A Commercial Loan Processor takes responsibility for receiving and verifying the information relating to business loan applications. A well-crafted Commercial Loan Processor Resume indicates the following duties and responsibilities – overseeing paperwork and the administrative processes; analyzing the applicant’s information to discern the risks of the loan; compiling the necessary documents; taking charge to ensure that there are no errors; performing initial interviews, clarifying questions, and soliciting further data; and training new employees.
Most of these posts require a high school diploma, while some require some college coursework. As this is a commercial lending sector, the Loan processors are expected to have a thorough knowledge of business accounting and financial principles; and be proficient with financial software. This career also requires strong communication and negotiation skills. The ability to work under minimum supervision is crucial to this post.
Objective : Over 14 years of work experience as a Commercial Loan Processor with financial institutions in examination and evaluation of mortgage and commercial loan applications.
Skills : Accounting, Budgeting, Loan processing.
Description :
Analyzed submitted data associated with loan packages for accurateness and completeness.
Performed assigned tasks in collaboration with high-efficiency AFS Relationship Process transactions and Credit Officers.
Provided assistance for the review of data integrity and provided necessary corrections.
Established and evaluated every file for incoming loans to assure it had all details as required for loan processing.
Ensured to have sources of communication open always with a lending officer.
Received commercial loans and prep the documents received before scanning them.
Used citizen, ARM, and AFS on a daily basis to complete the necessary work that needs to be done.
Prepared essential general ledger and loan entries to input relevant data.
Experience
2-5 Years
Level
Junior
Education
B.S In Finance
Commercial Loan Processor Resume
Headline : Seeking a position as a Commercial Loan Processor for an organization that will help to apply relevant knowledge of mortgage companies and financial institutions in order to assist clients effectively.
Processed new, workout, and modification loan files according to Bank policies from application to boarding.
Prepared a needs list consisting of outstanding items needed to submit files for underwriting.
Pulled and Reviewed credit reports, Westlaw reports, and UCC filings.
Ordered property inspections and/or valuation updates on real estate collateral per Bank policy.
Filed UCC's and familiar with various UCC requirements.
Familiared with the bank's insurance requirements.
Reviewed important loan details soon after completion of the workday before.
Experience
5-7 Years
Level
Executive
Education
GED
Commercial Loan Processor Resume
Objective : To work in a challenging Commercial Loan Processor position, in a professional environment, providing opportunity for company growth and career advancement.
Skills : MS Office, Loan Portfolio, Property Appraisals.
Description :
Performed preliminary underwriting analysis and notified the customer of needed documentation.
Typed loan documents for customers to sign, recorded the same, and checked for accuracy.
Received car and mortgage payments applied to loans, balanced the daily record, Received wire transfers for loans, and sent out wire transfers for participation loans.
Cut checks for refunds for overpaid accounts when the payoff was applied to the loans.
Kept track of the collateral for loans and made sure all collateral was in the collateral vault.
Put holds on CD's and released hold when loans paid off.
Made sure all mortgages were accurate and recorded correctly.
Followed up with the county recorder's office to be sure we received recorded documents back in a timely manner.
Experience
0-2 Years
Level
Entry Level
Education
B.S In Finance
Commercial Loan Processor Resume
Objective : Seeking a Commercial Loan Processor position with an organization that allows utilizing my previous work experience to perform moderate to complex business tasks and that falls in order with my future career goals.
Reviewed loan documentation i.e., credit reports, credit applications, (S.O.S) Secretary of State, approval letter from the funding source, legal land, invoices, etc.
Run amortization schedules to verify monthly payments and commission due.
Ensured that the total finance amount approved is calculated correctly and is within the percentage range when time due for prefunding and final funding.
Reached out to credit and sales representative if there are in discrepancy findings in the approval so that information can be updated accordingly.
Verified that all loans meet the requirement for each approval from the funding source and jobber.
Generated all documents related to the loan based on titles and signers of loans utilizing the bank's processing system.
Processed vendors deposit, UCC filings, etc., mail documents to customers.
Provided follow up on all loan documentation, invoices, insurance, etc.
Experience
0-2 Years
Level
Entry Level
Education
Diploma In Finance
Commercial Loan Processor Resume
Headline : As a Commercial Loan Processor with over 5 years of experience is responsible for booking and funding new and renewed loans and posting payments and advances on loans, assisting customers with questions and loan payoffs.
Processed general ledgers, journal entries, ACH payments, and checks into the computer system.
Reconciled month-end and quarterly reports, balance individual and group blotters using excel spreadsheets, contact and resolve loan payments issues with bank officers and lending assistants via email and telephone, cut, and distribute checks to customers.
Contacted customers for the status of payments and for issues.
Received, collected, and processed checks from customers, process payments via wires and lockbox.
Cleared reports of under/overpayments.
Reversed payments due to errors and made adjustments.
Experienced in closing Credit DDA accounts on month, quarter, and year-end basis.
Experience
5-7 Years
Level
Executive
Education
GED
Commercial Loan Processor Resume
Summary : To bring your organization enthusiasm, dedication, responsibility and a good work ethic combined with a desire to utilize my skills obtained through experience.
Skills : Microsoft Office, Customer service, Process Improvement.
Description :
Prepared loan documents, ensuring efficient and timely closings.
Input new and renewed commercial, construction loans, mortgage loans, and consumer loans into the processing system.
Reviewed systems and documented for errors and provided corrective action on loan before closing.
Processed mortgage, consumer, construction, and commercial collateral filings and releases.
Balanced and managed 20 construction loan accounts per month.
Contacted customers regarding audit items, expiration dates of personal financial statements, and annual tax returns.
Managed floor plans for dealerships.
Manually balanced ledgers following branch acquisition and modification of credit administration and GL systems; completed tasks within one week, saving money and ensuring financial information accuracy.
Experience
10+ Years
Level
Senior
Education
High School Diploma
Commercial Loan Processor Resume
Headline : Over 6 years of experience as a Commercial Loan Processor with responsibilities that include supporting all commercial loan documentation and closing functions, while exercising quality control oversight in the execution of all duties and providing stellar communication and anticipate client's needs.
Prepared all required loan and collateral documentation.
Ensured the timely resolution of any problems prior to closing and working within established departmental standard deadlines.
Collected all documents needed to ensure the closing of different types of loans like ordering credit reports, certificates of good standing, articles of incorporation, and flood certifications.
Analyzed loan documentation requirements in order to detect incomplete, insufficient, or questionable information.
Followed up on questionable items to obtain additional information and bring to resolution.
Responsible for the integrity of loan input through documentation system including accurate CRA information, compliance, etc.
Responsible for ensuring that regulatory disclosure is given to the customer.
Organized loans into the filling system for regulatory and compliance with the highest standards adherence.
Experience
5-7 Years
Level
Executive
Education
Diploma In Finance
Commercial Loan Processor Resume
Objective : Seeking for a position working with people that are strong in teamwork and career that is fast-paced, rewarding, and constantly challenging me.
Processed commercial loan notes via bank's computer system from documents prepared by the loan officers; Proofread for accuracy and completeness and edit as needed.
Prepared general correspondence to accompany the note; forward to a loan officer for loan closing; prepared commercial loan file.
Processed commercial loan extensions and forward them to a loan officer.
Processed new UCC filings; tracked UCC information; checked tickler file periodically to process paperwork in a timely manner regarding continuations.
Received financial statements and enter required data into tracking spreadsheets; communicates with a loan officer regarding financial statements that are pending.
Tracked collateral information to guarantee the bank's status in perfecting liens.
Tracked and filed all Uniform Commercial Code (UCC) filings. Prepared various monthly and quarterly loan reports.
Complied with all banking regulations, policies, and procedures.
Experience
0-2 Years
Level
Entry Level
Education
A.S In Accounting
Commercial Loan Processor Resume
Objective : An experienced Commercial Loan Processor seeking a position with a well-respected company was to use my professional administrative skills to be a team player and team leader while expanding knowledge and skills.
Processed a large pipeline of commercial loans weekly for the largest commercial lender.
Provided in-depth analysis of all confidential documentation to analyze the risk of fraud by reviewing and qualifying financial information.
Requested, reviewed, analyzed, and processed credit report, title work, loan payoff, mortgage history, employment history, financial statements, property insurance, environmental insurance, appraisals, and all types of real estate contracts.
Modernized pipeline every three days to include the status of loan events, anticipated date of closing, receipt of loan conditions, and documentation of conversations with all parties involved.
Supported brokers and borrowers with final loan terms.
Scheduled closing date with Title Company.
Prepared approved loan package/documentation to the broker for review and closing department within the deadline.
Experience
2-5 Years
Level
Junior
Education
Certificate In Finance
Commercial Loan Processor Resume
Objective : As a Commercial Loan Processor performed a post-closing review of loans for documentation requirements and cites exception items in the collateral tracking system. Assisted Loan Officers and Loan Assistants with documentation requirements and exception resolution.
Skills : Microsoft Office, Customer Service, Outlook Express, Sales.
Description :
Served in an administrative clerical capacity for the commercial lending division.
Worked with assigned lenders and the documentation team.
Ordered loan documents; Created loan files in accordance with department policy.
Ordered items to complete the file; maintained a tracking system for insurance; business and financial information including borrower base certificates, Profit and Loss Statements Tax Returns, and other pertinent information.
Performed support activities related to the commercial loan file maintenance record retention program i.e. scanning of new and paid off loan documents.
Handled all outgoing wire transactions domestic and international.
Helped loan customers with various inquire regarding the status of their loan.
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