Commercial Loan Assistant/Processor/Coordinator

A Commercial Loan Assistant, Processor, or Coordinator plays a crucial role in supporting the commercial lending team by handling loan documentation, processing applications, and ensuring compliance with banking regulations. Their responsibilities typically include:

1. Loan Processing & Documentation

• Collecting, reviewing, and verifying loan applications and supporting documents from borrowers.

• Preparing and processing loan documents, including term sheets, promissory notes, security agreements, and guarantees.

• Ensuring all necessary approvals and signatures are obtained before loan closing.

2. Compliance & Due Diligence

• Conducting due diligence on borrowers, including background checks and financial analysis.

• Ensuring compliance with banking policies, regulatory requirements, and loan conditions.

• Reviewing loan covenants and monitoring adherence post-closing.

3. Loan Coordination & Communication

• Acting as a liaison between relationship managers, credit analysts, underwriters, and clients.

• Coordinating with legal, appraisal, and title companies to finalize loan details.

• Communicating loan status updates to internal teams and clients.

4. Loan Funding & Servicing

• Coordinating loan disbursements and ensuring funds are properly allocated.

• Setting up and maintaining loan accounts in the bank’s system.

• Assisting with loan modifications, renewals, and extensions as needed.

5. Administrative & Support Tasks

• Managing loan files, records, and electronic documentation.

• Preparing reports and summaries for senior management or auditors.

• Assisting in special projects, such as portfolio reviews or process improvements.

This role requires strong attention to detail, knowledge of loan processing systems, and excellent communication skills to facilitate smooth loan transactions.