Senior Commercial Loan Processor

About Patelco Credit Union
Patelco Credit Union is a not-for-profit credit union with a purpose to build financial health and wellbeing for our members. Since 1936, Patelco has grown from $500 in assets to over $9 billion in assets and is the 7th largest credit union in California with branches throughout Northern California.

We are here for our members throughout all their stages of life. Meeting them with the products and services to help them plan purposefully for their futures and to secure our life-long partnership as their trusted financial advocate. As one team, we are all committed to delivering service, empowering financial literacy, creating products, and providing new technology for our members.

We believe that work should be rewarding, challenging, and enjoyable. We're dedicated to creating a positive and supportive culture where our team members can thrive. If you're looking to use your skills and knowledge to make a difference in our members' lives, Patelco could be the perfect fit for you.

Overview
The Senior Commercial Loan Processor supports the credit union's direct origination commercial lending function by managing loan files from intake through funding. This role coordinates documentation collection and review, works closely with Underwriting, orders and tracks third-party due diligence (title, appraisal, environmental, flood/UCC as applicable), ensures accurate system boarding, and administers funding/wires. The position requires strong organization, follow-through, and the ability to drive multiple files forward while maintaining documentation quality, compliance, and internal controls.

Responsibilities

• Loan File Intake, Processing, and Pipeline Management
• Own assigned commercial loan files from application/intake through funding, ensuring complete and accurate documentation and clear status visibility.
• Establish and maintain digital loan files using required filing and naming conventions, including document stacking order/organization and version control.
• Request, collect, track, and review borrower/guarantor documentation (financials, entity docs, insurance, rent rolls, leases, etc.) for completeness and consistency; follow up proactively to clear missing items.
• Maintain pipeline updates, ticklers, and key milestone tracking; communicate status and needs to internal partners.
• Underwriting Partnership and Conditions Clearing
• Partner with Underwriting to package files for analysis and decisioning; resolve documentation gaps and discrepancies.
• Track approval terms and closing/funding conditions, driving timely follow-up and documenting condition clearance.
• Prepare summaries and internal checklists as needed (e.g., conditions checklists, document request lists).
• Thoroughly reviews third party documents such as SNDAs, leases, and corporate documents to make recommendations to the Manager and Loan Officers to ensure soundness of the transaction
• Third-Party Due Diligence & Vendor Coordination
• Order, track, and organize third-party reports as directed, including (as applicable): title products, appraisals, environmental reports (Phase I/II, etc.), flood determinations, UCC searches/filings, property condition/seismic reports, and other due diligence items.
• Coordinate with vendors, third-party management partners, and internal stakeholders to meet turn times and resolve issues.
• Serve as a primary point of coordination with title/escrow, appraisal, and environmental providers to support closing readiness. (Commercial loan processor roles commonly include ordering/organizing these third-party items.)
• Closing, Documentation, and System Boarding
• Prepare and/or support documentation preparation, as assigned, to ensure loan documents reflect approved terms and accurate borrower/entity information.
• Communicates with internal compliance and outside counsel with Manager's approval to obtain legal guidance for documentation purposes for complicated loan structures, as applicable
• Validate required closing items are present (executed docs, insurance, title/recording, etc.) and properly imaged/indexed in the file.
• Board/Book loans in the core system and related lending systems (e.g., LOS/servicing platform) with accurate monetary terms, collateral data, rates, fees,