Commercial Loan Processor

Westmark Credit Union; Idaho Falls (ID); On-site; USD 42,000 - 64,000; Full time

Benefits offered by this job

Paid Time Off

Health insurance

401k with company match

Tuition Reimbursement

Employee Assistance Program

Job summary

Westmark Credit Union is seeking a Commercial Loan Documents Processor to prepare loan documents, assist with booking commercial loans, and organize borrower paperwork for accurate funding.

You will review documents, input loan information into lending systems, process disbursements, handle draw requests, and maintain meticulous records of loan activity. Strong attention to detail and communication are essential.

Qualifications

• Proficiency in Microsoft Word and Excel required.
• Strong attention to detail and organizational skills.
• Effective oral and written communication abilities.

Responsibilities

• Serve as the first point of contact by answering department phones, taking messages, and ensuring prompt follow-up on commercial loan inquiries.
• Review commercial and construction loan documents prior to closings to confirm all required documents are prepared for valid funding.
• Input loan information into the commercial lending systems to assist Commercial Loan Officers efficiently.
• Process commercial and construction loan disbursements through ACH deposits, wires, or cashier’s checks, ensuring accuracy and compliance.
• Handle incoming draw requests on commercial lines of credit, verifying sufficient documentation is available for final approval by a Commercial Loan Officer.
• Maintain accurate records for all active commercial and consumer-side residential construction loans, including proper draw requests, inventory inspection reports, lien waivers, indemnity agreements, and funding receipts.
• Scan and organize tax returns, financial statements, and other loan documents into the commercial lending systems or imaging systems as directed by Commercial Loan Officers.
• Participate in external events aligned with the business lending mission as assigned.
• Perform additional duties as directed by the VP of Commercial Lending.

Skills

Microsoft Word

Microsoft Excel

Attention to detail

Organizational skills

Communication skills

Education

High School Diploma or equivalent

Job description

Discover the Westmark Difference!!

Are you looking for a career? Do you want to be valued as an individual on a team? Do you want to learn, grow, and make a difference in your community? Westmark offers outstanding stability, a variety of career opportunities and exceptional work/life balance.

• 60 % of our employees have been part of the Westmark family for 5+ years.
• 71% of our employees who have been part of the Westmark family for one year or more have received at least one promotion.
• 85% of our managers were promoted from within the company.
• Westmark has been in business since 1954 and has recently grown to over $1.6 billion in assets, 15 branches, and over 81,000 members!

We also have some of the most impressive benefits in the industry:

• Paid Time Off (3 to 5 weeks per year, depending on tenure) PLUS 11 paid holidays.
• Excellent health insurance options for employees and family with shared premiums
• 401k with 75% company match and 2% profit sharing contribution
• Tuition Reimbursement and Scholarships
• Employee Assistance Program (Free counseling and legal services)

Position Summary

Under general supervision, this role is responsible for preparing commercial loan documents and assisting with the booking of commercial loans. The position also involves processing incoming documentation from commercial borrowers, such as financial statements, and managing tasks related to record-keeping, scanning, and archiving of commercial loan documents to ensure accurate and organized files.

Schedule

36-40 hour within a Monday through Friday work week.

Responsibilities

• Serve as the first point of contact by answering department phones, taking messages, and ensuring prompt follow-up on commercial loan inquiries.
• Review commercial and construction loan documents prior to closings to confirm all required documents are prepared for valid funding.
• Input loan information into the commercial lending systems to assist Commercial Loan Officers efficiently.
• Process commercial and construction loan disbursements through ACH deposits, wires, or cashier’s checks, ensuring accuracy and compliance.
• Handle incoming draw requests on commercial lines of credit, verifying sufficient documentation is available for final approval by a Commercial Loan Officer.
• Maintain accurate records for all active commercial and consumer-side residential construction loans, including proper draw requests, inventory inspection reports, lien waivers, indemnity agreements, and funding receipts.
• Scan and organize tax returns, financial statements, and other loan documents into the commercial lending systems or imaging systems as directed by Commercial Loan Officers.
• Participate in external events aligned with the business lending mission as assigned.
• Perform additional duties as directed by the VP of Commercial Lending.

Requirements

Qualifications

Education and Experience

• High School Diploma or equivalent.
• Minimum one year of experience in commercial lending, either at Westmark or a similar financial institution.

Skills and Knowledge

• Proficiency in Microsoft Word and Excel, including formula functionality.
• Strong understanding of loan forms and directives related to loan processing.
• Demonstrated attention to detail and organizational skills.
• Effective oral and written communication abilities.

Key Competencies

Professionalism and Integrity

• Interacts with commercial loan clients and colleagues in a professional and respectful manner.
• Maintains a courteous and professional demeanor, representing Westmark positively during and outside of work hours.

Reliability and Accountability

• Demonstrates consistent attendance and takes ownership of responsibilities.
• Accurately processes detailed information while adhering to established timelines.

Enthusiasm and Initiative

• Exhibits a positive, enthusiastic attitude toward responsibilities and team goals.

Adaptability and Development

• Remains flexible and open to learning opportunities, supporting the overall mission of the department.

Physical Requirements

• Manual Dexterity and hand-eye coordination for tasks such as typing and operating office equipment.
• Sitting for extended periods of time.
• Visual and auditory abilities to understand and communicate with the public.
• Repetitive motion using wrists, hands, and fingers.
• Occasionally lift and carry up to 15 lbs., if required for departmental tasks.

Westmark Credit Union is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.