Corporate Commercial Loan Processing

Corporate Commercial Loan Processing

Corporate Commercial Loan Processing role at Morton Community Bank

Established in 1960 with one location in Morton, IL, Morton Community Bank (MCB) has grown to over 550 employees, 52 branch locations, and more than $5 billion in assets. We pride ourselves on dedicated service to our customers and communities while valuing our employees. Each MCB employee owns a portion of the bank through our ESOP (Employee Stock Ownership Plan), a substantial benefit upon retirement.

Pay or shift range: $21.21 USD to $26.29 USD

The estimated range is the budgeted amount for this position. Final offers are based on various factors, including skill set, experience, location, qualifications, and other job‑related reasons.

Medical, Dental, Vision, Short‑Term Disability, HSA, FSA, 401(k). Life and AD&D Insurances, Long‑Term Disability, Vacation Days, Personal Days, and Paid Holidays.

Responsible for creating and assembling all required documentation for commercial loan closings and ensuring the loan file complies with the bank’s policies, procedures, and regulatory practices.

• Review incoming loan requests to identify appropriate conditions, terms of repayment, loan covenants, and actions necessary to perfect the bank’s collateral interest.
• Interact with Lenders and Loan Assistants to ensure correct documentation.
• Prepare commercial loan documentation utilizing the appropriate software in accordance with Loan Policy, Loan Approval, and Regulatory Compliance.
• Coordinate with legal counsel on less complex attorney‑reviewed and prepared loan requests.
• Identify CRA and HMDA loans and input the appropriate reporting information.
• Review real estate title and UCC searches and take appropriate action to clear exceptions.
• Verify loan documentation for accuracy, completeness, and compliance.
• Coordinate loan closings with lenders, loan assistants, title companies, and attorneys, including delivery of loan documents prior to closing.
• Send executed loan documents for recording (Mortgages, Deeds of Trust, Vehicle Titles, UCC).
• Perform loan funding functions: verify documentation is properly executed, prepare wire transfer instructions, submit payoffs to other lending institutions or third parties, and prepare all internal tickets to submit to loan expert.
• Work in a fast‑paced environment, prioritizing multiple responsibilities.
• Process back‑counter work in a rotation.

Personnel Management:
This position has no supervisory responsibilities.

• The physical activities of this position may include climbing, reaching, standing, lifting, talking, hearing, and performing repetitive motions.
• Medium exertion; exerting up to 50 pounds of force occasionally, up to 20 pounds of force frequently, and up to 10 pounds of force constantly to move objects.
• The worker is required to have close visual acuity for activities such as preparing and analyzing data and figures; viewing a computer terminal.

• The noise level in the work environment is usually moderate.
• Employees working 7½ continuous hours or more must take a 30‑minute uninterrupted lunch break no later than 5 hours after beginning their work day.

Essential:

• High school diploma or equivalent.
• Attend loan overview course.
• BSA and other bank‑related training through BAI is required annually.

Desirable:

• Some college or equivalent work experience.

Essential:

• Knowledge of customer service principles.
• Relevant computer skills.

Desirable:

• 2–3 years of related work experience.

This job description is not an employment contract, implied or otherwise; therefore, the employment relationship remains "at‑will."

• Entry level

• Full‑time

• Finance and Sales
• Banking