Commercial Loan Coordinator I - Fast-Paced Banking Support

Mercantile Bank; West Branch (MI); On-site; USD 42,000 - 62,000; Full time

Benefits offered by this job

Medical, dental, vision

Flexible spending account (FSA)

Paid vacation and sick time

Life insurance

401(k) with match

Job summary

Mercantile Bank in West Branch, MI is hiring a full-time Commercial Loan Coordinator I to join our Commercial Lending team. The role involves researching and assembling loan documentation, performing due diligence, and coordinating with lenders and customers to move loans toward closing.

Ideal candidates will have 1-3 years in a professional setting and/or banking, plus strong communication skills. The position offers a competitive wage and a full benefits package with 401(k) match and other

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.

Responsibilities

• Research, assemble, and verify all required information for completing commercial loan document packages.
• Obtain due diligence and review documents including title commitments, identity papers, lien searches, flood determinations, surveys, environmental due diligence, appraisals and regulatory disclosures.
• Stay in the know by partnering with Commercial Lenders to understand upcoming loans and workload.
• Prepare correct loan documentation for closing and analyze complex entity structures and collateral; gather supporting documentation for analysis.
• Coordinate with other departments, customers, and outside counsel to ensure documentation to proceed to closing.
• Answer department phones and emails to support customers, disburse funds at closing, respond to inquiries about loan status, collateral, and payments; manage correspondence and filing.

Skills

Communication skills

Teamwork & independence

Multi-tasking

Technology & software

Reliable & organized

Overtime flexibility

Education

High school diploma or GED

Job description

Mercantile Bank in West Branch, MI is hiring a full-time Commercial Loan Coordinator I to join our Commercial Lending team. The role involves researching and assembling loan documentation, performing due diligence, and coordinating with lenders and customers to move loans toward closing.

Ideal candidates will have 1-3 years in a professional setting and/or banking, plus strong communication skills. The position offers a competitive wage and a full benefits package with 401(k) match and other