Commercial Loan Processor

Job Title: Commercial Loan Processor

Location: Onsite - Oak Park, IL

Job Type: Full-time
Pay: $60,000 - $80,000 per year

Benefits:

• 401(k) with matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Job Description: We are seeking a dedicated and detail-oriented Commercial Loan Processor to join our clients team. In this role, you will work closely with the Lending team to manage all aspects of loan review, due diligence, and documentation. You will serve as a liaison between the Borrower, Loan Officer, and Loan Operations, ensuring a smooth and efficient loan process.

Key Responsibilities:

• Understand Credit Approval requirements and determine necessary due diligence for documenting loans, including credit reports, good standing certificates, appraisals, EPA reports, insurance, title commitments, flood determinations, and UCC searches.
• Obtain and review all entity documents.
• Prepare loan documentation using Laser Pro.
• Communicate loan status with the Lending team and Borrowers.
• Schedule closings and deliver loan documents to closing.
• Collaborate with Loan Servicing for any loan funds needed and provide booking information.
• Follow up to ensure timely return of original loan documents and verify that all documents are appropriately executed.
• Scan all loan-related documentation into the imaging system.
• Perform additional duties as required.

Qualifications:

• Minimum of 5 years of experience documenting and closing Commercial Loans, including Commercial Real Estate and C&I Loans.
• Proficient in Laser Pro and Microsoft Office.
• Excellent organizational skills and ability to multi-task.
• Strong verbal and written communication skills.
• Familiarity with Fiserv Premier and/or Fiserv Cleartouch. Knowledge of Baker Hill is a plus.

Schedule:

• 8-hour shift, Monday to Friday

Preferred Experience:

• Fair Housing regulations: 1 year
• Customer service: 1 year

360 Talent Avenue is an Equal Opportunity Employer. We do not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran, status or any other basis covered by appropriate law. All employment decisions are based on qualifications, merit, and business needs.