Commercial Loan Processor

Responsible for performing various duties to support the loan processing function; coordinating work within the department, as well as with other departments; reporting pertinent information to the immediate supervisor; responding to inquiries or requests for information.

• Work with lenders to assist in the preparation of early and closing disclosures for all loan types.
• Works closely with all members of the lending & lending support teams, to assist as needed.
• Prepare loan documents, by entering into the system, for application and closings including all types of loans (Real estate, personal loans, credit lines and business loans.).
• Order appraisal, lien searches and flood certifications.
• Assist in the preparation of loan Commitment Letters, when needed.
• Make sure file meets guidelines of investors, MI companies or RHS guarantee program.
• Fund FNMA through ULDD and FHLB loan presentment for funding of secondary market income.
• Prepare monthly report of funding to send to DMI.
• Help lenders with questions concerning secondary market files.
• Prepare attorney requisitions.
• Schedule loan closings as needed.
• Process and disburse closed loans; organize loan documents in loan folders, maintain progress check list for each mortgage file, maintain incomplete list for secured loans.
• Make payoffs to local banks, tax claim office, etc. as needed.
• Maintain complete loan files and work to gather necessary documents/information for completion of files.
• Assists with Escrow accounts, including disbursement of bills, and Annual Escrow Analysis as needed.
• Assists in review of loan system changes, form changes, modification changes, etc.
• Quote and process loan payoffs.
• Correct loan payment errors.
• Make changes to repayment schedules and automatic payments when required as well as having the correct documents signed relating to these changes.
• Check daily billing and reminder notices.
• Do online transfers and loan payments for customers by phone request.
• Answer telephone when needed and assist customers with loan information.
• Comply with all company policies and procedures.
• Other administrative duties as assigned.