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Main Street Bank · 1 month ago

Commercial Loan Processor

Canfield, OH

Full-time

Onsite

Mid Level

3+ years exp

Main Street Bank is a growing community bank committed to serving local communities, customers, and businesses. The Commercial Loan Processor is responsible for managing and preparing all required documentation related to commercial loan transactions, ensuring compliance with policies and regulations while facilitating smooth loan closings.

BankingFinancial Services

H1B Sponsor Likely

Responsibilities

Prepare, review, and organize all documentation for commercial loan transactions, including loan agreements, collateral documents, and closing statements

Verify that all required documents are complete, accurate, and meet investor guidelines and regulatory standards

Ensure timely collection of documents from borrowers, legal counsel, and third-party vendors

Ensure that all commercial loan documentation adheres to internal policies, industry standards, and regulatory requirements

Conduct regular quality checks on loan files to identify and correct discrepancies

Maintain up-to-date knowledge of legal and regulatory changes affecting commercial loan documentation and update processes accordingly

Work closely with loan originators, underwriters, processors, and legal teams to gather necessary documentation and resolve issues

Serve as a liaison between internal stakeholders and external parties (e.g., attorneys, title companies, appraisers) to ensure smooth documentation flow

Provide clear communication and updates on documentation status to management and team members

Organize and maintain electronic and physical files for all commercial loan transactions, ensuring secure and easily retrievable records

Prepare regular reports on documentation progress, quality, and compliance metrics for senior management review

Assist in audits and regulatory examinations by providing accurate and comprehensive documentation records

Identify opportunities to streamline documentation processes and improve turnaround times

Assist in the development and implementation of best practices, standard operating procedures, and technology solutions to enhance efficiency

Participate in ongoing training and professional development to stay current with industry trends and regulatory requirements

Qualification

Commercial loan documentationRegulatory complianceDocument management softwareMicrosoft Office SuiteAttention to detailCommunication skillsOrganizational skillsProblem-solving skillsInterpersonal skills

Required

Minimum of 3 years of experience in commercial loan documentation, loan processing, or a similar role within a banking or financial services environment

Experience working with commercial loan products, legal documentation, and regulatory compliance

Preferred

Strong attention to detail and excellent organizational skills

In-depth understanding of commercial lending documentation requirements, including legal and regulatory standards

Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams

Proficiency in Microsoft Office Suite and familiarity with loan processing and document management software

Ability to manage multiple priorities and meet deadlines in a fast-paced environment

Demonstrated problem-solving skills and the ability to work independently

Associate's or bachelor's degree in business, finance, legal studies, or a related field is preferred

NMLS preferred

Benefits

Competitive pay

Generous time off

Amazing teammates

Company

Main Street Bank

Main Street Bank Corp. 151 North Market Street Wooster, Oh 44691 Your Neighbors Serving You.

Founded in 1899

Wooster, Ohio, USA

51-200 employees

https://www.waynesavings.com

H1B Sponsorship

Main Street Bank has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (1)