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Commerical Loan Processor

This job is no longer available

Employer
Doherty Top Talent
Posted
Friday, December 14, 2012
Closes
Sunday, January 13, 2013
Location
Job Type
Employment Status
Salary
$18-20/hr

Further information

Top Talent is seeking a FT temp to hire Commercial Loan Processor for a client company located in northern suburb. Pay is $18-20/hr. Hours are M-F, 8-5pm.

Job Duties include but is not limited to:

Prepare Processing Documentation

  • Ordering necessary paperwork to process the credit file.
  • Obtaining necessary background information and supporting documentation for identifying legitimacy of the business and the authorized signers.
  • Review Title Commitment for accuracy and additional requirements.

Prepare Closing Documentation

  • Prepare and send accurate documents to Lender for review.  Handle changes as dictated on the documents.
  • Prepare and forward Closing Instructions and Documents to Attorney, Title Company, and Lender for closing.
  • Prepare and send Servicing Agreement to Lender (if applicable).
  • Assist Credit Analysts/Loan Personnel with contacting Title Company, Borrowers, and Lender to schedule closing date and time.
  • Review Settlement Statement for accuracy.  Communicate any necessary changes with appropriate parties.

Prepare Post-Closing Documentation 

  • Responsible for accurate input of loan data/information and disbursement into the commercial lending computer software system. 
  • Scan, label and upload signed documents to the website.
  • Ensure all titles/liens/UCC filings are correct and filed in a timely manner.
  • Create Loan Servicing File and Guarantor File and place documents in predetermined order.
  • Modify incorrect, non-binding legal loan documentation for accuracy and collateral security.

Loan Operations and Servicing

  • Maintain, update and follow up with commercial loan tickler system to ensure regulatory compliance.
  • Process escrow analysis and remit payments to third parties as needed.
  • Contact appropriate parties to retrieve documents necessary for tickler files to be complete and accurate. 

Requirements:

  • Associate’s degree (A.A.) and min three years related commercial lending experience or equivalent combination of education and experience.
  • Proficient knowledge Microsoft Word and Excel.
  • Experience working with commercial loan servicing software.
  • Familiarity with commercial loan structure.
  • Ability to write routine reports and correspondence.
  • Ability to calculate figures and amounts and demonstrate understanding of the processes.
  • Ability to deal with a problem involving several variables with minimal supervision.

Doherty Top Talent

Doherty Top Talent is a Minnesota-based, full-service employment agency, offering temporary staffing, temp-to-hire, contract and direct-hire placement.