Commercial Post Closing Review Specialist
Company: Newburyport Bank
Location: Newburyport
Posted on: January 27, 2023
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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 EffectivenessReviews 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 RequirementsProlonged 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#413282PM21PI202108892
Keywords: Newburyport Bank, Lowell , Commercial Post Closing Review Specialist, Other , Newburyport, Massachusetts
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