Bank Loan Processor

This role is responsible for coordinating and managing the loan closing process, ensuring all credit approval conditions, due diligence requirements, and documentation are completed accurately prior to funding.
The ideal candidate will have experience with commercial and/or real estate loan closings, secured transactions, and regulatory compliance requirements. This individual will work closely with lenders, attorneys, paralegals, and internal departments to ensure loans are closed efficiently, accurately, and in accordance with bank policies and regulatory standards.
Job Requirements Review credit approvals, commitment letters, and loan documentation to determine closing requirements and due diligence needs
Prepare and maintain closing checklists for assigned loan transactions
Open, organize, maintain, and update electronic loan closing files
Coordinate with loan officers, attorneys, paralegals, title companies, and internal departments throughout the closing process
Monitor outstanding closing conditions and follow up to ensure timely receipt of required documentation
Review due diligence items including title reports, insurance documentation, legal documents, and collateral requirements
Prepare insurance requirement letters and review insurance coverage for compliance with loan requirements
Calculate escrow requirements and prepare amortization schedules
Review loan documents for accuracy and consistency with approved loan terms and bank procedures
Prepare loan documentation for unsecured loans, CD-secured loans, UCC loans, and other assigned transactions
Assist with weekly pipeline, funding, and closing reports
Ensure compliance with RESPA guidelines, internal policies, and regulatory requirements
Support special projects and additional closing department initiatives as assigned
Job Qualifications Bachelor’s Degree required or equivalent combination of education and related experience
Minimum 2 years of secured transaction, real estate, and/or loan closing experience required
Experience with commercial loan closings preferred
Knowledge of RESPA guidelines and loan closing compliance requirements
Understanding of secured transactions, commercial lending documentation, and real estate lending concepts
Experience reviewing loan documents, insurance requirements, title work, and closing conditions
Proficiency in Microsoft Word and Excel required
Experience with LaserPro and Encompass preferred, but not required
Strong attention to detail and organizational skills
Excellent written, verbal, and interpersonal communication abilities
Ability to manage multiple transactions and deadlines in a fast-paced environment
Ability to work independently and collaboratively with internal and external stakeholders

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