Patelco Credit Union · 18 hours ago
Senior Commercial Loan Processor
Dublin, CA
Full-time
Onsite
Senior Level, Lead/Staff
$41.29/hr - $41.29/hr
8+ years expPatelco Credit Union is a not-for-profit credit union dedicated to building financial health and wellbeing for its members. The Senior Commercial Loan Processor will support the credit union’s commercial lending function by managing loan files from intake through funding, ensuring compliance and quality in documentation.
Financial Services
Responsibilities
Loan File Intake, Processing, and Pipeline Management
Own assigned commercial loan files from application/intake through funding, ensuring complete and accurate documentation and clear status visibility
Establish and maintain digital loan files using required filing and naming conventions, including document stacking order/organization and version control
Request, collect, track, and review borrower/guarantor documentation (financials, entity docs, insurance, rent rolls, leases, etc.) for completeness and consistency; follow up proactively to clear missing items
Maintain pipeline updates, ticklers, and key milestone tracking; communicate status and needs to internal partners
Underwriting Partnership and Conditions Clearing
Partner with Underwriting to package files for analysis and decisioning; resolve documentation gaps and discrepancies
Track approval terms and closing/funding conditions, driving timely follow-up and documenting condition clearance
Prepare summaries and internal checklists as needed (e.g., conditions checklists, document request lists)
Thoroughly reviews third party documents such as SNDAs, leases, and corporate documents to make recommendations to the Manager and Loan Officers to ensure soundness of the transaction
Third-Party Due Diligence & Vendor Coordination
Order, track, and organize third-party reports as directed, including (as applicable): title products, appraisals, environmental reports (Phase I/II, etc.), flood determinations, UCC searches/filings, property condition/seismic reports, and other due diligence items
Coordinate with vendors, third-party management partners, and internal stakeholders to meet turn times and resolve issues
Serve as a primary point of coordination with title/escrow, appraisal, and environmental providers to support closing readiness. (Commercial loan processor roles commonly include ordering/organizing these third-party items.)
Closing, Documentation, and System Boarding
Prepare and/or support documentation preparation, as assigned, to ensure loan documents reflect approved terms and accurate borrower/entity information
Communicates with internal compliance and outside counsel with Manager’s approval to obtain legal guidance for documentation purposes for complicated loan structures, as applicable
Validate required closing items are present (executed docs, insurance, title/recording, etc.) and properly imaged/indexed in the file
Board/Book loans in the core system and related lending systems (e.g., LOS/servicing platform) with accurate monetary terms, collateral data, rates, fees, payment details, and ticklers
Prepare and coordinate funding requests and wires in accordance with internal procedures, approvals, and separation-of-duty requirements
Funding, Post-Funding File Quality, and Audit Readiness
Support funding execution and post-funding file completion (final docs, trailing items tracking, imaging completion)
Assist with periodic internal reviews, examinations, and audits by producing complete, well-organized files and clear evidence of condition clearance and due diligence
Contribute to process improvement: templates, checklists, naming conventions, and pipeline discipline as the program scales
Accounting Support (Limited/Operational)
Perform minor reconciliations and operational accounting support related to fees, invoices, vendor payments, and funding balance checks, as assigned
Compliance & Controls
Follow credit union policies/procedures and applicable lending laws/regulatory expectations
Maintain confidentiality of member and borrower information
Support strong internal controls, including accurate documentation, evidentiary notes, and adherence to approval authorities
Perform other duties as assigned
Relationships and Internal Collaboration
This role works closely with: Commercial Loan Officers/Originators, Underwriters/Credit Administration, Servicing, Accounting/AP, and third-party vendors (title/escrow, appraisal, environmental)
Qualification
Required
8+ years' experience loan processing (combination of consumer, mortgage and/or commercial)
5+ years' commercial experience
Strong analytical skills, including the ability to evaluate strategies, solve problems, prioritize activities, and make effective use of resources
Good written and verbal communication skills, including the ability to listen effectively, present ideas clearly, concisely and in an organized manner
Demonstrated experience managing files end-to-end with high documentation accuracy and time-sensitive follow-up
Practical knowledge of commercial loan due diligence items (title, appraisal, environmental ordering/tracking and how they impact closing readiness)
Strong proficiency with document management and Microsoft Office
Preferred
Bachelor's degree
Knowledge of commercial regulatory statutes, and lending compliance
Commercial loan processing/closing support experience
Benefits
Exceptional Medical, Dental, Vision, and Life Insurance benefits
Onsite fitness center at HQ and rewards for completing wellness related activities
Competitive compensation packages with bonus opportunity
401(k) with 3% Safe Harbor and 5% employer match
Discounts on loan products
Tuition reimbursement
Employee Assistance Program (EAP)
PTO for part-time and full-time positions
Paid holidays
On-the-job training and skills development
Internal transfer opportunities for career growth
Volunteer work
Flexible work arrangements available for specific positions
Company
Patelco Credit Union
Patelco was originally started to serve the financial interests of the employees of a specific organization, in their case the Pacific
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Erin Mendez
CEO/President
Recent News
2025-11-25
2025-07-22
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