About Company
Driving success through meticulous execution, Career.zycto empowers financial professionals to reach their full potential within a supportive, growth-oriented environment. We deeply value the precision and expertise commercial loan processors bring to critical financial operations, understanding their pivotal role in economic development. Join a team where your keen eye for detail and unwavering commitment to seamless transactions directly contribute to our clients’ prosperity and our collective achievement, making Career.zycto the ideal place to build a rewarding career and truly make an impact.
Job Description
Are you a highly organized and detail-oriented professional with a passion for precision in financial services? Career.zycto is seeking a dedicated Commercial Loan Processor to join our dynamic team in Milford, Connecticut. In this critical role, you will be instrumental in facilitating the seamless and efficient processing of commercial loans from application to closing. Your expertise will ensure all documentation is accurate, complete, and compliant with regulatory requirements and internal policies. This is an exciting opportunity for someone who thrives in a fast-paced environment, possesses exceptional problem-solving skills, and is committed to delivering outstanding service to our internal and external stakeholders. You will manage a diverse pipeline of commercial loans, collaborating closely with loan officers, underwriters, and clients to ensure a smooth and timely closing process. If you are ready to apply your keen analytical abilities and meticulous organizational skills to support significant commercial transactions, we encourage you to apply and become a key contributor to our continued success.
Key Responsibilities
- Manage a pipeline of commercial loan applications from initial submission through closing, ensuring timely and accurate processing.
- Review loan applications, financial statements, credit reports, and collateral documentation for completeness and accuracy.
- Order and review third-party reports including appraisals, environmental assessments, title searches, and flood certifications.
- Communicate effectively with loan officers, clients, attorneys, and other third parties to gather necessary documentation and resolve discrepancies.
- Prepare comprehensive loan packages for underwriting and closing, ensuring compliance with all internal policies and regulatory guidelines.
- Maintain meticulous electronic and physical loan files, adhering to strict data integrity standards.
- Coordinate loan closings, working with closing attorneys and ensuring all pre-closing conditions are met.
- Stay current with commercial lending regulations, policies, and industry best practices.
- Provide exceptional service and support to all stakeholders throughout the loan processing lifecycle.
Required Skills
- Minimum 3 years of experience in commercial loan processing or a related financial services role.
- Proficiency in commercial loan origination systems (LOS) and Microsoft Office Suite (Word, Excel, Outlook).
- Strong understanding of commercial lending products, processes, and regulatory requirements (e.g., UCC, Real Estate Law).
- Exceptional attention to detail and accuracy in data entry and document review.
- Excellent written and verbal communication skills.
- Proven ability to manage multiple priorities and work effectively under pressure to meet deadlines.
- Strong analytical and problem-solving abilities.
- High degree of professionalism and customer service orientation.
Preferred Qualifications
- Associate's or Bachelor's degree in Finance, Business Administration, or a related field.
- Experience with specific commercial loan software platforms (e.g., LaserPro, Encompass).
- Knowledge of local and federal lending regulations specific to Connecticut.
- Relevant industry certifications (e.g., NMLS registration, although not always required for processors, it demonstrates commitment).
Perks & Benefits
- Competitive salary and performance-based bonuses.
- Comprehensive health, dental, and vision insurance plans.
- Generous paid time off (PTO) and company-paid holidays.
- 401(k) retirement plan with employer matching contributions.
- Opportunities for professional development and continuing education.
- Collaborative and supportive work environment.
- Modern office space with state-of-the-art technology.
- Employee assistance program (EAP).
How to Apply
Ready to take the next step in your career? We invite you to apply by clicking the ‘Application Link’ below. Please submit your resume and a cover letter outlining your relevant experience and why you are a great fit for this role. We look forward to reviewing your application!
