Commercial Loan Settlement Officer

Job overview

The Commercial Loan Settlement Officer role is onsite in Clearfield, PA; the posting also lists Harrisburg and Malvern, PA, as possible locations. Compensation is not specified. Mid Penn Bank describes a focus on customer service, employee development, and supporting customers, shareholders, and communities. The officer coordinates commercial loan closings and settlements, ensuring documentation is accurate, complete, and consistent with approved terms and regulatory requirements. The role helps mitigate risk and supports timely loan funding and booking for customers and internal stakeholders.

What you'll do

• Coordinate commercial loan closings and settlements, including participations, swaps, and syndicated credit facilities
• work with attorneys, title companies, lenders, and closing agents
• review approved loan packages and closing documents
• verify insurance, title, and collateral records
• prepare loan settlement and portfolio closing documents
• resolve discrepancies before funding
• order and review title work when necessary
• issue closing instructions
• calculate funding amounts and fee distributions
• monitor the closing pipeline and deadlines
• maintain organized loan files and detailed records
• respond to inquiries
• maintain customer confidentiality
• escalate issues as needed.

What we're looking for

Skills & competencies

commercial loan settlement officer

commercial lending

loan documentation

loan closings

settlement process

credit facilities

regulatory compliance

clearfield pa

mid penn bank

harrisburg pa

malvern pa

Work arrangement

• Weekend coverage required

Benefits & perks

• Medical and prescription coverage, flexible spending account, dental and vision insurance, life and disability insurance, 401(k) with employer match, employee stock purchase plan, paid time off and holidays, parental leave, Employee Assistance Program, tuition reimbursement, mentorship, career counseling, and development programs.

Why this role

High school diploma or equivalent with business curriculum; at least four years of related experience and understanding of commercial loan products and collateral normally required. Paralegal certification or similar training is highly preferred; experience interpreting attorney-prepared legal documents is required.

About the employer

Mid Penn Bank - Millersburg Branch is hiring for this role. Industry: Commercial Banking. Sector: 52.