Commercial Loan Processor jobs in Michigan

Job Title: Commercial Loan Processor

Department: Lending
Reports To: Senior Credit Officer
FLSA Status: Non-exempt

SUMMARY: Compiles, prepares, and verifies documentation for commercial loans.
Acts as a backup for consumer loan processing requests. Works in conjunction with
Credit Department, Commercial Lenders, other Loan Processors, and Loan Servicing.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

• Prepares documentation needed for commercial loans.
• Reviews completed loan documents for accuracy and compliance.
• Primary for ordering of title work, appraisal, flood certifications, certificate of good standings, etc. as needed.
• Performs follow-up work necessary to ensure bank’s security interests are not at risk (lien’s perfected, filings, UCC continuations and terminations, insurance, property tax, mortgage recordings, title insurance policies, etc.).
• Prepares documentation needed for consumer loans as necessary.
• Performs closings on commercial loans for commercial lenders if necessary.
• Prepares ticket work/BTE forms for processing of loans.
• Disburses funds for commercial loans after closings as directed by Lender.
• Notifies the Lender promptly of potential problems.
• Prepares and maintains document and collateral files.
• Assists with verbal and written requests from customers regarding their loan accounts.
• Processes closed loans and collateral releases
• Prepares correspondence and reports as requested.
• Interacts with other processing department personnel to ensure uninterrupted workflow to all department functions.
• Maintains UCC continuations and processes UCC terminations
• Completes post-closing review & loan documentation review checklists
• Ensures documentation related to commercial lending is imaged
• Provide support to Lenders as requested
• Act as a backup to the Senior Loan Processor as necessary

• Complete quality control for closed commercial loans as necessary
• Assist with file pull for audits and exams as needed and requested
• Perform miscellaneous duties as assigned by Management.
• This list is not exclusive. Other duties or tasks may be assigned.

SUPERVISORY RESPONSIBILITIES: This job has no supervisory responsibilities.

QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE: One-year certificate from college or technical school; or three to six months related experience and/or training; or equivalent combination of education and experience.

LANGUAGE SKILLS: Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of the organization.

MATHEMATICAL SKILLS: Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages.

REASONING ABILITY: Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.

CERTIFICATES, LICENSES, REGISTRATIONS: Current driver’s license.

OTHER SKILLS AND ABILITIES: Able to navigate effectively in Excel and
Microsoft Word. Good interpersonal skills and being a team player are essential.
Knowledge of loan documentation is helpful.

OTHER QUALIFICATIONS: Must be able to meet the requirements as stated in the Honor Bank handbook.

PHYSICAL DEMANDS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; and talk or hear. The employee frequently is required to reach with hands and arms. The employee is occasionally required to stand; walk; and stoop, kneel, crouch, or crawl. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.
Specific vision abilities required by this job include close vision.

WORK ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

Job Type: Full-time

Pay: Up to $18.00 per hour

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Referral program
• Vision insurance

Physical setting:

• Office

Schedule:

• 8 hour shift
• Monday to Friday

Supplemental pay types:

• Bonus pay

Application Question(s):

• Due to the nature of working in finance, Honor Bank performs a credit employment screening in conjunction with our background checks once a contingent offer of employment is accepted. Do you have any non student debt or medical debt concerns that you'd like to discuss with Human Resources?
• While this position could have the capacity to be performed primarily remotely after training- training will be performed in Honor, MI, and employees are expected to report on site for all necessary meetings (usually about once monthly). Are you able to commute to Honor, MI for of training and then subsequent meetings regularly?

Education:

• High school or equivalent (Required)

Experience:

• Finance & Accounting: 2 years (Preferred)

Work Location: In person