Commercial Loan Assistant

Commercial Loan Assistant – To $85K – Lombard, IL – Job # 3494

Who We Are

The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!

We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.

The Position

Our bank client is seeking to fill a Commercial Loan Assistant role located in the Lombard, IL area. The position is responsible for the preparation, accuracy, and completeness of commercial loan packages, using the Bank’s documentation system and procedures. The candidate will be processing and preparing commercial loan products, as assigned.

The opportunity has a generous salary of up to $85K and a full benefits package. (This is not a remote position.)

Commercial Loan Assistant responsibilities include:

• Processing commercial loan requests for both new and renewal loans using prescribed procedures and software.
• Making an initial review of the loan approval (Profile), using information available on the loan processing software system and credit file, obtaining required information for underwriting, and preparing loan closing documents.
• Preparing all necessary loan documents including Promissory Note, Business Loan Agreement, Construction Loan Agreement, Disbursement Request and Authorization, Resolutions, and Loan Checklist using information from the loan application, profile, and title policy.
• Confirming loan approval authority as defined by bank policy; review and obtain an understanding of the loan transaction from the Loan Profile.
• Determining that initial underwriting documentation is present according to the approval document.
• Reviewing credit files and determining additional documentation needs to support underwriting requirements, such as entity papers, credit reports, purchase contracts, lien searches, title work, appraisal or evaluation, environmental questionnaire, survey, life insurance, and property liability insurance.
• Ordering supporting documentation from approved vendors and working with loan officers or customers as needed.
• Renewal loan processing includes entering the loan into loan software and working with the servicing loan officer to move the approved credit to close.
• Communicating results of documentation review and any processing issues to the loan officer on a timely basis.