Commercial Loan Processor
Dexian, Santa Rosa, CA, United States
Salary Range:
$70,000 - $72,000 Annual Base Salary
Department:
Loan Operations
Position Overview The Commercial Loan Processor is a critical support role within the Loan Operations department, responsible for the end-to-end processing of a diverse portfolio of Commercial Loans, Standby Letters of Credit, and Construction loans.
This individual serves as the central hub between Loan Officers, borrowers, and third‑party vendors (title companies, attorneys, insurance agents), ensuring that all loan files are documented, compliant, and ready for underwriting and closing. The ideal candidate brings strong technical knowledge of loan documentation, a deep understanding of compliance regulations, and the ability to manage complex transaction timelines independently.
Key Responsibilities Loan Processing & Documentation
File Management:
Compile and review required financial and collateral documentation to develop complete loan files for underwriting. Identify missing documentation and work proactively to resolve deficiencies.
Third‑Party Coordination:
Liaise directly with title & escrow companies, attorneys, insurance agents, and construction contractors to obtain necessary endorsements, reports, and verifications.
Construction Lending:
Manage specific requirements for construction loans, including obtaining construction documents, budget reviews, and builder risk insurance.
Closing Management:
Oversee the loan closing process to ensure all conditions are met and documentation satisfies both Bank standards and regulatory requirements prior to funding.
Compliance & Regulatory Oversight
Regulatory Adherence:
Ensure strict compliance with federal and state regulations, including
RESPA, Reg B, OFAC, HMDA, Adverse Action , and
Flood Insurance
guidelines.
Bond Financing:
Apply knowledge of bond financing documentation to relevant credit facilities.
Updates & Reporting:
Manage subsequent updates to loan files and ensure final reports are received and reviewed post‑closing.
Communication & Operations
Stakeholder Relations:
Maintain high‑level service and professional communication with internal teams and external clients to resolve issues and facilitate smooth transactions.
Technology Utilization:
consistently use banking software and portals to track loan progress and manage data integrity.
Continuous Learning:
Attend offsite and onsite training to stay current on evolving lending regulations and Bank policies.
Qualifications
Experience:
Minimum of
4 years
of experience as a Commercial Loan Processor.
Loan Expertise:
Demonstrated experience with
Commercial Loans, Construction Loans, and Standby Letters of Credit . Familiarity with
Bond Financing documentation
is highly preferred.
Technical Skills:
Proficiency in MS Word and Excel is required. Experience with
BakerHill NextGen (CLOS)
and
Fiserv DNA
is highly desirable.
Compliance Knowledge:
Strong understanding of underwriting documentation requirements and closing processes, specifically regarding Flood Insurance guidelines.
Key Competencies:
Excellent organizational skills with the ability to multi‑task and pay close attention to detail. Must be able to work effectively both independently and as part of a collaborative team.
Community Engagement
CRA Volunteer Program:
We value community impact. This role requires a minimum of 10 hours of CRA‑qualified volunteer service annually. Volunteer hours are typically scheduled within business hours and are fully compensable, with mileage reimbursement provided.
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$70,000 - $72,000 Annual Base Salary
Department:
Loan Operations
Position Overview The Commercial Loan Processor is a critical support role within the Loan Operations department, responsible for the end-to-end processing of a diverse portfolio of Commercial Loans, Standby Letters of Credit, and Construction loans.
This individual serves as the central hub between Loan Officers, borrowers, and third‑party vendors (title companies, attorneys, insurance agents), ensuring that all loan files are documented, compliant, and ready for underwriting and closing. The ideal candidate brings strong technical knowledge of loan documentation, a deep understanding of compliance regulations, and the ability to manage complex transaction timelines independently.
Key Responsibilities Loan Processing & Documentation
File Management:
Compile and review required financial and collateral documentation to develop complete loan files for underwriting. Identify missing documentation and work proactively to resolve deficiencies.
Third‑Party Coordination:
Liaise directly with title & escrow companies, attorneys, insurance agents, and construction contractors to obtain necessary endorsements, reports, and verifications.
Construction Lending:
Manage specific requirements for construction loans, including obtaining construction documents, budget reviews, and builder risk insurance.
Closing Management:
Oversee the loan closing process to ensure all conditions are met and documentation satisfies both Bank standards and regulatory requirements prior to funding.
Compliance & Regulatory Oversight
Regulatory Adherence:
Ensure strict compliance with federal and state regulations, including
RESPA, Reg B, OFAC, HMDA, Adverse Action , and
Flood Insurance
guidelines.
Bond Financing:
Apply knowledge of bond financing documentation to relevant credit facilities.
Updates & Reporting:
Manage subsequent updates to loan files and ensure final reports are received and reviewed post‑closing.
Communication & Operations
Stakeholder Relations:
Maintain high‑level service and professional communication with internal teams and external clients to resolve issues and facilitate smooth transactions.
Technology Utilization:
consistently use banking software and portals to track loan progress and manage data integrity.
Continuous Learning:
Attend offsite and onsite training to stay current on evolving lending regulations and Bank policies.
Qualifications
Experience:
Minimum of
4 years
of experience as a Commercial Loan Processor.
Loan Expertise:
Demonstrated experience with
Commercial Loans, Construction Loans, and Standby Letters of Credit . Familiarity with
Bond Financing documentation
is highly preferred.
Technical Skills:
Proficiency in MS Word and Excel is required. Experience with
BakerHill NextGen (CLOS)
and
Fiserv DNA
is highly desirable.
Compliance Knowledge:
Strong understanding of underwriting documentation requirements and closing processes, specifically regarding Flood Insurance guidelines.
Key Competencies:
Excellent organizational skills with the ability to multi‑task and pay close attention to detail. Must be able to work effectively both independently and as part of a collaborative team.
Community Engagement
CRA Volunteer Program:
We value community impact. This role requires a minimum of 10 hours of CRA‑qualified volunteer service annually. Volunteer hours are typically scheduled within business hours and are fully compensable, with mileage reimbursement provided.
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