A Commercial Loan Processor is needed in Dallas, TX to prepare, verify, and process commercial loan packages for new and renewal loans. The Symicor Group is supporting a financial institution seeking a detail-oriented professional to ensure accuracy and compliance using bank documentation systems, prepare closing documents, and coordinate with loan officers and vendors.
What You'll Do
- Processing commercial loan requests for both new and renewal loans using prescribed procedures and software.
- Making an initial review of the loan approval (Profile), using information available on the loan processing software system and credit file.
- Obtaining required information for underwriting and preparing loan closing documents.
- Preparing all necessary loan documents including Promissory Note, Business Loan Agreement, Construction Loan Agreement, Disbursement Request and Authorization, Resolutions, and Loan Checklist using information from the loan application, profile, and title policy.
- Confirming loan approval authority as defined by bank policy.
- Review and obtain an understanding of the loan transaction from the Loan Profile.
- Determining that initial underwriting documentation is present according to the approval document.
- Reviewing credit files and determining additional documentation needs to support underwriting requirements, such as entity papers, credit reports, purchase contracts, lien searches, title work, appraisal or evaluation, environmental questionnaire, survey, life insurance, and property liability insurance.
- Ordering supporting documentation from approved vendors and working with loan officers or customers as needed.
- Renewal loan processing includes entering the loan into loan software and working with the servicing loan officer to move the approved credit to close.
- Communicating results of documentation review and any processing issues to the loan officer on a timely basis.
- Balancing transactions and preparing all general ledger tickets and cashier’s checks for disbursement.
- Preparing wire forms, wire tickets, and authorizing wires for loan proceeds.
- Processing loan file post-closing, including preparation and delivery of instruction letter and the closing packet to the title company if needed.
- Assisting with additional loan operation roles, as requested or necessary.
What We're Looking For
- High School Diploma or equivalent required.
- Two or more years of experience in commercial loan document preparation and/or document processing.
- Understanding of the required documentation for commercial term loans and lines of credit and the associated collateral documentation.
- Ability to prioritize work on complex loan transactions to meet scheduled loan closing dates.
- Knowledge of compliance requirements for commercial borrowers.
- Knowledge of related state and federal lending and compliance laws and regulations, and other Bank lending policies.
- Highly accurate data entry skills.
- Strong level of skill working with a variety of PC and internet applications.
- Strong multi-tasking, time management, thoroughness, and accuracy skills required.
- Solid communication and organizational skills with a focus on teamwork and cooperation.
- A high level of confidentiality is required.
- Ability to work under deadlines with frequent interruption.
Nice to Have
- Two (2) year degree or higher preferred.
Technical Stack
- LaserPro
- Excel
- Word
- PowerPoint
Team & Environment
The Symicor Group specializes in premium talent acquisition with recruiters who have banking or accounting backgrounds. We are committed to delivering high-quality results for candidates and clients and support professional development and growth.
Benefits & Compensation
- Full benefits package
Compensation: Up to $72,000
Work Mode
This is an onsite position located in Dallas, TX.
We are an equal opportunity employer and value diversity at our organization. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, or veteran status.
