The Commercial Loan Processor is responsible for receiving and processing new commercial loan submissions; and for providing daily administrative support to the Lender; including ordering required documents necessary to process loans, documentation preparation,
maintaining the loan file, and coordinating the closing of the loan within a specified time frame.
Duties & Responsibilities
Prepares accurate commercial loan documents in a timely manner
Handles internal and external customer inquiries, questions, and/or concerns in a professional manner
Orders the required documents (such as titles, appraisals, loan disclosures, obtains payoffs & releases, credit reports, required certificates & insurance) necessary to complete the loan file
Previews loan files for completeness, accuracy, and ensures they are within compliance standards
Processes loan files for closing and/or mails the adverse action notices to borrowers as requested by the lenders
Schedules loan closings for lenders as requested
Ensures documentation is maintained by performing file maintenance on a routine basis
Provides weekly and monthly reports to Lenders and senior management as requested
Performs other duties as assigned
Education & Work Experience Requirements
A Bachelor degree in a related field along with a minimum of 1 year experience performing loan processing functions is preferred.
Mental & Physical Requirements
Ability to sit/stand/kneel/bend/for extended periods of time and lift up to 20 lbs occasionally, ability to analyze and resolve problems, possess strong time management skills, flexibility to multi-task, attention to detail is critical.
Possess proficiency with Microsoft Office products, proficiency with LaserPro is preferred but not required, strong oral and written communication skills.
Equal Opportunity Employer – State Street Bank offers equal employment opportunities, regardless of race, religion, national origin, sex, age, sexual orientation, disability or military status. This commitment is applied to every facet of employment, including recruiting, training, transfers, compensation, promotions and other terms and conditions of employment.