Loan Processor - Support

We are looking for a detail-oriented Loan Processor - Support team member to join a Financial Services team in La Grange, Illinois. This Long-term Contract position focuses on supporting commercial loan processing activities from due diligence through closing, booking, and post-closing follow-up. The ideal candidate will bring strong organizational skills, sound judgment, and the ability to manage multiple transactions while maintaining accuracy and service excellence.

Responsibilities:
• Initiate and coordinate pre-closing due diligence by reviewing approved loan packages and ordering required searches, reports, certifications, and lien-related documentation.
• Maintain an active portfolio of loan files by updating tracking tools, organizing digital records, and ensuring documents are properly stored in shared electronic systems.
• Work closely with lenders and title partners to move commercial loans to closing, confirming that title conditions and required documentation are satisfied in advance.
• Perform final reviews of closing documents, assemble complete funding packages, and submit booking information once transactions are ready for system entry.
• Prepare closing-related disbursement requests, including wire instructions, while helping ensure accuracy and completeness of supporting documentation.
• Monitor post-closing and exception items through regular reporting, following up on recorded documents, insurance or policy requirements, and any outstanding conditions.
• Track ongoing credit administration items such as letters of credit and organizational filings, including renewals and continuation deadlines.
• Respond to operational and servicing requests from internal teams and external partners, including monetary and non-monetary loan activity, while helping resolve issues efficiently.
• Support debit and credit processing with an understanding of general ledger impact, and contribute to team collaboration, training efforts, and coverage during high-volume periods.
• Carry out daily work in accordance with regulatory standards, internal controls, and bank policy requirements while assisting with additional departmental needs as assigned.

Qualifications:

• Experience supporting loan administration, loan processing, or commercial lending operations within a financial services environment.
• Working knowledge of commercial loan due diligence, documentation review, closing coordination, and post-closing follow-up activities.
• Strong attention to detail with the ability to analyze information, identify discrepancies, and solve problems effectively.
• Proven ability to manage competing deadlines in a fast-paced setting while maintaining accuracy and a high level of customer service.
• Clear written and verbal communication skills, with the ability to collaborate effectively across lending, operations, and external partners.
• Proficiency in Microsoft Word and Excel, along with the ability to learn loan platforms and data processing systems quickly.
• Basic understanding of accounting concepts and general ledger activity related to loan transactions.
• Background in mortgage processing, mortgage closing, loan origination, or related lending support functions is preferred.

Compensation

$28.50-$33.00 Hourly

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