Loan Processor – Commercial Lending – part time JobTinton Falls, NJ 90887

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Why You'll Love This Job

Acts as a Commercial Loan Processor to facilitate closing of commercial loans in a fast-paced high-volume unit. Opens loan files and maintains a checklist of due diligence and other items needed to close. Coordinates the efforts of the Senior Commercial Lending and Sales Lead, member business owners, underwriters, and various third-party vendors and closing agents.


  1. Assist with inquiries for the commercial lending area and direct questions to the appropriate personnel
  1. Set up new loan files
  1. Provide loan applications and/or information, including disclosure documents, to member business owners and prospective member business owners
  1. Scan closing loan documentation and other information into imaging system
  1. Coordinate efforts of all 3rd party vendors, including ordering of their services:
    1. Appraisers
    2. Underwriters
    3. Attorneys
    4. Environmental Engineers
    5. Closing Agents
    6. Servicers
  1. Perform prefunding quality control evaluations and maintain a checklist of items needed to close transactions
  1. Prepare and mail approval and adverse actions letters to applicants
  1. Coordinate closings for commercial loans
  1. Confirm funding amounts and arrange the disbursement of funds
  1. Maintain summaries of the commercial loan pipeline
  1. Prepare files for storage
  1. Contact member business borrowers when follow-up servicing questions or documentation needs arise
  1. Support business development efforts by providing sales materials and answering operational questions that may result in business referrals

Skills & Qualifications

  1. Be able to use a personal computer and standard software applications, such as Microsoft Word and Microsoft Excel
  1. Possess knowledge of local, state, and federal laws/regulatory requirements as related to functional areas including Bank Secrecy Act and processing member transactions
  2. Excellent customer service skills
  3. Stong attention to detail
  4. Organized
  5. Ability to work with deadlines
  6. Ability to work independent of supervisor
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