Commercial Loan Coordinator I - Fast-Paced Impact

Mercantile Bank; Troy (MI); On-site; USD 42,000 - 58,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Flexible Spending Account (FSA)

Paid vacation and sick time

Life insurance

401(k) with company match

Discounted bank services

Adoption assistance

Training and development opportunities

Job summary

Mercantile Bank in Troy, MI is hiring a full-time Commercial Loan Coordinator I. You will research, assemble, and verify documentation for commercial loans, coordinate due diligence, and prepare closing packages.

The role requires interaction with lenders and customers, and offers a comprehensive benefits package. Work hours are standard business time onsite in Troy, with opportunities for training and development as part of a growing team.

Qualifications

• High school diploma or GED required.
• 1–3 years' professional experience.
• 1–3 years' banking experience; lending process familiarity preferred.
• Commercial banking experience preferred.
• Experience using multiple software systems.

Responsibilities

• Research, assemble, and verify required information for commercial loan document packages.
• Coordinate due diligence, title commitments, lien searches, and disclosures.
• Prepare loan documents for closing and verify funds.
• Answer calls and emails to support customers and disburse funds at closing.
• Organize electronic filing and arrange meetings and conference rooms.

Skills

Problem solving

Learning ability

Independence

Team collaboration

Multitasking

Detail orientation

Overtime flexibility

Minimal travel

Education

High school diploma or GED

Tools

Banking software

Job description

Mercantile Bank in Troy, MI is hiring a full-time Commercial Loan Coordinator I. You will research, assemble, and verify documentation for commercial loans, coordinate due diligence, and prepare closing packages.

The role requires interaction with lenders and customers, and offers a comprehensive benefits package. Work hours are standard business time onsite in Troy, with opportunities for training and development as part of a growing team.