Loan Processor - Support

Job Description

Job Description

We are looking for a detail-oriented Loan Processor - Support team member to join a Financial Services team in La Grange, Illinois. This Long-term Contract position focuses on supporting commercial loan processing activities from due diligence through closing, booking, and post-closing follow-up. The ideal candidate will bring strong organizational skills, sound judgment, and the ability to manage multiple transactions while maintaining accuracy and service excellence.

Responsibilities:
• Initiate and coordinate pre-closing due diligence by reviewing approved loan packages and ordering required searches, reports, certifications, and lien-related documentation.
• Maintain an active portfolio of loan files by updating tracking tools, organizing digital records, and ensuring documents are properly stored in shared electronic systems.
• Work closely with lenders and title partners to move commercial loans to closing, confirming that title conditions and required documentation are satisfied in advance.
• Perform final reviews of closing documents, assemble complete funding packages, and submit booking information once transactions are ready for system entry.
• Prepare closing-related disbursement requests, including wire instructions, while helping ensure accuracy and completeness of supporting documentation.
• Monitor post-closing and exception items through regular reporting, following up on recorded documents, insurance or policy requirements, and any outstanding conditions.
• Track ongoing credit administration items such as letters of credit and organizational filings, including renewals and continuation deadlines.
• Respond to operational and servicing requests from internal teams and external partners, including monetary and non-monetary loan activity, while helping resolve issues efficiently.
• Support debit and credit processing with an understanding of general ledger impact, and contribute to team collaboration, training efforts, and coverage during high-volume periods.
• Carry out daily work in accordance with regulatory standards, internal controls, and bank policy requirements while assisting with additional departmental needs as assigned.• Experience supporting loan administration, loan processing, or commercial lending operations within a financial services environment.
• Working knowledge of commercial loan due diligence, documentation review, closing coordination, and post-closing follow-up activities.
• Strong attention to detail with the ability to analyze information, identify discrepancies, and solve problems effectively.
• Proven ability to manage competing deadlines in a fast-paced setting while maintaining accuracy and a high level of customer service.
• Clear written and verbal communication skills, with the ability to collaborate effectively across lending, operations, and external partners.
• Proficiency in Microsoft Word and Excel, along with the ability to learn loan platforms and data processing systems quickly.
• Basic understanding of accounting concepts and general ledger activity related to loan transactions.
• Background in mortgage processing, mortgage closing, loan origination, or related lending support functions is preferred.