Sr. Commercial Loan Administrator

Company: Cornerstone Bank
Location: Worcester
Posted on: May 15, 2022

Job Description:

Manages the proper delivery of commercial documents in the commercial loan origination process. Prepares all documents from the point of commitment to the closing of a loan. Ensures quality of loan documentation and assists with commercial loan reviews and regulatory compliance. Provides a variety of administrative support tasks to assigned Commercial Lender. Ensures compliance with respect to regulatory timelines and accuracy of loan documentation Responsibilities and Accountabilities

• Manages the commercial pipeline to ensure loans are dispositioned in accordance with Regulation B.
• Performs pre-closing review of loan documents for other CLAs in absence of Loan Officer or as needed.
• Consistently provides superior professional service to internal and external customers.
• Prepares commitment letters, proposal letters and other correspondence, in addition to commercial loan documents with loan documentation software in accordance with Bank approval. Works closely with Lender to coordinate closings with attorneys and customers.
• Performs credit checks, when appropriate. Contracts with outside vendors for services such as appraisal, environmental, flood certifications and IRS information and processes related invoices.
• Reviews documentation pre and post-closing to ensure accuracy. Researches and obtains missing documentation.
• Ensures compliance with Flood Insurance regulation.
• Inputs and processes commercial loans into core system and maintains customer's credit/legal files in document imaging software.
• Prepares Small Business Administration (SBA) program loan packages, authorizations and documentation
• Disburses funds, assists commercial customers with transactions including construction loan disbursements, wires, deposits, withdrawals, and loan payments.
• Prepares loan modification documentation in accordance with Bank approval.
• Files UCC for all applicable new loans to perfect lien.
• Enters data into appropriate software for SBA/HMDA/CRA loans as applicable.
• Coordinate inspections, title rundowns and disbursements for construction loans.
• Preparation of declined and withdrawn notifications to customers, ensuring compliance with Regulation B.
• Updates commercial loan system with financial statements.
• It should be expected that, from time to time, other duties, both related and unrelated to the above, may be assigned and therefore required. Along with ability to support and provide services in multiple locations as required. Requirements:
  Position Requirements
  • High School diploma or equivalent. College degree is desirable.
  • 3-5 years experience in banking or financial industry preferred.
  • Demonstrated ability to provide high-level of customer service with a pro-active approach to problem solving.
  • Strong organizational, verbal and written communication skills.
  • Demonstrated proficiency with personal computer applications such as Word and Excel
  • Good analytical skills and high level of attention to detail.
  • Ability to multi-task and reprioritize tasks throughout the day to ensure deadlines are met, often working independently.
  • Knowledge of COCC Insight core system and LoanVantage LOS, is preferred.
  • Travel to multiple locations required as necessary.
  • Flexibility to adjust to changing environment, both regulatory and culturally. Physical Requirements The Commercial Loan Administrator is in a non-confined office type setting in which he or she is free to move about at will. The Commercial Loan Administrator spends time writing, typing, speaking, listening, carrying, seeing (such as close, color and peripheral vision, depth perception), sitting, pulling, walking, standing, and reaching. The Commercial Loan Administrator may operate any or all of the following: telephone, copy and fax machine, adding machine (calculator), scanner, computer, printers and other equipment as directed. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of the job. The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. PI177311447

Keywords: Cornerstone Bank, Worcester , Sr. Commercial Loan Administrator, Other , Worcester, Massachusetts