Loan Administrative Assistant – To $55K – Chicago, IL – Job # 2966

The Symicor Group; Chicago (IL); On-site; USD 45,000 - 55,000; Full time

Job summary

A leading talent acquisition firm seeks a Loan Administrative Assistant in Chicago, IL. You will provide vital administrative support for loan officers, manage documentation processes, and ensure regulatory compliance. Ideal candidates will have extensive experience in commercial mortgage processing, solid understanding of loan documentation, and a high school diploma. Join a company focused on developing talent and providing outstanding banking solutions.

Qualifications

• Five or more years of experience in commercial mortgage processing and loan documentation is required.
• Knowledge of mortgage title insurance, hazard insurance, flood insurance, and appraisal processes.
• Solid understanding of loan reporting requirements (HMDA and CRA) is essential.

Responsibilities

• Process loan files, create documents, and interact with vendors to gather supporting documentation.
• Manage workflow to ensure loan requests move through stages efficiently.
• Interview loan applicants and perform transactions accurately while providing quality service.

Skills

Commercial mortgage processing

Loan operations

Due diligence review

Customer service

Data collection accuracy

Education

High School diploma or GED

Tools

LaserPro

Job description

Loan Administrative Assistant – To $55K – Chicago, IL – Job # 2966

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 client is seeking to fill a Loan Administrative Assistant role in the Chicago, IL market. The successful candidate will provide administrative support for multiple loan officers.

The position offers a generous salary of up to $55K and a full benefits package. (This is not a remote position).

Loan Administrative Assistant responsibilities include:

• Processing loan files, creating loan documents, and interacting with outside vendors to order appraisals, title work, track insurance, and obtain various standard reports or supporting documentation.
• Managing the workflow process to ensure loan requests move efficiently through all stages.
• Ordering, compiling and reviewing due diligence for new and renewed loan transactions.
• Preparing commercial loan documents and files within specified time limits to meet all crucial deadlines.
• Ensuring all loan documentation is complete, accurate, verified, and that it complies with the bank policies and state and federal regulations and policies.
• Ordering, gathering, and verifying background information on loan applicants and their business by conducting follow-up applicant interviews, obtaining credit bureau reports, business income statements, appraisals, title insurance, and other necessary verification documentation.
• Interviewing customer loan applicants to gather basic information concerning their business loan needs.
• Performing loan transactions efficiently, accurately, and in a professional manner while providing quality customer service focused on building strong business relationships.
• Tracking insurance, taxes (real estate), and borrower financial information ensuring continued compliance with all loan requirements.
• Calculating loan payoffs, processing interest payments and when the loan is paid, terminating collateral liens or holds.
• Taking the initiative to follow-up, escalate, or seek additional resources to ensure customer satisfaction in a timely manner.
• Assuming other duties and responsibilities as assigned by the manager.

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 GED.
• Five or more years of commercial mortgage processing experience is required.
• Five or more years working in loan operations or loan documentation with specific experience in due diligence review and loan documentation.
• Experience with LaserPro required.
• Solid working knowledge of mortgage title insurance, hazard insurance, and flood insurance as they pertain to loan collateral.
• Working knowledge of real estate and equipment appraisals required for loan collateral.
• Solid understanding of the most common loan reporting requirements such as HMDA and CRA as demonstrated by the ability to collect accurate data.
• Solid understanding of the core processing system as demonstrated by the ability to accurately process monetary transactions, loan maintenance, and resolve most balancing issues.
• Solid understanding of the basic requirements for perfecting a security lien.

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