Loan Processor

Provides clerical and administrative support to the commercial department. Assesses file risk and compliance with regulatory and internal policies. Effectively communicates both internally and externally to ensure quality service. Monitors and tracks the commercial loan portfolio.

Essential Functions & Responsibilities:

• Assist Commercial Loan Officers with complex accounts; maintain up-to-date member files including balance sheets, profit and loss statements, cash flow projections, and all loan documentation.
• Actively manage the pipeline to ensure file expectations are met; communicate progress at all stages with members and internal staff with limited oversight from the Commercial Supervisor.
• Review commercial loan packets to verify applications are complete; evaluate borrower assets and liabilities; work with members and vendors to obtain required documentation and ensure accuracy and completeness.
• Track loan maturities, renewals, and covenants to ensure compliance with loan agreements; ensure deeds are filed/released as needed, UCCs are enforced, and tax/insurance requirements are current.
• Review files for compliance with regulatory and internal requirements and submit accurate files for final approval.
• Send notifications and follow up on periodic loan review documentation.
• Disburse loan funds and file loan documents with appropriate parties as required.
• Assist members with loan or account-related questions and concerns.
• Enter and maintain accurate loan information in computer systems.
• Perform other job-related duties as assigned.