Commercial Post Closing Review Specialist

Company: Newburyport Bank
Location: Newburyport
Posted on: January 27, 2023

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.The Commercial Post Closing Review Specialist is responsible for assisting the Commercial Loan Officers, Commercial Loan Administration and Loan Servicing by providing a comprehensive internal review of closed loans after they are boarded to the Bank's core system. The Specialist's primary purpose is to identify errors or inconsistencies on loan accounts prior to the customer's first payment, while working in compliance with Bank policies and procedures.Operational Effectiveness

• Reviews all commercial loans within 2 weeks of booking to address any issues prior to the assessment of the customer's first payment.
• Performs a thorough post-closing review of all loan documents including but not limited to: a.) Identifying inconsistencies between approval, commitment letter and note. b.) Confirm document signatures. c.) Confirm conditions have been received and cleared.
  • Confirms exceptions are approved with appropriate approval authority.
  • Identifies documentation and system errors.
  • Maintains tracking of all missing documents, trailing documents, exceptions to approval and errors to be corrected.
  • Follows up with Attorneys, Loan Officers, PMs and CLAs to resolve outstanding items.
  • Prepares documents for scanning
  • Performs credit file maintenance and overall Commercial quality control duties.
  • Reviews closed loan files for quality control purposes.
  • Works closely with auditors and regulators preparing and presenting documents as requested.
  • Other duties as assigned.
    • Minimum of high school diploma or equivalent, in addition to a minimum of 5+ years of experience in a professional office environment, within a Commercial Lending or Paralegal related function.
    • Formal documentation/legal training is preferred.
    • Detail orientation and ability to work successfully with deadlines and time constraints.
    • Strong decision-making skills and verbal/written communication skills required.
    • Proficiency with Microsoft Office, Outlook and working knowledge of general banking/ lending concepts and principals. Physical Requirements
      • Prolonged periods of sitting at a desk and working on a computer.
      • Must be able to lift up to 15 pounds at times. Member FDIC -Member DIF - EOE/Disabilities- Veterans - Equal Housing Lender- Bank NMLS#413282PM21PI202108356

Keywords: Newburyport Bank, Lowell , Commercial Post Closing Review Specialist, Other , Newburyport, Massachusetts