Commercial Loan Coordinator I

Mercantile Bank of Michigan; Troy (MI); On-site; USD 45,000 - 65,000; Full time

Benefits offered by this job

Medical

Dental

Vision

FSA

Paid vacation

Sick time

Life insurance

401(k) match

Discounted bank services

Adoption assistance

Training opportunities

Job summary

Mercantile Bank in Troy, MI is seeking a full-time Commercial Loan Coordinator I to support the commercial lending team. You will research and verify documents, assemble packages, and coordinate closing steps with multiple internal and external parties.

The role emphasizes accuracy, communication, and a proactive, team-oriented mindset. A competitive wage is offered, along with a comprehensive benefits package including medical, dental, vision, FSA, paid time off, life insurance, a 401(k) with

Qualifications

• Excellent communication skills required to interact with customers and colleagues.
• Strong multi-tasking ability to manage multiple loan documents and deadlines.
• Proven team collaboration while supporting a fast-paced lending environment.
• Ability to work independently and take ownership of tasks.
• Reliable and organized with attention to detail and accuracy.
• Capable of managing time and priorities in a growing community bank setting.

Responsibilities

• Research, assemble, and verify required information for commercial loan packages.
• Coordinate due diligence: title commitments, identity papers, lien searches, flood determinations, surveys, appraisals, disclosures.
• Prepare loan documentation for closing and coordinate with internal departments and outside counsel as needed.
• Handle loan status inquiries, wire transfers, and document organization for efficient processing.

Skills

Excellent communication skills

Multi-tasking

Team collaboration

Independent work

Reliability

Organized

Education

High school diploma or GED

Job description

Mercantile Bank in Troy, MI is looking to hire a full-time Commercial Loan Coordinator I. Do you love to solve problems? Do you like to learn and have a lot of variety in your work? Do you enjoy working independently AND collaborating and supporting a winning team? If so, please read on!

Commercial Loan Coordinators receive a competitive wage based on skills and experience. You would be eligible for a full benefits package that includes medical, dental, vision, a flexible spending account (FSA), paid vacation and sick time, life insurance, a 401(k) with a match at 100% up to the first 5% of your contribution, discounted bank services, adoption assistance, exceptional training and development opportunities and more!

• medical
• dental
• vision
• a flexible spending account (FSA)
• paid vacation and sick time
• life insurance
• a 401(k) with a match at 100% up to the first 5% of your contribution
• discounted bank services
• adoption assistance
• exceptional training and development opportunities

MERCHANT BANK STORY

Founded in 1997 with the firm belief that our customers, employees, and communities are best served by financial institutions with local ties, we have a strong and extensive commercial and retail banking presence in Michigan. We work together to solve problems and are leaders in the industry when it comes to innovative products. As a community bank, we are able to offer products that are tailored to meet the unique needs of our local customers.

We hire people that are able to connect, listen, and deliver the best solutions to our customers and communicate with integrity every time. Our employees are actively involved in the communities we serve. We offer a work environment where they can thrive and reach their full potential. We get that feeling valued, accepted and respected is key. We are a great place to work and grow.

A DAY IN THE LIFE OF A COMMERCIAL LOAN COORDINATOR I

You have an integral role in the Commercial Lending department, ensuring our customer's requests are met and fulfilled in the most efficient and timely way. We take pride in excellence, and this shows when you work with this team. You will research, assemble, and verify all required information required for completing commercial loan document packages. This includes obtaining all required due diligence and review of documents including, but not limited to real estate title commitments, identity papers (Corporations, LLC's, Partnerships, etc.), lien searches, flood determinations, surveys, environmental due diligence, appraisals and regulatory disclosures.

Our work is fast paced, so you will need to be prepared and organized. You will "stay in the know" by partnering with Commercial Lenders to gain understanding of loans that will be coming through for processing and on upcoming workload.

Preparing the correct loan documentation for closing using information gathered, analyze complex entity structures and complex collateral and gather supporting documentation and verification needed for analysis. You will partner with other departments within the Commercial Lending department, customers and maybe outside counsel to ensure we have appropriate documentation to proceed to closing.

You will answer the department phone and emails to support customers by disbursing funds at closing, answering inquiries regarding loan status, collateral, loan payments, etc. You will prepare outgoing mail and correspondence, including e-mail and faxes, prepare wire transfer requests, verify funds, obtain proper approval authority and general follow through, organize and maintain electronic filing system and coordinate and arrange meetings, conference calls and conference rooms.

QUALIFICATIONS

• High school diploma or GED


• 1-3 years' experience in a professional setting


• 1-3 years' banking experience with a basic understanding of the lending process


• Commercial Banking experience preferred


• Experience utilizing technology and multiple software systems


• Reliable and organized with ability to multi-task


• Ability to work independently and in a team environment


• Excellent communication skills


• Ability to work overtime when necessary


• Minimal day travel may be required

WORK SCHEDULE AND LOCATION

This position will be onsite at our location in Troy, MI. Of fice hours are Monday - Friday, 8:00 am - 5:00 pm.