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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

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