Commercial Loan Processor

Description

Since our founding in 1927, our employees have been the main reason for The Equitable Bank’s success. We are a local bank with strong ties to the communities where our branches are located. Our culture is inclusive, and our work environment is collaborative, friendly, and growth oriented. We pride ourselves on offering our customers personalized service and financial guidance to help navigate ever-changing life events.

We are currently seeking a Commercial Loan Processor. This is a full-time position scheduled for Monday – Friday, 8:30 am – 5:00 pm, however, the ability to work additional hours/overtime during periods of peak volume, and based on other departmental needs, is required.

Essential Duties and Responsibilities:

Loan Processing (Primary Function – ~70%):

• Review and process commercial loan applications from initial intake through closing.
• Coordinate with lenders, underwriters, inter-bank departments, customers, attorneys, title companies, and other stakeholders to collect required documentation.
• Order and track third-party reports (appraisals, environmental reports, UCC searches, etc.).
• Prepare loan closing packages, commitment letters, and internal forms.
• Ensure accurate and timely data entry into the bank’s loan origination system.
• Maintain documentation checklists and follow up on outstanding items to ensure loan files are complete.

Loan Servicing Support (Secondary Function – ~20%):

• Process loan renewals, extensions, modifications, and annual reviews in coordination with the lending team.
• Perform file maintenance and documentation tracking for commercial loan portfolios (future duty).

Administrative Support to Lenders (Secondary Function – ~10%):

• Monitor tickler reports and follow up on required documents.
• Compile customer information for relationship reviews, cross-sell opportunities, and CRM updates (future duty).

Benefits:

• 401(k) with 4% dollar-for-dollar employer match
• Paid time off
• Bank paid life insurance at four times your annual salary
• Medical, dental, vision insurance 
• Flexible spending and childcare accounts (FSA) 
• Personal banking and loan benefits

Requirements

Job Skills:

• Minimum 2 years of experience in commercial loan processing or servicing; community banking experience strongly preferred.
• Familiarity with loan documentation, regulatory requirements, and standard banking practices.
• Strong organizational and time management skills with high attention to detail.
• Excellent communication and interpersonal skills.
• Proficiency in Microsoft Office (Word, Excel, Outlook); experience with loan origination and core banking systems, preferably LaserPro and Fiserv-Cleartouch.
• Ability to maintain confidentiality and work in a team-oriented environment.

Education Requirements:

• High school diploma or equivalent required; Associate’s or Bachelor’s degree in business or finance preferred, but not required.

The Equitable Bank is an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital or parental status, military service or status as a covered veteran in accordance with applicable federal, state and local laws. The Bank will also not discriminate based on arrest or conviction record unless considered to be a bona fide occupational qualification.