Commercial Loan Processor
Share
Job Location:
Hartford, CT - USA
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
We Exceed Expectations Every Customer Every Time. We treat our customers like friends and family. We value the contribution of our team members and believe your energy and passion for serving our customers sets us apart!
We currently have an opening for a Commercial Loan Processor to join our team in our HARTFORD WI location. This position is ON-SITE in Hartford Wisconsin. This is not hybrid or remote work.
ONSITE Hours of work are Monday - Friday 8:15 am - 5:00 pm overtime as needed.
As a Commercial Loan Processor you are responsible for managing the end-to-end processing of commercial loans. This includes preparing and reviewing loan documentation coordinating with internal and external stakeholders ensuring compliance with regulatory requirements and maintaining accurate records throughout the loan lifecycle.
Key Responsibilities:
- Prepare and review loan documents for new renewed and modified commercial loans.
- Ensure all documentation complies with loan approval terms bank policies and regulatory requirements.
- Responsible for complex and high-value commercial loan documentation such as SBA loans stand-by letters of credit and loan participations bought and sold.
- Review entity documentation to verify legal name structure and signatory authority.
- Perform all required booking and follow-up reporting of loan documentation.
- Maintain accurate and current loan records throughout the loan lifecycle.
- Complete loan files calculate and apply interest and accurately record payments.
- Apply interest payments flooring and maintenance for all dealer floor plans.
- Prepare for loan closing by ordering the appropriate documentation to include but not limited to Real estate appraisal or evaluation title work UCC filing flood certificate.
- Provide assistance with maintaining SBA reporting.
- Communicate with loan officers underwriters and borrowers to ensure timely and accurate processing.
- Perform UCC filings continuations and terminations.
- Follow up on documentation exceptions for commercial loans such as obtaining final loan policies and recorded documents.
- Perform post-closing audit of commercial and agricultural loans.
- Process paid loan files.
- Respond to inquiries and resolve documentation issues in a timely and professional manner.
- Scan and index loan documents using digital imaging software.
- Advise and support loan officers to ensure that loans are documented per the terms of the Credit Presentation.
- Communicate with participant banks in the processing of loan booking loan advances and payments.
Education & Experience:
- High School diploma or equivalent required; Associate or Bachelors degree in Business Finance or related field strongly preferred.
- Minimum of 2 years experience in commercial loan processing role required.
- Proficiency in Microsoft Office Suite (Excel Word Outlook Teams).
- Familiarity with document management systems and banking software.
Qualified candidates will have the following skills and abilities:
- Maintain confidentiality and uphold ethical standards.
- Strong attention to detail and organizational skills.
- Excellent written and verbal communication.
- Ability to multitask and prioritize in a dynamic environment.
- Problem-solving and decision-making capabilities.
- Team-oriented with a customer-first mindset.
- Demonstrate efficiency and organization in managing multiple transaction details under tight deadlines.
- Ability to work with minimal supervision.
Benefits of Choosing to work at Forte Bank:
- Competitive Pay
- Very Generous PTO plan PTO at 30 days!
- 401(k) with company match up to 4% (immediate vesting!)
- Profit sharing
- Employee Stock Ownership Program
- Health Dental Vision Life
- Employee Celebrations and events
- Logo Apparel
Check out our website or our Facebook page to learn more about our AMAZING organization and culture!
Forte Bank is an Equal Opportunity Employer
Key Skills
- Loan Processing
- Typing
- Data Entry
- Customer Service
- Organizational skills
- Basic Math
- Computer Skills
- Fraud
- Microsoft Outlook
- 10 Key Calculator
- Fair Housing Regulations
- Food Processing
About Company
At Forte Bank our goal is to enhance our customer's opportunities for financial success and safeguard their assets. We have branches in Hartford, Slinger and Richfield, and serve customers throughout Washington, Ozaukee and Waukesha counties.
