Candidate Profile #316488
October 16th, 2024Washington – Seattle Area – Commercial Loan Processor
- Years of Related Experience: Three
- Minimum Salary: $70K
- Work Area: Philadelphia, Pennsylvania
- Experience:
- Processes CRE and C&I Loan applications up to $36MM, ensuring compliance with internal policies and external regulatory requirements.
- Processes an average loan size of $10MM.
- Reviews and verifies borrower information, including financial statements, tax returns, credit reports, and other relevant documentation.
- Analyzes business organization documents, including articles of corporation, operating agreements, shareholder agreements, and bylaws.
- Prepares loan files for underwriting, ensuring all necessary documents are included and accurate.
- Orders and reviews preliminary title commitments, surveys, and other necessary documents.
- Trains and mentors new commercial loan processors.
- Coordinates loan closings, ensuring all required documents and funds are obtained and properly executed.
- Prepares commercial loan closing packages, including closing instructions, HUD-1 Settlement Statements, and final executed loan documents.
- Creates and updates compliance policies and procedures.
- Conducts quality control checks on loan files before submission for funding.
- Communicates with borrowers, providing updates on the status of their loan applications and addressing any inquiries or concerns.
- Reference #: 316488
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