Job Details

Legal Staff Paralegal in Westborough, MA

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Company name

Middlesex Savings Bank

Organization Type


Job Type

Legal Staff

Practice Area

Real Estate

Years of Experience

1-3 yrs required


USA Westborough, MA

Date Last Verified

Oct 25,2017

Posted on

Dec 14,2016

87 hits


Post Closing Review Specialist Duties: Reviews mortgages and commercial loans of assigned business line (consumer or commercial) originated by the Corporate Banking Group, Business Banking Group, Community Banking, and Attorneys after closing for compliance with Bank policy, state and federal regulation. Performs any functions, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers and co-workers. Reviews all loans to verify all required documents are present. Review moderate to complex documentation to reflect accuracy of data and conformity to established procedures and policies. Ensure high levels of data integrity of critical customer and portfolio terms and conditions. Reviews all loans for approval by appropriate authority level (Officer, Senior Officer, Board of Investment). Reviews and interprets all loan disclosures for accurate disclosure of APR, payments terms, etc. Reviews all notes, mortgages and/or other documents for compliance, accuracy and completeness. Determine if legal documentation is missing from closing package. Reviews all loans for adherence to Bank credit policy relative to rate, term, collateral, etc. Identifies Credit Policy Exceptions. Enters and tracks missing legal documentation on Document Tracking System and updates system upon receipt, expiration and maturity. Creates reports from the Document Tracking System to identify missing legal documentation for branches, lenders and Attorneys. Identifies and documents all covenant exceptions. Review notes and other legal documentation prior to closing for Attorneys, branches and lenders. Follows-up with appropriate party (attorney, loan officer, branch, underwriting team, customer) via written memo to the Attorney or customer identifying the issue(s) and how to take corrective action. Takes customer calls when necessary. Works with insurance companies, customers, attorneys, lenders, and other vendors to ensure flood, UCC’s and insurance tracking and monitoring is up to date and conforming to Federal and State regulations. Keeps well informed of Bank policies, state and federal regulations. Attends relevant seminars and training programs. Makes recommendations on procedures for post closing. Surfaces issues/problems to Loan Servicing Manager relating to regulatory, compliance, documentation, and efficiency areas so corrective action can be taken. Ensure effective and timely completion of special projects as assigned. Contributes to effective workflow with a team. Reports all exceptions to the Loan Servicing Manager. Refers sales opportunities to other departments or bank affiliates in support of established objectives.

Qualification and Experience

Requirements: Bachelor's degree or equivalent experience, plus specialized training or course work. Paralegal certificate desired. 1-3 years experience in related field. Must have a solid understanding of legal documentation and experience with commercial loan products. Must be very detail oriented, highly organized and customer service oriented. At least intermediate technology skills including knowledge of word processing database and spreadsheet applications.

Additional info

Req # 3328

Company info

Hiring Coordinator
Middlesex Savings Bank
120 Flanders Road
Westborough, MA 01581