Loan Process Specialist

About Farm Credit Illinois (FCI)

FCI is a farmer-owned lending cooperative headquartered in Mahomet, Illinois, with >$7 billion of owned, managed, and collaborated loan assets and investments. With a core purpose of Helping Farm Families Succeed, FCI is owned by 18,900 farmer, rural landowner, and agribusiness members in the southern 60 counties of Illinois. FCI is one of many Farm Credit System Associations which collectively serve all 50 states, Washington DC, and Puerto Rico.

At Farm Credit Illinois, we are committed to fostering a workplace that celebrates diversity, equity, and inclusion. We offer comprehensive benefits that include medical, dental, and vision, as well as paid time off programs, such as vacation, sick leave, parental leave, holidays, and more. FCI offers a 401k plan with employer match and opportunities for professional development and learning. Our core values—family, integrity, relationships, expertise, and passion—are the foundation of our culture, and we strive to exemplify these values in every aspect of our association.

Competitive compensation package. Grade and salary commensurate with experience, with an annual base salary range of 48,000. plus a bonus based on team and individual performance. This range is a good-faith and reasonable estimate of the range of possible compensation at the time of this posting.

Comprehensive benefit package includes 401(k) with 3% employer contribution and 6% employer match, vacation days, sick days, 13 paid holidays, parental leave, and volunteer leave, along with medical, dental, vision, and life insurance as further described at

Professional development and career growth opportunities. Opportunity to work for a reputable and community-focused financial institution dedicated to a positive, collaborative work environment that encompasses the association’s mission to serve our members and the agricultural industry as we strive to help farm families succeed.

The Loan Process Specialist serves in the Field Operations Department and reports to a Regional Manager. This role acts as the “Deal Champion” for loans and ensures timely and accurate processing of loans originated by Lending AVP/VP and RM. The Loan Process Specialist participates in several stages of the credit lifecycle for all relevant loans, including gathering and organizing pre-underwriting documents, maintaining electronic files, completing loan due diligence, reviewing loan documentation, coordinating loan closings, and preparing loans for booking in the loan origination system.

Qualification of Loan Credit Package

• Supports pre-qualification activities by gathering prospect or member information, including licenses, financials, scope of operations, and entity documentation
• Assess qualitative and quantitative business and financial information in coordination with the Lending AVP/VP or RM; follow-up for clarification as needed
• Review members’ trust agreements, articles of organization, and operating agreement to ensure the right to borrow, pledge, and mortgage
• Input relevant loan information into LOS

• Submit loan in LOS to CSD and serve as the Deal Champion on all submitted loans by responding to internal and external inquiries
• Assist in following Territorial Concurrence procedures, ensuring regulatory compliance

Loan Processing & Document Preparation

• Obtain signatures for notices of approval or statements of credit denial as required
• Complete initial interest rate lock in LOS and monitor rate lock commitments
• Coordinate fraud alert verifications with Lending AVP/VP or RM
• Lead FLCA-related processing activities, including collecting collateral information and coordinating with appraisers
• Review and process FHA/FLCA closing documents with Compeer and Title Company communications
• Coordinate, schedule, and prepare closing instructions and related documents

• Review PCA closing instructions and loan documents for accuracy and request modifications as needed
• Gather loan-related documents and prepare for PCA loan closing

Non-Traditional Loan Processing

• Lead Farm Service Agency (FSA) loan processing and documentation
• Handle joint check…