Commercial Loan Administrator at Servbank

Bourbonnais, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

28 Sep, 26

Salary

48800.0

Posted On

30 Jun, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Commercial Lending Practices, Loan Documentation, Loan Processing, Regulatory Compliance, Customer Service, File Management, Statistical Reporting, Portfolio Management, Time Management, Attention To Detail, Communication Skills, Collaboration

Industry

Financial Services

Description

Description The Commercial Loan Administrator is responsible for managing and processing commercial loan projects. This role involves preparing and reviewing loan documentation, ensuring compliance with regulatory requirements, and maintaining accurate loan records. The ideal candidate will have a strong understanding of commercial lending practices and excellent organizational skills. About Servbank: Founded in 1994, Servbank is a banking institution with local roots and national reach. We were built on a foundation of community-orientation, which ensures that no matter who we serve, we do so with the human touch that marks the gold standard of service. With the addition of Iroquois Federal, founded in 1883 and deeply rooted in Midwest communities, we combine over a century of relationship-based banking with innovative, technology-driven solutions. We work with individuals, businesses, and communities, so that whether you’re a student, a homeowner, a small business owner, or a community leader, we can help you fulfill your goals. Come create excellence with Servbank. Key Responsibilities: Loan Documentation: Prepare and review all necessary loan documentation to ensure accuracy and compliance with company policies and regulatory requirements. Loan Processing: Manage the end-to-end loan process, including application review, approval, and disbursement. Compliance: Ensure all loan packages meet credit conditions and regulatory requirements. Customer Service: Serve as the primary point of contact for borrowers, providing excellent customer service and addressing any inquiries or issues. File Management: Maintain organized and accurate loan files, including all required documentation and correspondence. Reporting: Generate and maintain statistical reports to meet federal regulations and internal reporting requirements. Collaboration: Work closely with underwriters, relationship managers, and other departments to ensure smooth loan operations. Portfolio Management: Assist in the management of the loan portfolio, including monitoring loan performance and addressing any issues that arise. Requirements Experience: Minimum of 3-5 years of experience in commercial loan administration or a related field. Skills: Strong understanding of commercial lending practices. Excellent organizational and time management skills. Proficiency in loan documentation and processing systems. Strong attention to detail and accuracy. Excellent communication and customer service skills. Ability to work independently and as part of a team. Preferred Qualifications: Education: Bachelor’s degree in Finance, Business Administration, Real Estate, or a related field. Experience may substitute for degree. Knowledge of federal and state lending regulations. Certification in loan administration or a related field. Working Conditions: Office environment. Full-time position with standard business hours. EEO Statement: We’re an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

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Responsibilities

The Commercial Loan Administrator manages the end-to-end commercial loan process, including documentation preparation, review, and disbursement. They ensure all loan packages meet regulatory requirements and serve as the primary contact for borrowers.