Hybrid Commercial Loan Processor — Auto Decision

Webster Bank; Jericho (NY); Hybrid; USD 48,000 - 52,000; Full time

Job summary

Webster Bank in the New York area is seeking a Commercial Loan Processor – Auto Decision to support the centralized underwriting phase of the Loan Processing work stream for commercial loans within the Webster Bank Business Credit Center.

The individual will engage in data entry, file review, loan processing and closing activities to provide a credit decision by leveraging an automated decision model within the workflow.

Qualifications

• H.S. Diploma or GED required.
• Bachelor’s Degree preferred.
• 3–4 years of experience required.
• Hourly range is $35.00–$38.00; incentive eligible.

Responsibilities

• Process business loans via the Bank’s Loan Origination System.
• Collect and review loan application information from sales colleagues and/or customers.
• Upload loan application information to the Bank’s electronic imaging system.
• Partner with SBA Specialists when necessary to ensure loan structures are appropriate.
• Generate Credit Approval Documents and Commitment Letters for distribution to the appropriate parties.
• Acts as the primary process owner of the credit request to ensure a timely and high‑quality closing is achieved by tracking application status, following up on missing information, proactively solving problems, and collaborating with cross functional teams.
• Coordinates preparation of all necessary loan documentation and exercises pre‑closing quality control in preparation for deal closing and scheduling activities.
• Support the management of a business loan pipeline and work with others on the team to meet key metrics (i.e., turn‑time) and Service Level Agreements.
• Respond to routine inquiries from colleagues and customers.
• Interpret questions/requests and ensure proper resolution.
• Support the team by following State and Federal regulatory requirements.

Skills

Commercial lending

Loan origination systems

Loan processing

Loan closing

Multi-tasking

Customer service

Fast learner

Problem solving

Timeliness

Teamwork

Remote/hybrid environment

Education

HS Diploma or GED

BA/BS preferred

Tools

Loan Origination System

Electronic imaging system

Job description

Webster Bank in the New York area is seeking a Commercial Loan Processor – Auto Decision to support the centralized underwriting phase of the Loan Processing work stream for commercial loans within the Webster Bank Business Credit Center.

The individual will engage in data entry, file review, loan processing and closing activities to provide a credit decision by leveraging an automated decision model within the workflow.