Sr. Commercial Loan Administrator
Company: Cornerstone Bank
Location: Worcester
Posted on: August 7, 2022
|
|
Job Description:
Description:
Cornerstone Bank was formed in 2017, born of a long history of
supporting the community, and providing a strong foundation to help
people and businesses thrive. Serving Worcester County, Cornerstone
Bank's local presence and community-based banking model enables a
unique ability to deliver outstanding service, with a personal
touch. Cornerstone provides the highest level of service and
expertise for individuals, businesses, and community organizations
with branch locations throughout Central Massachusetts.
Cornerstone Bank is committed to providing a collaborative
workplace where innovation, teamwork, accountability and excellence
are recognized and where employees are encouraged to broaden their
skills, seek opportunities for professional development, serve
their community, and provide outstanding customer service with each
encounter.
Being a part of the Cornerstone team has many great benefits and
perks. This includes a competitive pay, a generous student-loan
paydown program, comprehensive benefit package including, medical,
dental, vision insurance and even pet insurance! We offer a 401(k)
plan with an employer contribution and match, success-sharing
bonuses, paid time off and more!
If you are looking to join a team that is committed to your ongoing
professional growth and development, we are looking forward to
speaking to you!
We are currently looking for a Sr. Commercial Loan Administrator to
join our team. This position reports directly to our VP -
Commercial Loan Operations and is responsible for processing and
documenting commercial loans under minimal supervision, processes
loan files and provides support for Cornerstone Bank in originating
and closing Commercial, Commercial Real Estate, Construction and
SBA loans by performing the following duties.
Responsibilities and Accountabilities
Reviews the commercial pipeline to ensure loans are dispositioned
in accordance with Regulation B.
Provides training for new staff on document preparation and
commercial policies and procedures as necessary.
Monitors and tracks missing documentation from loan closings
reviews past due documents with VP-Commercial Loan Operations.
Identifies and reviews new customers to assure Commercial Loan
Department is adhering to U.S. Patriot Act, by utilizing OFAC
review via Watch Dog. Performs credit checks and contracts with
outside vendors for services such as environmental, flood
certifications and IRS information.
Prepares all documents, including commitment letters, proposal
letters and other correspondence from the point of application to
the closing of a loan, utilizing internal software, in accordance
with Bank approval and regulatory compliance. Works closely with
Lender to coordinate closings with attorneys and customers. Works
closely with Lender to coordinate closings with attorneys and
customers.
Performs pre-closing review of loan documents for other CLAs in
absence of Loan Officer or as needed.
Ensures compliance with all applicable regulations.
Ensures all documents required for loan closing are obtained and
accurate including insurance binders.
Inputs and maintains customer's credit/legal files in document
imaging software.
Prepares Small Business Administration (SBA) program loan packages,
authorizations and documentation.
Files UCC for all applicable new loans to perfect lien.
Obtains and updates HMDA/CRA data in LOS system for commercial
applications, as applicable, and may work with Compliance
department to ensure accuracy.
Processes receipt and submission of invoices through accounts
payable system.
Coordinate inspections and title rundowns for construction
loans.
Preparation of adverse action notices to customers, ensuring
compliance with regulatory requirements.
Updates commercial loan system with financial statements.
Prepares modification documents and covenant
acknowledgement/waivers.
Funds attorney via deposit to IOLTA account or wire through WITS
system.
Processes lines of credit transfers with loan officer approval.
Works closely with commercial loan servicing staff and consistently
provides superior professional service to internal and external
customers.
Serves as the Clerk of the Loan Committee; prepares and distributes
meeting agenda, minutes and Loan Offerings; processes proxy vote in
LOS system on behalf of Loan Committee and Executive Committee.
May be required to participate in projects as it relates to
commercial loan administration.
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:
Qualifications
3-5 years experience in commercial lending within 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 LoanVantage LOS system and COCC Insight core system,
is preferred.
Travel to multiple locations required as necessary.
Flexibility to adjust to changing environment, both regulatory and
culturally.
Education/Training/Experience
High School diploma or equivalent. College degree is desirable.
PI186824511
Keywords: Cornerstone Bank, Worcester , Sr. Commercial Loan Administrator, Other , Worcester, Massachusetts
Click
here to apply!
|