Jobot · 1 day ago

Commercial Loan Processor

Baltimore, MD

Full-time

Remote

Entry Level

$63K/yr - $90K/yr

2+ years exp

Maximize your interview chances

Artificial Intelligence (AI)Recruiting

Growth Opportunities

Insider Connection @Jobot

Discover valuable connections within the company who might provide insights and potential referrals.
Get 3x more responses when you reach out via email instead of LinkedIn.

Responsibilities

Maintain the commercial backlog and funding report

Work with lenders, credit analysts, and borrowers to obtain documents required to underwrite and thereafter close loans.

Organize loan files, prepare and maintain needs lists, and follow up as required to ensure receipt of all necessary documentation.

Track for receipt of commitment letters and loan conditions.

Coordinate final preparation of loan documents and closing procedures with title officers and closing attorneys. Complete pre-closing quality control and funding checklist and loan setup sheet for booking.

Review residential appraisals for 1-4 family properties.

Monitor and complete HMDA and CRA tracking sheets.

Engage outside construction inspectors, set up construction files, title updates and monitor advances.

Monitor for receipt of appraisals, environmental reports, physical inspection reports, preliminary title reports, credit reports and other third party reports to ensure timely receipt.

Maintain a high level of quality control and adhere to State, Federal and Bank regulatory and Loan Policy requirements.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

Loan Processing ExperienceLoan ProductsLoan Origination SystemsLean Management PrinciplesMicrosoft WordMicrosoft Excel

Required

High School diploma or GED required.

Minimum of two years loan processing experience with demonstrated knowledge of products, policy, procedures, and regulations.

Thorough understanding of the entire loan process, all loan products and services.

Ability to work on multiple transactions simultaneously and meet service level turn around deadlines.

Ability to work independently and demonstrate strong problem-solving skills.

Strong communication skills, both verbal and written, with the ability to work effectively with colleagues, customers, and third party vendors to exercise good judgement and solve problems independently.

Attention to detail and strong organization skills to prioritize workloads and maintain work flow.

High level of responsiveness to internal and external customers; willingness to go above and beyond to close the deal, taking extra steps if necessary to ensure completeness and a smooth process for all.

Proficient in Microsoft Word, Excel, internal software programs and processes.