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Commercial Loan Assistant

Company: Newburyport Bank
Location: Newburyport
Posted on: January 12, 2022

Job Description:

Newburyport Bank is a premier community bank in the Greater Seacoast looking to expand our team. If you are seeking an organization who treats customers, employees, and community members with respect, fairness, and an unwavering commitment to professional growth and development, apply now.We are hiring a Commercial Loan Assistant (CLA) to assist the Commercial Loan Officers and Commercial Lending Operational staff with a variety of administrative, customer service and loan servicing functions. The CLA will provide exceptional customer service to Commercial Loan Officers, borrowers and vendors while working in compliance with Bank policies and procedures.Commercial Loan Team Support:

  • Coordinates with lenders, credit analysts, portfolio managers, attorneys and their staff and commercial loan servicing all aspects of loan closing ensuring all loans are closed in a timely manner based upon the approved parameters. Prepares attorney engagement letters in accordance with the banks approved attorney list.
  • Prepares commitment letters in a coordinated effort with Commercial Lenders.
  • Performs all pre-closing due diligence, including but not limited to ordering flood certificates and flood insurance, Secretary of State documents, GEO codes, UCC searches, tax escrow calculations, clearing approval conditions, collecting, and reviewing all regulatory documents, insurance, and organization documents.
  • Prepares notes, mortgages, loan agreements and any other bank documents necessary for closing using Sageworks, Laser Pro and Horizon systems.
  • Compares approval document and commitment letter to documents and reviews HUD settlement statement.
  • Receives closing document packages and prepares legal file to be sent to commercial servicing department for boarding, scanning and quality control.
  • Requests payoffs quotes from commercial servicing and coordinates with attorneys for partial releases and payoffs
  • Assists in problem solving any issues within the Commercial Lending Department with the guidance and assistance of the senior Commercial Lending staff.
  • Prepares and maintains records for commercial construction loans based upon approval process. Also, assists Commercial Lenders with initial construction project set-ups involving 3rd party construction monitoring.
  • Assists with monitoring and supervising the Financial Statement tracking database and assist with credit file maintenance and overall commercial loan quality control.
  • Functions as one of the Bank Notaries.
    • High school diploma or equivalent
    • Minimum of 3 years in a professional office environment, preferably within a commercial lending related function (i.e. banking/financial services, attorney or real estate broker)
    • Detail orientation, ability to work successfully with deadlines and time constraints, ability to learn basics of the Bank's products and services including loan products, self-motivation and decision-making skills required.
    • Working knowledge of general banking and lending concepts and principals in addition to experience with and understanding of Microsoft applications (Word, Excel and Outlook).
    • Professional demeanor and professional maturity required for working closely with customers, employees, vendors, and members of the Board of Directors. Member FDIC-Member DIF- EOE/Disabilities- Veterans - Equal Housing Lender- Bank NMLS#413282PM21

Keywords: Newburyport Bank, Lowell , Commercial Loan Assistant, Other , Newburyport, Massachusetts

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