Chicago, Illinois, United States · On-site
$60k–$70k/yr
Belmont Bank & Trust is seeking an experienced Commercial Loan Processor to join our team. The successful candidate must have a strong understanding of loan processing, excellent organizational skills, and the ability to…
Skills: Loan Processing, Loan Documentation, Regulatory Compliance, LaserPro, Customer Service
Sign up with Clera and we'll reach out the moment a role actually fits you — no more spraying applications into the void.
The Loan Processor assists loan officers in bringing approved loans to funding by coordinating with applicants and third parties. They are responsible for drafting loan documents, managing closings, and ensuring all files comply with bank policies and federal regulations.
A high school diploma and a minimum of two years of experience in loan closing or documentation are required. Proficiency in LaserPro software and strong mathematical and communication skills are highly preferred.
Belmont Bank & Trust is seeking an experienced Commercial Loan Processor to join our team. The successful candidate must have a strong understanding of loan processing, excellent organizational skills, and the ability to manage multiple loan files while ensuring accuracy, regulatory compliance, and exceptional customer service.
Eligible employees will receive medical, dental, and vision insurance, paid time off, paid holidays, retirement savings plans with 6% employer contributions, life and disability insurance, tuition assistance, and professional development opportunities.
The Loan Processor’s primary responsibility is to assist loan officers with bringing approved loans to funding by working closely with loan applicants and third parties, such as appraisers, title companies and attorneys. The Loan Processor ensures the completeness of the loan file and prepares preliminary, closing and renewal loan documents in accordance with the approved terms, bank’s policies, and in compliance with federal and state regulations. The individual often works with little supervision and engages in judgment calls and decision-making.
Essential Duties and Responsibilities:
This position is responsible for, but not limited to, the following:
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.
Education/Experience:
High school diploma or equivalent is necessary. Minimum two years of loan closing/documentation or related experience is required. Experience with LaserPro® or similar loan documentation software is preferred.
Language Ability:
Strong written and verbal skills are necessary. Candidate must be people-friendly with good communicative and interpersonal skills. The individual must be able to respond to inquiries from and be able to coordinate between multiple parties.
Math Ability:
The Loan Processor should be able to calculate interest accrued, pay-off amounts, penalties and percentages, balance closing statements, and apply basic accounting principles as necessary.
Reasoning Ability:
The ability to solve practical problems with many variables, often in situations where only limited standardization exists, is necessary. The Loan Processor must deal with an array of inquiries from other lending personnel, clients, escrow agents, and attorneys. The candidate must read, analyze, and interpret a variety of loan documents, legal entity organizational documents, title and insurance policies, and bank’s internal policies and procedures.
Computer Skills:
Strong PC skills including word processing, spreadsheet, presentation, internet, and internal software are necessary. LaserPro or other loan documentation software experience is preferred.
Certificates and Licenses:
None are necessary.
Supervisory Responsibilities:
No supervisory responsibilities are associated with this position.
Work Environment:
The work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The individual will be required to multi-task, work as a part of a team, and uphold the image of the Bank.
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 frequently required to stand, walk, sit, use hands and fingers to handle, or feel, and talk or hear.
Your Partner In Business
Belmont Bank & Trust was founded in 2006 on the northwest side of Chicago by a group of investors who wanted to establish a community bank that would create value for the neighborhoods and businesses for which it serves. Belmont Bank & Trust combines the responsiveness of a local bank with access to the products and services of a national bank. We offer a suite of products and state-of-the-art technology for both individuals and business owners. This includes internet banking, mobile banking, mobile capture, online bill-pay, remote deposit capture, merchant services, cash management and peer-to-peer payment services. A wide array of lending products are also available such as business loans and lines of credit, owner-occupied and investment commercial real estate mortgages, as well as other financing options to meet customer needs. Our financial expertise and knowledge, coupled with a high-quality, personalized touch creates a legendary customer experience. Our solution-driven, relationship-based approach provides accessibility to decision makers and enhances value through strong partnerships with our customers.
Offices: 8250 W Belmont Ave, Chicago, Illinois 60634, US · 1958 W Division St, Chicago, Illinois 60622, US · 121 W Wacker Dr, Chicago, Illinois 60601, US
Your Partner In Business
Belmont Bank & Trust was founded in 2006 on the northwest side of Chicago by a group of investors who wanted to establish a community bank that would create value for the neighborhoods and businesses for which it serves. Belmont Bank & Trust combines the responsiveness of a local bank with access to the products and services of a national bank. We offer a suite of products and state-of-the-art technology for both individuals and business owners. This includes internet banking, mobile banking, mobile capture, online bill-pay, remote deposit capture, merchant services, cash management and peer-to-peer payment services. A wide array of lending products are also available such as business loans and lines of credit, owner-occupied and investment commercial real estate mortgages, as well as other financing options to meet customer needs. Our financial expertise and knowledge, coupled with a high-quality, personalized touch creates a legendary customer experience. Our solution-driven, relationship-based approach provides accessibility to decision makers and enhances value through strong partnerships with our customers.
Offices: 8250 W Belmont Ave, Chicago, Illinois 60634, US · 1958 W Division St, Chicago, Illinois 60622, US · 121 W Wacker Dr, Chicago, Illinois 60601, US
