Commercial Loan Processor: Streamlined Closings & Funding

Belmont Bank & Trust Company; Chicago (IL); On-site; USD 60,000 - 75,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

Paid Time Off

Paid Holidays

Retirement Plan 6%

Life Insurance

Disability Insurance

Tuition Assistance

Professional Development

Job summary

Belmont Bank & Trust in Chicago, IL is seeking an experienced Commercial Loan Processor to support loan officers, prepare documents, and coordinate closings with title companies, attorneys, and appraisers. You will ensure file completeness and accuracy in accordance with terms, policies, and regulations while handling multiple files with minimal supervision.

The role emphasizes attention to detail, regulatory compliance, and strong communication with borrowers and third parties to bring loans to

Qualifications

• High school diploma or equivalent is necessary.
• Minimum two years of loan closing/documentation or related experience is required.
• Experience with LaserPro or similar loan documentation software is preferred.

Responsibilities

• Drafting loan documents using LaserPro software in accordance with the approved terms and policies, and in compliance with federal and state regulations.
• Scheduling and coordinating closings.
• Carrying out closings either on-site or at a client’s location and submitting documents to title companies for recording and final title insurance policy.
• Funding of loans via wire, check or disbursement and approving final disbursement with escrow agents.
• Ensuring funded loan files are complete and ready for booking onto the bank’s loan accounting system.
• Requesting title searches, title policy commitments, UCC searches, insurance certificates, and related documents.
• Analyzing documentation to ensure bank collateral position can be perfected.
• Analyzing liability and insurance certificates to ensure adequate coverage.
• Running OFAC checks and collecting information in accordance with Bank Secrecy Act.
• Post-funding tracking and review of documents perfecting the collateral.

Skills

Loan processing

LaserPro

Attention to detail

Customer service

Education

High school diploma or equivalent

Tools

LaserPro software

Job description

Belmont Bank & Trust in Chicago, IL is seeking an experienced Commercial Loan Processor to support loan officers, prepare documents, and coordinate closings with title companies, attorneys, and appraisers. You will ensure file completeness and accuracy in accordance with terms, policies, and regulations while handling multiple files with minimal supervision.

The role emphasizes attention to detail, regulatory compliance, and strong communication with borrowers and third parties to bring loans to