Commercial Loan Processor/Closer

About the position

The Commercial Loan Processor/Closer at Seamen’s Bank plays a vital role in processing and closing real estate and non-real estate loans, ensuring compliance with bank policies and regulations. Their attention to detail and understanding of loan documents uphold the bank’s reputation for excellence.

Responsibilities

• Manage Application Workflows: Track and complete workflows in the Commercial Loan Origination System (LOS).
• Gather Information: Collect credit reports and other data for loan evaluations.
• Monitor Loan Progression: Track loan requests from initiation to final disposition.
• Prepare Documentation: Create clear and compliant documentation for various loan outcomes.
• Coordinate Interactions: Order third-party documents and schedule loan closings with stakeholders.
• Pre-Closing and Closing: Ensure all documentation is complete and oversee the closing process.
• Review and Follow-Up: Scrutinize closing packages and resolve discrepancies.
• Digital Management: Input data into the FIS system, scan documents, and process transactions.
• Customer Communication: Respond to inquiries and prepare written communications for customers.
• Compliance Knowledge: Stay updated on commercial loan policies and regulations.

Requirements

• Education: Associate's degree or equivalent, plus at least one year of relevant banking experience.
• Communication Skills: Ability to effectively communicate with third-party service providers.
• Technical Skills: Proficiency in Microsoft Excel and Word, along with strong problem-solving abilities.
• Attention to Detail: Ensure accuracy in all tasks.