Commercial Loan Closing Specialist
Company: Northeast Bank
Location: Boston
Posted on: May 16, 2022
Job Description:
Job Description Northeast Bank is a Maine-based, full-service
community bank and a national commercial real estate lender with
offices in Boston, New York, Miami and LA. We are looking for
motivated and talented individuals who want to make an impact in a
growing company that cares about its employees, customers, and the
communities it serves. Northeast Bank provides competitive
compensation and benefits, generous PTO, and a hybrid work
environment dependent on the role. If you are looking for a growing
organization that prioritizes its employees, we encourage you to
apply.POSITION SUMMARY: The Northeast Bank Loan Processing Team is
looking for an experienced, motivated, and efficient Commercial
Loan Closing Specialist to coordinate LASG, SBA, and USDA loan
closings from initial approval through funding. The ideal applicant
will have excellent organizational skills, an eye towards detail,
and the ability to prioritize numerous assignments in a fast-paced
work environment. The applicant should also have the ability to
professionally communicate with all parties to the transactions,
work well both independently and as a member of a team, and provide
outstanding customer service to borrowers and referral agents.
RESPONSIBILITIES:
- Coordinate the closing of LASG, SBA, and USDA loans with
relationship managers, brokers, borrowers, and attorneys
- Internally manage the closing process from initial approval
through funding and boarding collaborating with the Bank's SBA,
Legal, Credit Administration, Lending, and Loan Servicing
departments
- Work with the Asset Management and Relationship Management
teams to process, close, and board modification requests for LASG,
purchased, and SBA loans
- Manage a master Closing Conditions Checklist for all assigned
loans and collaborate with the Credit Administration and
Relationship Management teams to collect the required documentation
prior to loan closing
- Ensure that non-legal closing documents/regulatory documents
such as, but not limited to, flood determinations and worksheets,
CIP, CBO, and W-9 forms are completed correctly
- Assist with the generation of non-legal closing documents
- Process funding for loan closings
- Provide the Loan Servicing team with all of the information
necessary to board assigned loans including, but not limited to,
boarding sheets, posting sheets, amortization schedules, CRA, HMDA,
FDICIA, etc.
- Understand the SBA Standard Operatory Procedure
- Ensure that regulatory requirements, along with state and
federal laws are adhered to
- Successfully pass technical and regulatory examinations
required by the Company.
- Other duties and responsibilities as requested. KNOWLEDGE,
SKILLS AND ABILITIES:
- 1-4 years of relevant work experience
- Bachelor's Degree with a strong track record of performance and
leadership
- Very strong organizational and time management skills
- Comfort engaging with people in all types of environments (on
the phone, in-person, via email)
- General understanding of small business financing and legal
documents
- Proficient with MS Word and Excel
- Comfort learning new software systemsPHYSICAL DEMANDS AND
CONDITIONS
- Must be able to lift up to 25 pounds
- Ability to sit at a computer workstation for extended periods
of time
- May be required to climb stairs to move files between
floorsNortheast Bank is an equal employment opportunity and
affirmative action employer. All qualified applicants will receive
consideration for employment without regard to race, color,
religion, sex, sexual orientation, gender identity and expression,
national original, veteran status and any other classification
protected by Law. We celebrate diversity and are committed to
creating an inclusive environment for all employees.
Keywords: Northeast Bank, Boston , Commercial Loan Closing Specialist, Other , Boston, Massachusetts
Didn't find what you're looking for? Search again!
Loading more jobs...