Commercial Loan Processor

Utah First Credit Union; Salt Lake City (UT); On-site; USD 34,000 - 39,000; Full time

Benefits offered by this job

Medical and dental insurance

4 weeks Paid Parental Leave

8 weeks Paid Pregnancy-Related Medical

20 PTO days

12 paid holidays

Tuition reimbursement up to $2,500

401(k) plan

Training opportunities

Job summary

Utah First Credit Union in Salt Lake City, UT, seeks a Commercial Loan Processor to join our Commercial Services team. The role analyzes business financial data, computes ratios, verifies income, gathers required information, and prepares documents through closing, using accounting and spreading software.

A Bachelor's degree and real estate finance experience are preferred. We offer a competitive wage starting at $25.00 to $28.00 per hour plus benefits, a 401(k) plan, tuition reimbursement, and

Qualifications

• Bachelor's degree preferred in related field or equivalent education and experience.
• Two years' experience in real estate finance processing required.
• Analytical with strong attention to detail; team player and self-motivated.

Responsibilities

• Analyze business financial data, compute ratios, verify income and financing objectives.
• Prepare LaserPro loan documents, title escrow letters, and ensure file accuracy through closing.

Skills

Accounting knowledge

Financial statements

Microsoft Word

Microsoft Excel

Financial statement spreading software

Education

Bachelor's degree

Tools

LaserPro

Job description

Utah First Credit Union is seeking a Commercial Loan Processor to join our Commercial Services team at our Salt Lake City, Utah office.

Responsibilities

The Commercial Loan Processor analyzes business financial and credit data, computes ratios, verifies income, determines customer's financing objectives, gathers additional required information from applicants. Accurately calculates terms, finance charges, and insurance on loans. Presents narrative on financial statement and business analysis findings for inclusion in credit approval documents. Must have a strong knowledge of accounting, business financial statements, computer skills, including Microsoft Word and Excel, and financial statement spreading software.

The Commercial Loan Processor assumes responsibility for title searches, appraisals, credit reports, follows through to closing on all supporting documents. Prepare LaserPro loan documents, title escrow letters, wire transfer forms, and loan funding reconcilements. Sets up new, and maintains, digital loan files. Pulls flood certificates, credit reports, appraisals, environmental reports, title commitments, insurance certificates, verifies that loan documentation is accurate and complete, maintains a log of outstanding items. Follow-up for post-closing file documentation needed for conventional loans, SBA 7a, SBA 504 and USDA loans.

Benefits

We pay our Commercial Loan Processor a competitive wage starting at $25.00 to 28.00 / hour, depending on experience, the potential to earn a quarterly bonus.

• medical and dental insurance
• 4 weeks of Paid Parental Leave for the birth of a child and 8 weeks of Paid Pregnancy-Related Medical Leave
• 20 PTO days
• 12 paid holidays
• tuition reimbursement up to $2,500 each year
• a 401(k) plan
• training opportunities

Salary: $25.00 - $28.00 per hour

Qualifications

Bachelor's degree preferred in a related field, or an equivalent combination of education, formal training, and experience. Two years' experience in the real estate finance processing required. Must be analytic and have attention to detail, be driven and ambitious. Works well individually and with a team.

About Utah First Credit Union

The Utah First story began in 1935, in the midst of the Great Depression. A group of German immigrants were having a difficult time finding anyone to help them with the loans they needed to bring their families to America. They banded together to form a grassroots credit union that would serve all members of the community. Here, people found the positive answers' and opportunities' they needed to build their future. We've built our credit union around the idea of strengthening our community and creating excellent relationships.

Our mission is to be significant in the lives of our customers and we know that our employees are key to achieving this. That is why we offer competitive compensation, comprehensive benefits, and a supportive, team-oriented work environment. As a growing organization, our employees can also depend on an enormous opportunity for advancement.

Disclosures

Utah First is an Equal Opportunity / Affimative Action Employer and does not discriminate in employment on account of race, color, religion, national origin, citizenship status, ancestry, age, sex (including sexual harassment), sexual orientation, marital status, physical or mental disability, military status or unfavorable discharge from military service. We may contact references provided for employment reference checks. Federal law requires all employers to verify the identity and employment eligibility of all persons hired to work in the United States. We use E-Verify.