Chicago – Commercial Loan Assistant (106869)

Penny has been a Commercial Loan Assistant for over 20 years and enjoys all elements of commercial, commercial construction and mortgage loan administration.

She is seeking an opportunity with a Chicago area bank.

Penny’s career skills as a commercial loan assistant include:

  • Order commercial loan documents
  • Review closing documents for accuracy
  • Order required due diligence, such as commitment, tract & UCC searches, appraisals, etc.
  • Review title commitments and tract searches to confirm liens and releases for accuracy
  • Coordinate closings with client, loan officer and/ or title company
  • Fund new loans
  • Process principal reductions and commercial loan advances
  • Process domestic and international wires
  • Prepare and/or request payoff letters
  • Research and resolve missing and unapplied payments
  • Ensure final policy has been received on Real Estate loans
  • Assist Loan Officer in decision overdrafts
  • Send renewal and/or maturity notices to customer
  • Send financial request letters to customers
  • Review past due payments report and consult with relationships manager for resolution
  • Contact customers regarding delinquent payments due for collection
  • Answer customer calls and assist with resolving any issue(s) they may have
  • Performed receptionist duties, such as greet clients and direct them to the appropriate personnel
  • Request and mail adverse action letters to customers
  • Scan, fax and file documents

Kindly call Jeanie Maher or Tom Szmanda at 847-325-5457 or email us at: