Commerical Loan Processor

• Location 151 West Main Street, Somerset, PA, 15501, United States
• Job Category Banking, Finance, Commercial Lending
• Employee Type Non Exempt FT
• Manage Others No

Prepare and process commercial loan documentation for all commercial loan officers by providing quality loan service through effective utilization of support services and performing assigned daily duties effectively and efficiently.

• Prepare loan documents and update loan data in the financial institution’s Laser Pro computer program. Employee must possess the ability to work on an independent basis when processing in-house commercial loans, in addition to participations loans, small business loans, and letters of credit.
• Input/book commercial loan accounts onto DNA, the bank’s core operating system, process funding of loans and compile folders and information for all loans entered in an orderly manner. Enter exceptions on the DNA system for tracking.
• This job requires no teller capability; however, this job does include maintenance capability for the bank’s main operating system.
• Verify accuracy of loan documentation and ensure that loan files contain documents with proper signatures, dates, and other relevant data to comply with bank policy.
• Answer telephone and written inquiries concerning loan processing and information with regard to loan documentation.
• Contact attorneys, settlement agents, prepare checks for disbursement and gather necessary account information to assist lenders with all loan documentation as needed.
• Prepare Commitment Letters, Modification Agreements, and any additional letters or agreements for commercial loan accounts as requested by officers and forward to the appropriate areas for processing.
• Prepare, verify, and submit documents for UCC filings, titled vehicle liens and mortgages, and verify insurance on these items for all new loans.
• Assist the collateral area and loan checking area as needed. Must be willing to answer questions and be willing to assist, cross‑train and back‑up this area if requested.
• Assist the Lead Commercial Processor with tasks, projects, reports and training as requested.
• This job requires the ability to multi‑task, work as a team player, work well with Commercial Lenders, Commercial Lender Assistants and Credit Analysts, work in an atmosphere where interruptions occur frequently and noise volume is average to above average.
• Cooperate with, participate in, and support the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the bank’s compliance with all regulatory requirements.
• Understand and support all BSA/AML responsibilities as applicable to the position as well as consistently, accurately, and timely carry out these responsibilities in compliance with the Bank’s internal policies.
• Perform other related work and duties as assigned.

Associate's degree or equivalent from two-year college or technical school; or one to two years related experience and/or training; or equivalent combination of education and experience. A good understanding of financial institution products and services is also necessary.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This job has no supervisory responsibilities.

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and policies using proper grammar and accurate spelling. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental…