Commercial Loan Processor: Fast Closings & Precise Docs

State Street Bank; Quincy (IL); On-site; USD 45,000 - 65,000; Full time

Job summary

State Street Bank in Quincy, IL is seeking a Commercial Loan Processor to receive and process new commercial loan submissions and provide daily administrative support to the Lender. Responsibilities include ordering required documents, preparing loan documents, maintaining files, and coordinating loan closings within specified time frames.

The role requires a Bachelor’s degree in a related field and at least 1 year of loan processing experience, with strong time management and attention to

Qualifications

• Bachelor's degree in a related field and a minimum of 1 year experience performing loan processing preferred.
• Proficiency with Microsoft Office and strong communication skills are essential.
• Experience with LaserPro is a plus but not required.

Responsibilities

• Prepare accurate commercial loan documents in a timely manner.
• Handle inquiries from internal and external customers professionally.
• Order required documents (titles, appraisals, disclosures, payoffs, credits) to complete loan file.
• Preview loan files for completeness and ensure compliance.
• Process loan files for closing and/or mail adverse action notices as requested.
• Schedule loan closings for lenders as needed.
• Maintain documentation through routine file maintenance.
• Provide weekly and monthly reports to Lenders and senior management.
• Perform other duties as assigned.

Skills

Microsoft Office

Oral & written communication

Time management

Attention to detail

Education

Bachelor's degree in related field

Tools

LaserPro

Job description

State Street Bank in Quincy, IL is seeking a Commercial Loan Processor to receive and process new commercial loan submissions and provide daily administrative support to the Lender. Responsibilities include ordering required documents, preparing loan documents, maintaining files, and coordinating loan closings within specified time frames.

The role requires a Bachelor’s degree in a related field and at least 1 year of loan processing experience, with strong time management and attention to