Commercial Loan Processor Job New Berlin area,Wisconsin USA,Finance & Banking

2775 S Moorland Rd, New Berlin, WI 53151, USA

Overview

At Landmark Credit Union, we succeed by putting people first. Our culture of inclusion and collaboration enables us to support our members’ financial wellbeing, positively impact the communities we serve, and help our associates grow their careers. Bring your authentic self to work as part of an organization where you’ll feel valued for your unique qualities and supported to reach your full potential.

NATURE

AND SCOPE

This position reports to the VP, Commercial Banking Operations Manager. They assist the Commercial Banking Department through preparation of commercial documentation, closing, post-closing and booking of commercial loans. They perform functions related to preparing documents, creating closing packages, booking and servicing business loans, and may interact with existing members, prospective members, and other professional providers used by the Commercial Banking Department.

REQUIREMENTS

High school diploma, or equivalent, and three years of direct experience in business/commercial documentation and/or auditing. Combination of education and experience will also be considered.

Experience or ability to gain proficiency in all programs and systems used for this job, including Microsoft Office products and systems related to business lending.

Excellent verbal and written communication skills, problem solving skills, organizational skills, and the ability to work independently as a valuable team member in a dynamic environment.

Demonstrated knowledge in all types of business loan, real estate and business asset documentation preferred.

Proven ability to organize work, balance multiple priorities, manage a variety of projects in a fast-paced, flexible work environment with strong attention to detail and within defined deadlines.

Demonstrated ability to use independent judgment and discretion in various situations while maintaining a high degree of confidentiality.

Strong interpersonal skills, a positive attitude, and a desire to help people.

Thorough understanding of company policies and procedures as they relate to this position. Must understand and comply with all job-related state and federal laws and regulations.

PRINCIPAL

ACCOUNTABILITIES

Review loan closing documentation and all attachments to ensure an approved and complete document request order has been received. Communicate with administrator/lender to obtain missing information or to clarify loan details as needed.

Prepare all documents needed for loan closing, thoroughly review for accuracy and compliance before packaging and sending to administrator/lender. Peer review may be required and a Specialist may review coworkers’ loan closing document packages. Order and fund wire transfers for external closings as required.

After loan has been closed, book the business loan to the core system and complete any other disbursements after closing, including payment of vendor invoices, filing of liens, and ordering of final title.

Complete, review, and update required checklists to verify correct process completion and ensure all essential follow-up (e.g., exceptions) have been established.

Ensure accurate and timely completion of all management and compliance reports in required software.

Create exceptions as needed to track missing documents and lien filings (e.g., mortgage, title policies), with ongoing tracking (e.g., UCC filings, insurance policies). Review and update exceptions as missing documentation is received; update the loan file/scanned file as required. Handle corrections in a timely fashion.

Assemble business files and organize them consistently, scanning and labeling all documents as required. Send original signature document files to vault for safekeeping.

Provide backup to the Administrative and Servicing Staff as required.

Perform other duties as assigned.

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