Commercial Loan Processor – To $70K – Chicago, IL – Job # 2672

The Symicor Group; Chicago (IL); On-site; USD 63,000 - 77,000; Full time

Job summary

A leading talent acquisition firm is seeking a Commercial Loan Processor in Chicago, IL, offering a competitive salary up to $70K. The role involves the preparation and processing of commercial loan packages while ensuring compliance with lending regulations. Candidates should have a strong attention to detail, effective communication skills, and a background in commercial loan processing. Join us to influence your development in the banking sector, and embark on your journey with us.

Qualifications

• At least 2 years of experience in commercial loan document preparation.
• Understanding of loan compliance documentation and related regulations.
• Ability to prioritize complex loan transactions.

Responsibilities

• Prepare and process commercial loan documents.
• Review and ensure completeness of loan packages.
• Communicate with loan officers regarding documentation issues.

Skills

Data Entry Accuracy

Time Management

Communication

Teamwork

Organization

Education

High School Diploma or equivalent

Two-year degree or higher (preferred)

Tools

LaserPro

Excel

Word

PowerPoint

Job description

Commercial Loan Processor – To $70K – Chicago, IL – Job # 2672

Who We Are

The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!

We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.

The Position

Our bank client is seeking to fill a Commercial Loan Processor role located in the Chicago, IL area. The position is responsible for the preparation, accuracy, and completeness of commercial loan packages, using the Bank’s documentation system and procedures. The candidate will be processing and preparing commercial loan products, as assigned.

The opportunity has a generous salary of up to $70K and a full benefits package. (This is not a remote position.)

Commercial Loan Processor responsibilities include:

• Processing commercial loan requests for both new and renewal loans using prescribed procedures and software.
• Making an initial review of the loan approval (Profile), using information available on the loan processing software system and credit file, obtaining required information for underwriting, and preparing loan closing documents.
• Preparing all necessary loan documents including Promissory Note, Business Loan Agreement, Construction Loan Agreement, Disbursement Request and Authorization, Resolutions, and Loan Checklist using information from the loan application, profile, and title policy.
• Confirming loan approval authority as defined by bank policy; review and obtain an understanding of the loan transaction from the Loan Profile.
• Determining that initial underwriting documentation is present according to the approval document.
• Reviewing credit files and determining additional documentation needs to support underwriting requirements, such as entity papers, credit reports, purchase contracts, lien searches, title work, appraisal or evaluation, environmental questionnaire, survey, life insurance, and property liability insurance.
• Ordering supporting documentation from approved vendors and working with loan officers or customers as needed.
• Renewal loan processing includes entering the loan into loan software and working with the servicing loan officer to move the approved credit to close.
• Communicating results of documentation review and any processing issues to the loan officer on a timely basis.
• Balancing transactions and preparing all general ledger tickets and cashier’s checks for disbursement.
• Preparing wire forms, wire tickets, and authorizing wires for loan proceeds.
• Processing loan file post-closing, including preparation and delivery of instruction letter and the closing packet to the title company if needed.
• Assisting with additional loan operation roles, as requested or necessary.

Who Are You?

You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.

You also bring the following skills and experience:

• High School Diploma or equivalent required; two (2) year degree or higher preferred.
• Two or more years of experience in commercial loan document preparation and/or document processing.
• Understanding of the required documentation for commercial term loans and lines of credit and the associated collateral documentation.
• Ability to prioritize work on complex loan transactions to meet scheduled loan closing dates.
• Knowledge of compliance requirements for commercial borrowers.
• Knowledge of related state and federal lending and compliance laws and regulations, and other Bank lending policies.
• Highly accurate data entry skills and a strong level of skill working with a variety of PC and internet applications, including LaserPro, Excel, Word, and PowerPoint, and the ability to navigate key industry-specific Internet sites.
• Strong multi-tasking, time management, thoroughness, and accuracy skills required.
• Solid communication and organizational skills with a focus on teamwork and cooperation.
• A high level of confidentiality is required.
• Ability to work under deadlines with frequent interruption.

The next step is yours. Email us your current resume along with the position you are considering to: