Commercial Loan Processor

Salary Range: $80,000.00 To $ Annually

Commercial Loan Processor

Join Our Team, Shape Your Future

At New Omni Bank, we believe in the power of talent and innovation to drive success. As a dynamic and forward-thinking financial institution, we’re always on the lookout for individuals who share our passion for excellence and are ready to make a meaningful impact.

About New Omni Bank

We were founded in 1980 on a simple idea of helping our neighbors—a community of immigrants in Los Angeles, coming from diverse backgrounds, finding it hard to get precise banking solutions for their unique needs.

For over four decades of creativity, innovative thinking, and above all – attentiveness, are the hallmarks of our services. Coupled with our extensive network and on-the-ground expertise, we’ve been the catalyst for countless clients, guiding them to grow and thrive in California, across the Pacific, and at every twist and turn. Our legacy of empowerment is proven by continuous recognitions, like a 5-Star Rating from Bauer Financial, Inc.

for over 40 quarters.

Position Summary

FLSA Status:
Full Time/Non-Exempt

Location/Branch:
Rowland Heights, CA preferred and will consider Irvine, Arcadia, and Alhambra will be considered.

The Commercial Loan Processor is responsible for the accurate and timely documentation, boarding, and ongoing processing of commercial loans throughout the loan lifecycle. This position works closely with lending, loan operations, and accounting teams to ensure loan transactions are properly documented, recorded, and maintained in accordance with Bank policies and applicable requirements. The role serves as an important quality-control point by identifying and resolving exceptions, supporting accurate loan records and reconciliations, and helping improve loan processing practices.

The ideal candidate is detail-oriented, organized, and comfortable taking ownership of processes through completion.

Essential Job Functions and Responsibilities (Duties not limited to those provided here):

• Prepare, review, and coordinate the execution of commercial loan documentation using Laser Pro and other approved systems. Ensure documentation accurately reflects the approved Credit Approval Request (CAR), underwriting and approval conditions, Bank policies and procedures, and applicable legal and regulatory requirements.
• Manage the accurate and timely boarding of new loans, renewals, extensions, modifications, advances, and other loan transactions to the Bank’s core system, including completion and documentation of post-boarding reviews and call-backs.
• Perform post-closing and servicing activities, including maintenance of loan records, processing and documentation of subsequent transactions, and preparation of payoff demand statements, certifications, and other loan-related documentation.
• Serve as a key quality-control point for commercial loan operations by reviewing loan boarding, transactions, payments, and exception reports; identifying and coordinating correction of errors and exceptions; tracking outstanding items through resolution or escalation as appropriate; and perform monthly certification.
• Work collaboratively with Loan Operations, Accounting, and other departments to ensure loan transactions and balances are accurately reflected in the Bank’s systems and reconciled to the general ledger.
• Identify recurring issues and recommend process, procedure, training, and control improvements to enhance the accuracy and efficiency of loan operations.
• Support internal and external audits, regulatory examinations, FHLB reviews, and other loan-related reviews.
• Maintain current knowledge of loan policies and procedures, documentation requirements, applicable regulations, and operational practices.
• Comply with…