commercial Loan Coordinator to support the lending function through accurate loan servicing, processing, and administrative tasks. You will work with loan officers, customers, and third‑party professionals to ensure smooth closings and strict adherence to policies and regulations.

Responsibilities include preparing documentation for closings, tracking due diligence, and maintaining loan files, with emphasis on accuracy, compliance, and excellent customer service.

Qualifications

• Associate degree or equivalent work experience.
• Minimum of 2–4 years of experience in loan operations, commercial loan processing, or loan closing.
• Previous banking or commercial lending experience preferred.

Responsibilities

• Establish and maintain commercial loan files in an organized, accurate, and efficient manner.
• Process loan advances, paydowns, disbursements, and related servicing transactions.
• Prepare, review, and coordinate documentation for commercial loan closings.
• Order and track required due diligence items, including appraisals, environmental reports, property inspections, flood determinations, and other supporting documentation.
• Maintain tracking reports for flood insurance, property taxes, UCC filings, insurance coverage, and other loan-related requirements.
• Verify that all pre-closing conditions have been satisfied prior to funding authorization.
• Prepare loan funding information in accordance with approved loan terms and closing documentation.
• Process and monitor customer escrow deposits related to closing costs, appraisals, and fees.
• Collaborate with participant banks regarding funding arrangements for purchased and sold loans.
• Provide administrative and operational support for Commercial Lending Officers and staff.
• Review loan documents to ensure collateral is properly secured and borrower/guarantor obligations are accurately documented.
• Assist with internal audits, regulatory examinations, and compliance reviews by gathering documentation and responding to requests in a timely manner.
• Support departmental quality control efforts by identifying process improvements and assisting with implementation of procedural enhancements.
• Maintain a high level of customer service while handling confidential information with professionalism and discretion.

Skills

Interpersonal skills

Communication

Organizational skills

Multitasking

Teamwork

Problem solving

MS Office (Word/Excel)

Loan documentation knowledge

Banking regulations knowledge

Education

Associate degree or equivalent

Job description

INB, N.A. in Illinois seeks a Commercial Loan Coordinator to support the lending function through accurate loan servicing, processing, and administrative tasks. You will work with loan officers, customers, and third‑party professionals to ensure smooth closings and strict adherence to policies and regulations.

Responsibilities include preparing documentation for closings, tracking due diligence, and maintaining loan files, with emphasis on accuracy, compliance, and excellent customer service.