Commercial Loan Processor

Liberty Federal Credit Union; Evansville (IN); On-site; USD 40,000 - 60,000; Full time

Benefits offered by this job

Paid Holidays

Paid Time Off

Medical, Dental and Vision Insurance

401(k) with matching funds

Tuition Reimbursement Program

Job summary

Liberty Federal Credit Union, located in Evansville, IN, is hiring a Commercial Loan Processor responsible for processing loans and providing exceptional service to clients. The role involves ensuring regulatory compliance, maintaining efficient loan documentation, and working closely with lending staff.

Ideal candidates will possess knowledge of lending procedures, excellent attention to detail, and proficiency in loan processing systems. Employee benefits include medical insurance, 401(k), paid time off, and tuition reimbursement.

Qualifications

• Detailed knowledge of processing, underwriting, and closing procedures.
• Ability to handle sensitive documents or confidential information.
• Experience in loan systems and related host systems.

Responsibilities

• Process all loans including complex files.
• Ensure accurate and timely loan documentation.
• Communicate with attorneys for document preparation.
• Ensure compliance with loan regulations.

Skills

Knowledge of processing, underwriting, and closing procedures

Computer skills

Knowledge of federal lending regulations

Attention to detail

Education

College degree preferred or relevant experience

Tools

Microsoft Office products

Job description

Job Overview

Liberty FCU, a full-service credit union, is seeking a Commercial Loan Processor. This position could be located at 4401 Theater Drive, Evansville, IN. The ideal candidate will provide exceptional service to ensure a seamless loan process, providing administrative support to commercial lending staff, interacting with clients and third‑party vendors, and ensuring accurate and timely commercial loan documentation.

Responsibilities

• Process all loans as assigned, including the most complex files.
• Clear conditions and issue changes to the terms on previously approved loans.
• Verify conditions of approval, which may include client income/assets documentation, and resolve routine title issues such as vesting issues, child support liens, judgment liens, mechanic liens and undisclosed lien reconveyances.
• Analyze, understand, and interpret loan policy and apply it to loan requests.
• Evaluate loan documentation and clear conditions as per delegated authority.
• Ensure accurate, complete, and timely loan data on the processing system.
• Obtain credit reports, flood determination reports, title examinations and appraisal information.
• Communicate with attorneys in preparation of documents.
• Review all prepared documents for accuracy prior to loan closing.
• Ensure all documentation is regulatory compliant (e.g., Reg B, HMDA, Flood Certifications, etc.).
• Ensure that all documents have proper signatures, dates, disclosures, and other relevant data.
• Work closely with other members of the department to provide exceptional service to clients.
• Ensure loans are booked correctly and collateral is forwarded to the appropriate department.
• Perform research required to resolve client problems in a timely manner.
• Serve as backup to other documentation specialists.

Desired Skills and Qualifications

• Detailed knowledge of processing, underwriting, and closing procedures.
• In‑depth knowledge of credit union policies and procedures, lending procedures and credit policies.
• In‑depth understanding of computer loan system.
• Proven computer skills.
• Develop and maintain an understanding of credit union history, philosophy, organization, bylaws, and operational procedures.
• Knowledge of federal lending regulations.
• Ability to analyze policies, procedures and guidelines in a way that maximizes productivity but protects the desired risk level.
• Ability to establish productive business interpersonal relationships with others inside and outside the organization and to work with little direct supervision in carrying out the responsibilities assigned.
• Working knowledge of Microsoft Office products and Internet Explorer.
• Flexibility in working schedule; may be required to work weekends and/or extended hours. Reliable attendance is critical.
• Ability to operate standard business equipment: fax, copiers, printers, calculators, computers, etc.
• Ability to present a professional image.
• Ability to handle sensitive documents or other confidential information.
• Ability to work well under pressure.
• Ability to perform multiple job functions and tasks with minimum supervision.
• Ability to communicate and work well with all levels of employees, officers, and directors.
• Attention to detail, ability to meet deadlines and deal tactfully with clients (internal and external).
• College degree preferred, with a demonstrated mastery of loan processing principles; however, a combination of experience and education may be substituted for degree requirements.
• Experience and overall understanding of loan systems and related host systems.

Physical Requirements

• Normal office environment with little exposure to dust, noise and temperature.
• Typically sitting for long periods.
• Standing, bending, and lifting up to 20 pounds.
• Extended viewing of a computer screen.
• Occasional travel to branch offices, seminars, and various training courses may be required.

Benefits and Compensation

• Paid Holidays
• Paid Time Off (Vacation, Sick and Personal Days)
• Medical, Dental and Vision Insurance
• 401(k) retirement program with matching funds
• Employer‑paid Group Term Life Insurance, Short‑Term and Long‑Term Disability Insurance
• Tuition Reimbursement Program

Liberty FCU is an Equal Opportunity Employer, Minority/Female/Disability/Protected Veteran.