Commercial Loan Administrator

Servbank; Bourbonnais (IL); On-site; USD 55,000 - 75,000; Full time

Job summary

Servbank in Bourbonnais, Illinois is looking for a Commercial Loan Administrator to oversee and process loan projects efficiently. The role includes preparing loan documentation, ensuring compliance with regulations, and offering superior customer support. Candidates should possess strong organizational skills along with at least 3-5 years of experience in commercial lending.

The ideal candidate will thrive in an office environment and will be expected to maintain accurate loan records and collaborate with various departments. A Bachelor’s degree in a relevant field is preferred.

Qualifications

• 3-5 years of experience in commercial loan administration or related field.
• Proficiency in loan documentation and processing systems.
• Strong communication skills, both written and verbal.

Responsibilities

• Prepare and review loan documentation for accuracy.
• Manage the end-to-end commercial loan process.
• Ensure compliance with credit conditions and regulations.
• Provide customer service to borrowers.

Skills

Commercial lending practices

Organizational skills

Customer service

Attention to detail

Time management

Education

Bachelor’s degree in Finance, Business Administration, or related field

Job description

The Commercial Loan Administrator is responsible for managing and processing commercial loan projects. This role involves preparing and reviewing loan documentation, ensuring compliance with regulatory requirements, and maintaining accurate loan records. The ideal candidate will have a strong understanding of commercial lending practices and excellent organizational skills.

Key Responsibilities

• Loan Documentation: Prepare and review all necessary loan documentation to ensure accuracy and compliance with company policies and regulatory requirements.
• Loan Processing: Manage the end-to-end loan process, including application review, approval, and disbursement.
• Compliance: Ensure all loan packages meet credit conditions and regulatory requirements.
• Customer Service: Serve as the primary point of contact for borrowers, providing excellent customer service and addressing any inquiries or issues.
• File Management: Maintain organized and accurate loan files, including all required documentation and correspondence.
• Reporting: Generate and maintain statistical reports to meet federal regulations and internal reporting requirements.
• Collaboration: Work closely with underwriters, relationship managers, and other departments to ensure smooth loan operations.
• Portfolio Management: Assist in the management of the loan portfolio, including monitoring loan performance and addressing any issues that arise.

Requirements

• Experience: Minimum 3-5 years of experience in commercial loan administration or a related field.
• Strong understanding of commercial lending practices.
• Excellent organizational and time management skills.
• Proficiency in loan documentation and processing systems.
• Strong attention to detail and accuracy.
• Excellent communication and customer service skills.
• Ability to work independently and as part of a team.

Preferred Qualifications

• Education: Bachelor’s degree in Finance, Business Administration, Real Estate, or a related field. Experience may substitute for degree.
• Knowledge of federal and state lending regulations.
• Certification in loan administration or a related field.

Working Conditions

• Office environment.
• Full-time position with standard business hours.

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.