COMMERCIAL LOAN ADMINISTRATION COORDINATOR
1 month ago
We are offering a contract for a Commercial Loan Administration Coordinator in Waltham, Massachusetts. In this role, you will play a crucial part in coordinating and completing commercial loan procedures, maintaining accurate records, and directly communicating with customers to address their needs and inquiries.
Responsibilities:
• Coordinate and complete commercial loan closings by preparing and obtaining necessary documents for new loans and modifications in compliance with loan approval summary and regulatory requirements.
• Assist with the collection of trailing documents by working with attorneys, paralegals, and lenders to get necessary signatures and clear post-closing exceptions.
• Review, scan, and file original incoming documents in the bank's vault and imaging system, including legal packages from attorneys and borrowers, while logging receipt as needed.
• Prepare and distribute various daily, weekly, and monthly portfolio reports as needed.
• Communicate directly with customers both orally and in writing to respond to customer needs and inquiries, resolving issues within authority level and expertise.
• Handle the team's document archive management process which includes archiving, shipping, and receiving documents.
• Manage the department's shared mailbox by ensuring emails are directed to the applicable Admin and then filed in the appropriate folder.
• Handle the Commercial Division's outgoing mail via USPS and/or overnight mail.
• Assist manager and/or team leader with special projects as needed.
• Leverage skills in Auditing, Closing Processes, Commercial Lending, Administrative Assistance, Loan Administration, Consumer Loans, Loan Agreements, Loan Servicing, Loans - Commercial, Loans - Consumer.
• Minimum of 1+ years of experience in a relevant field• Proficiency in Auditing
• Demonstrable experience in Closing Processes
• Knowledge and understanding of Commercial Lending
• Proven expertise in Administrative Assistance
• Experience in Loan Administration is essential
• Familiarity with Consumer Loans is a must
• Ability to handle Loan Agreements efficiently
• Experience in Loan Servicing is required
• Proficiency in managing Commercial Loans
• Experience with Consumer Loans is necessary
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