Loan Processor

Job Description

Job Description

Are you a skilled loan processor with commercial loan lending experience and a desire to become an expert in a specialized field? Celtic Bank's Specialty Documentation department is growing and looking for a Loan Processor to join the team. The Loan Processor is responsible for driving all aspects of the loan closing process with an emphasis on meeting deadlines, communicating to all parties effectively, and accuracy in gathering and entering data. This role ensures compliance with loan requirements, confirms fulfillment of approved credit requirements, and adheres to internal credit policies. Providing, at a minimum, weekly updates to all parties highlighting current outstanding items/deliverables, timelines, and any blockers that could potentially disrupt the planned closing date. The following list provides a detailed description of tasks you may experience in this role:

Essential Job Functions

• Conduct detailed review of closing due diligence documents for accuracy, completeness, and adherence to terms of bank approval and policies. 
• Engage and coordinate with necessary third parties, including attorneys, title, appraisers, accountants, consultants, and engineers.
• Facilitate assigned commercial loan closings and pipeline to ensure that all closing requirements are met and that closing deadlines are achieved for each loan file.
• Work with underwriters to fulfill conditions of loan commitments, clear loans for closing, and document approved exceptions.
• Discern and fully resolve all issues that may emerge during the loan closing process.
• Review all due diligence documentation in conjunction with third-party legal teams and management to ensure enforceability and clarity.
• Identify missing documents or discrepancies in closing packages and ensure timely satisfaction of requirements.
• Effectively communicate any changes to management and third-party legal teams. This could include but is not limited to drafts of credit memos, Bank approvals, change in terms, etc. 
• Coordinate scheduling of loans for closing with all parties involved and prepare loan closing worksheets for funding.
• Ensure loans are accurately boarded into core system and all supporting documentation is turned over.
• Maintain superior level of customer service with customers, bank employees, and department members.
• Audit and ensure loan package accuracy including all packaging documents, satisfaction of credit conditions, overall compliance, bank and regulatory guidelines.
• Prepare change in terms or engage legal to facilitate loan amendments for servicing requests, resizings, or changes of control in accordance with bank approval and under the direction of the manager.
• Communicate effectively and proactively across multiple channels and internal and external parties to support the team value of transparency, to ensure the appropriate tone, and promote excellent independent problem-solving skills.
• Maintain professional and technical knowledge of all regulations related to closing and post-closing procedures.
• Assist in the portfolio management of an existing portfolio of assets and serve as a resource within the team.
• Perform other duties as assigned.

Requirements

• Bachelor’s degree in finance, economics, business, or paralegal certificate and related experience preferred.
• 1-2 years of commercial loan lending, processing, and servicing experience or a related field preferred.
• Desire to gain expert proficiency in a specialized product is a must.
• Current knowledge of banking regulations is preferred.
• Ability to collaborate, influence and articulate complex processes.
• Ability to work independently
• Proficiency in Microsoft Office, Internet, and related computer skills.

Benefits

• Medical, dental, vision

• 401(k) with employer match
• Life and long-term disability coverage
• HSA and FSA plans
• Holidays and paid time off requests
• Robust wellness program (we’re talking catered meals three times a weeks, lunch and learns, and onsite gym.)

Headquartered in the heart of downtown Salt Lake City, Utah, Celtic Bank was named a top SBA lender in the nation in 2025! Celtic Bank is a leading nationwide lender specializing in SBA 7(a), SBA 504, USDA B&I, express loans, asset-based loans, commercial real estate loans and commercial construction loans.

Celtic Bank is an equal opportunity employer and complies with all applicable federal, state and local fair employment practices laws.

Physical and Other Requirements

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. The demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

• Stationary Work: The employee is frequently required to stand; walk; use hands to type, handle documents, and perform other office related duties. Exerting up to 10 pounds of force occasionally and/or negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects.
• Mobility: The employee in this position needs to occasionally move between work sites and inside the office to access file cabinets, office machinery, etc.
• Communicate: The employee is regularly required to talk or hear and will frequently communicate with others. Must be able to read, write and understand fluent English.
• Work Model: The employee in this position will work either a fully Onsite or Hybrid work model. All employees, regardless of location, may be required to travel to the Salt Lake City office for mandatory company meetings, events, or related occasions.
• Utah-based employees: Hybrid work schedule available after initial training period in our Salt Lake City, Utah office – department and job requirements will determine eligibility.