Job Details

Commercial Loan Administrator

Company name

South Shore Bank

Organization Type

In-House

Job Type

Legal Staff

Date Last Verified

May 21,2019

Valid Through

Sep 03,2019

Posted on

May 15,2019

Years of Experience

1-2 yrs required

Location

Braintree, MA, United States

Employment Type

Full-time

Industry

Legal
Practice Area
Finance >> Finance - Banking
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Commercial Loan Administrator
The candidate, under the supervision of the Director of Consumer Lending and Loan Operations, performs a variety of administrative support for Small Business Banking (SBB) and Commercial Lenders in all aspects of the loan process, ensuring all necessary documents and compliance components are collected throughout the pre-closing process while also ensuring effective coordination of the closing process with the Lender. Verify accuracy of a commitment letter, credit approval and closing documents. Obtains and reviews borrower information from third party reporting services such as FIS/e-funds, AML/Patriot Act, First Advantage, Environmental and Flood Searches. Communicate effectively and professionally with customers, attorneys, appraisers, co-workers, and team mates Periodically reviews credit files to ensure accuracy and all ticklers systems are in place. Creates and reviews documents for loan closings. Processes loan closing documents in a timely and accurate manner. Notifies Loan Servicing to update core system with customer's current information and any new loan information. Files UCC-1 and RMV-1 Applications with necessary State departments. Notifies Loan Servicing to wire funds for payoffs to other institutions. Process proper General Ledger pertaining to commitment fees and expenditures related to customer's loans. Maintains correspondence with SBA regarding SBA Guaranty Fee payments. Maintains MassCap portfolio information and process fees Responds to customer's requests as to advances, payments, and transfers. Participate in weekly pipeline meetings. Create and update Standard Operating Procedures. Daily review of reports pertaining to customer's checking account based on daily activity for overdrafts (NSF Items Report). Weekly review and distribution of past due payment report (Nautilus). Prepares past due letters and requests for financial information. Payment of bills pertaining to outside vendors, i.e. Experian, CBC Flood Searches, Environmental searches, Attorney's and appraisals. With coordination from lenders, correspond with customers regarding overdrafts, past due loan payments, missing loan documents, insurance, updated financial information and other customer account management needs. General administrative tasks including typing, faxing, copying, ordering of office supplies, telephone correspondence, filing etc. Perform other duties as required.

Qualification and Experience

The candidate should have an Associate’s degree or graduate of a paralegal program with 1-2 years of related experience. Should maintain an excellent understanding of applicable regulations and laws including: Fair Lending, Home Mortgage Disclosure Act (HMDA), Flood Disaster Protection Act, Fair Credit Reporting Act (FCRA), Regulation Z (Truth in Lending), Real Estate Settlement Procedures Act (RESPA), Community Reinvestment Act (CRA), Bank Secrecy Act, Regulation P (Privacy of Consumer Financial Information), Service Members Civil Relief Act of 2003, Unfair, Deceptive and Abusive Acts and Practices (UDAAP), etc. Should also maintain an up to date understanding of bank policies and procedures as they relate to compliance. Good knowledge of MS Office applications including general and intermediary Word and Excel skills for creating letters, templates and spreadsheets needed.

Additional info

Job ID: 2019-1582

Company info

Hiring Coordinator
South Shore Bank
501 John Mahar Highway
Braintree, MA 02184

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