Commercial Loan Processor I
1st Summit Bank, Johnstown, PA, United States
Essential Functions
Supports the processing and coordination of commercial loan transactions. Verifies loan terms and approval conditions are properly documented. Ensures required financial information is obtained based on the nature of the request. Prepares attorney instruction letters. Coordinates closing timelines with Loan Officers, attorneys, and other involved parties. Assists in preparing loan files for closing, ensuring all required documentation is in place. Identifies and resolves issues that may delay loan processing or approval. Coordinates with internal and external partners to support loan processing, including ordering and reviewing third‑party reports such as appraisals, title reports, environmental assessments, flood certifications, good standing searches, etc. Contacts insurance companies to verify coverage and lienholder information. Communicates with Loan Officers, customers, attorneys, and third parties to obtain required information. Follows up on outstanding items to ensure timely loan processing and closing. Performs documentation review and file maintenance; reviews loan files to ensure accuracy, completeness, and compliance with approval terms. Identifies missing or incomplete information and follows up as needed. Maintains organized and complete loan files in accordance with bank policies and regulatory requirements. Completes commercial loan processing worksheets and updates internal tracking systems. Supports credit and reporting processes; assists with gathering information for Credit Committee and Board reporting, and provides requested reporting and tickler tracking for loan documentation and exceptions. Provides general support to the Commercial Loan Department; responds to routine inquiries from Loan Officers, customers, and internal staff regarding loan balances, payoffs, and account information. Required Skills / Abilities
Strong attention to detail and organizational skills. Effective written and verbal communication skills. Ability to manage multiple tasks and meet deadlines. Ability to follow established procedures and work both independently and within a team. Strong problem-solving skills and ability to identify missing or inconsistent information. Proficiency in Microsoft Office Suite (Word, Excel) or similar software. Ability to handle confidential information with professionalism and discretion. Supervisory Responsibilities
This position does not supervise employees. Education And Experience
High school diploma or equivalent required; associate or bachelor’s degree in business, finance, or related field preferred. 1–3 years of commercial loan processing, loan operations, or related banking experience required. Basic knowledge of commercial loan documentation and underwriting processes preferred. Experience working with financial statements, credit reports, and loan documentation preferred. Notary Public designation preferred or willingness to obtain. Physical Qualifications
Ability to concentrate and perform responsibilities by maintaining a constant state of focus and mental alertness. Ability to lift up to 25 pounds. Ability to communicate in person, through email or via telephone with customers and staff members. Ability to sit or stand for an extended period. Specific vision abilities required by this job may include close vision and the ability to adjust focus. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
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Supports the processing and coordination of commercial loan transactions. Verifies loan terms and approval conditions are properly documented. Ensures required financial information is obtained based on the nature of the request. Prepares attorney instruction letters. Coordinates closing timelines with Loan Officers, attorneys, and other involved parties. Assists in preparing loan files for closing, ensuring all required documentation is in place. Identifies and resolves issues that may delay loan processing or approval. Coordinates with internal and external partners to support loan processing, including ordering and reviewing third‑party reports such as appraisals, title reports, environmental assessments, flood certifications, good standing searches, etc. Contacts insurance companies to verify coverage and lienholder information. Communicates with Loan Officers, customers, attorneys, and third parties to obtain required information. Follows up on outstanding items to ensure timely loan processing and closing. Performs documentation review and file maintenance; reviews loan files to ensure accuracy, completeness, and compliance with approval terms. Identifies missing or incomplete information and follows up as needed. Maintains organized and complete loan files in accordance with bank policies and regulatory requirements. Completes commercial loan processing worksheets and updates internal tracking systems. Supports credit and reporting processes; assists with gathering information for Credit Committee and Board reporting, and provides requested reporting and tickler tracking for loan documentation and exceptions. Provides general support to the Commercial Loan Department; responds to routine inquiries from Loan Officers, customers, and internal staff regarding loan balances, payoffs, and account information. Required Skills / Abilities
Strong attention to detail and organizational skills. Effective written and verbal communication skills. Ability to manage multiple tasks and meet deadlines. Ability to follow established procedures and work both independently and within a team. Strong problem-solving skills and ability to identify missing or inconsistent information. Proficiency in Microsoft Office Suite (Word, Excel) or similar software. Ability to handle confidential information with professionalism and discretion. Supervisory Responsibilities
This position does not supervise employees. Education And Experience
High school diploma or equivalent required; associate or bachelor’s degree in business, finance, or related field preferred. 1–3 years of commercial loan processing, loan operations, or related banking experience required. Basic knowledge of commercial loan documentation and underwriting processes preferred. Experience working with financial statements, credit reports, and loan documentation preferred. Notary Public designation preferred or willingness to obtain. Physical Qualifications
Ability to concentrate and perform responsibilities by maintaining a constant state of focus and mental alertness. Ability to lift up to 25 pounds. Ability to communicate in person, through email or via telephone with customers and staff members. Ability to sit or stand for an extended period. Specific vision abilities required by this job may include close vision and the ability to adjust focus. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
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