Commercial Loan Administrator

Servbank; Watseka (IL); On-site; USD 65,000 - 80,000; Full time

Job summary

Servbank in Watseka, Illinois, seeks a Commercial Loan Administrator responsible for managing and processing commercial loan projects. The role involves preparing loan documentation, ensuring compliance with regulations, and providing excellent customer service to borrowers.

The ideal candidate will possess 3-5 years of experience in commercial loan administration, demonstrate strong organizational and communication skills, and have a solid understanding of lending practices. This is a full-time position in an office environment.

Qualifications

• Minimum 3-5 years of experience in commercial loan administration or related field.
• Strong understanding of commercial lending practices.
• Excellent organizational and time management skills.

Responsibilities

• Prepare and review all necessary loan documentation.
• Manage the end-to-end loan process, including application review and approval.
• Ensure all loan packages meet credit conditions and regulatory requirements.
• Serve as the primary point of contact for borrowers.
• Maintain organized and accurate loan files.
• Generate and maintain statistical reports.
• Work closely with underwriters and other departments.
• Assist in managing the loan portfolio.

Skills

Commercial lending practices

Organizational skills

Customer service

Attention to detail

Time management skills

Education

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

Tools

Loan documentation and processing systems

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.