Commercial Loan Processor

Phaxis

Woodbury (NY)

On-site

USD 26,174 - 30,307

Full time

14 days+

Application generator

An application made for this job — a tailored resume and cover letter that speak straight to the posting.

Get past ATS filters

Job summary

Phaxis is seeking a highly organized Consumer and Business Loan Processor to manage loan applications, ensuring compliance with regulations and a positive borrower experience. This role involves processing both consumer and commercial loans, requiring strong financial analysis skills, attention to detail, and effective communication.

Qualifications

3+ years of experience in loan processing.
Familiarity with federal and state lending regulations.
Strong financial analysis and documentation skills.

Responsibilities

Review and process loan applications for various lending products.
Verify applicant information and ensure compliance with requirements.
Monitor loan conditions and resolve documentation issues.

Skills

Attention to detail

Financial analysis

Communication

Problem-solving

Organization

Education

High school diploma or equivalent

Associate or Bachelor's degree in finance or business

Tools

Loan origination systems

Microsoft Office Suite

Job description

17 hours ago Be among the first 25 applicants

This range is provided by Phaxis. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$19.00/hr - $22.00/hr

Job Summary:

We are seeking a highly organized and detail-oriented Consumer and Business Loan Processor to support the end-to-end loan processing function for both individual and commercial clients. This role is responsible for reviewing, verifying, and processing loan applications—ensuring compliance with regulatory guidelines and internal policies while providing an excellent borrower experience.

Key Responsibilities:

Consumer Loan Processing:

Review and process loan applications for auto loans, personal loans, credit lines, and other consumer lending products.
Verify applicant information, including income, employment, credit reports, and debt obligations.
Ensure loan files are complete and compliant with federal and institutional requirements.
Coordinate with underwriters, borrowers, and loan officers to resolve documentation issues.
Prepare loan closing documentation and assist with disbursement of funds.

Business Loan Processing:

Process a variety of commercial loan products, including term loans, lines of credit, SBA loans, and equipment financing.
Analyze business financial statements, tax returns, bank statements, and organizational documents.
Verify collateral, guarantor, and business ownership documentation.
Assist in assembling loan packages for underwriting and closing.
Monitor loan conditions, covenants, and post-closing document collection.
Ensure all business loan transactions comply with regulatory, underwriting, and audit requirements.

Qualifications:

High school diploma or equivalent required; Associate or Bachelor's degree in finance, business, or a related field preferred.
3+ years of experience in loan processing, with at least 1 year involving business/commercial loans.
Familiarity with federal and state lending regulations (TILA, FCRA, ECOA, AML/BSA, etc.).
Proficiency in loan origination systems and Microsoft Office Suite.
Strong financial analysis and documentation skills.
Excellent communication, organization, and problem-solving skills.
Ability to work in a deadline-driven environment with high accuracy and attention to detail.

Preferred Skills: