COMMERCIAL LOAN PROCESSOR SKILLS, EXPERIENCE, AND JOB REQUIREMENTS
Published: July 26, 2024 - The Commercial Loan Processor handles commercial loan processing with prior experience and a deep understanding of financial and collateral documentation required for underwriting. The application of technical skills in Microsoft Word and Excel, along with a thorough knowledge of loan closing processes and flood insurance guidelines. Familiarity with regulatory and legal compliance, and proficiency in navigating standard loan operation practices.
Essential Hard and Soft Skills for a Standout Commercial Loan Processor Resume
- Financial Analysis
- Underwriting Knowledge
- Loan Documentation
- Regulatory Compliance
- Microsoft Excel
- Risk Assessment
- Credit Evaluation
- Data Entry
- Document Management Systems
- Commercial Lending Policies
- Attention to Detail
- Problem Solving
- Effective Communication
- Time Management
- Client Relations
- Team Collaboration
- Adaptability
- Decision Making
- Negotiation Skills
- Organizational Skills
Summary of Commercial Loan Processor Knowledge and Qualifications on Resume
1. BA in Finance with 2 years of Experience
- Experience in loan processing
- Demonstrated knowledge of products, policies, procedures, and regulations.
- Knowledge of loan origination systems
- Understanding of and ability to apply Lean Management Principles
- Thorough understanding of the entire loan process, all loan products and services.
- Ability to work on multiple transactions simultaneously and meet service-level turnaround deadlines.
- Ability to work independently and demonstrate strong problem-solving skills.
- Strong communication skills, both verbal and written
- Ability to work effectively with colleagues, customers, and third-party vendors to exercise good judgment and solve problems independently.
- Able to navigate difficult conversations, including times of disagreement, to achieve a positive outcome.
2. BA in Business Administration with 3 years of Experienc
- Have previous banking, loan processing/closing experience
- Experience in processing SBA 7a and/or commercial loans (CRE, C&I, Construction)
- Experience in nCino or similar loan processing systems
- Must possess excellent organizational, communication, writing, and customer service skills
- Ability to handle multiple projects and assignments while delivering quality work product
- Proficient in Microsoft Suites
- Base knowledge of tax returns and various types of financial statements
- High level of responsiveness to internal and external customers
- Willingness to go above and beyond to close the deal, taking extra steps if necessary to ensure completeness and a smooth process for all.
- Proficient in Microsoft Word, Excel, and internal software programs and processes.
3. BA in Economics with 4 years of Experience
- Have commercial lending or mortgage lending closing and documentation experience.
- Familiarity with commercial or residential mortgage due diligence processing.
- Familiarity with rules and regulations as concerns commercial lending.
- Understanding of commercial and residential appraisals and environmental assessments including FIRREA, USPAP, CERCLA, and the All-Appropriate Inquiries Rule.
- Understanding of collateral perfection including mortgages, titled vehicles, or equipment, and UCC liens.
- Experience interacting with borrowers, title attorneys, and other third parties involved in closing, prep, and execution of mortgages.
- Strong organizational and customer service skills
- Ability to work in a team environment, conscientiousness related to work, openness to learning
- Strong verbal and written communication skills.
- Requires critical thinking skills and multitasking
4. BA in Accounting with 2 years of Experience
- Strong organizational skills with attention to detail
- Possess the initiative to work in an independent and reliable manner
- Ability to work closely with other internal departments to process and close a loan promptly
- Strong customer service skills in person, via electronic communication and phone
- Proficient in Microsoft Word, Excel, Outlook and database management
- Preference to candidates with educational or work experience in finance, real estate, or associated fields
- Strong organizational skills and detail-oriented
- Eager to learn are encouraged and the ability to prioritize and multi-task
- Strong preference for previous real estate experience (single-family or multifamily) and/or LIHTC, Bank, FHA HUD, and Agency experience
- Ability to define problems, collect data, establish facts and draw valid conclusions.
5. BA in Real Estate with 3 years of Experience
- Ability to think critically and find alternative solutions.
- Proficient with or the ability to quickly learn loan processing software or other lending systems.
- Proficient with Microsoft Office Suite or related software.
- Responsible to the AVP Commercial Loan Processor Supervisor for the fulfillment of functions
- Will have contact with customers and bank staff regularly
- Accuracy and attention to detail and ability to multitask and stay focused
- Strong communication and phone skills, confidentiality and basic computer skills
- Experience with software systems such as Navigator, ComplianceOne, Microsoft Office, and Director
- Basic Accounting knowledge
- Strong computer skills including experience with Microsoft Word & Excel/Google Suite.
6. BA in Finance with 3 years of Experience
- Must have excellent verbal and written communication skills
- Excellent interpersonal skills with the ability to discuss complex loan scenarios.
- Ability to work on deadlines with great attention to detail.
- Proactive and independent with the ability to take initiative.
- Excellent time management skills with a proven ability to meet deadlines.
- Must be detail-oriented and results-driven
- Prior experience with residential or commercial loan processing or underwriting
- Prior experience working in a customer-centric environment which includes direct interaction with clients via email
- Attention to detail and strong organizational skills to prioritize workloads and maintain workflow.
- Experience with Microsoft software, including MS Excel and MS Word.
7. BA in Business Administration with 4 years of Experience
- Experience in commercial banking/lending; SBA lending
- A high level of analytical skill to assess and evaluate loan risk, credit limitations, and appraisals.
- Thorough understanding of underwriting and financial data
- Ability to communicate effectively with all team members
- Represent the Bank and subsidiary companies in a positive manner
- Understands business and agricultural loan structures.
- Strong written and verbal communication skills.
- Have prior experience at a financial institution
- Ability to handle the heavy volume of transactions and multiple tasks
- Ability to read complex loan agreements to determine appropriate documentation.
- Be detail-oriented with strong organizational, computer, communication, and interpersonal skills.
8. BA in Economics with 5 years of Experience
- Prior experience as a Commercial Loan processor.
- Knowledge of all required financial and collateral documentation for underwriting and understanding of applicable lending compliance regulations.
- Good technical skills including proficiency with Word and Excel programs.
- Knowledge of loan closing processes including flood insurance guidelines.
- Familiarity with standard concepts, practices, and procedures within the loan operations area
- Have commercial processing experience
- Knowledge of regulatory, legal, and bank regulation
- Experience in banking, financial services, or office environment
- Have commercial Loan processing and customer Services/liaison experience
- Strong in Microsoft Word and Excel