A US bank is seeking a Sr. Commercial Loan Administrator.
Location: Portsmouth NH
This role performs a variety of administrative, customer service, and loan servicing functions, providing exceptional customer service to Commercial Loan Officers, borrowers, and vendors while working in compliance with bank policies and procedures. The Sr. Commercial Loan Administrator maintains an in depth knowledge of Commercial Loan procedures, policy, compliance, and legal requirements.
Commercial Loan Team Support responsibilities include coordinating with lenders, credit analysts, portfolio managers, attorneys and staff, and commercial loan servicing on all aspects of loan closing, ensuring all loans are closed in a timely manner based upon the approved parameters. Prepares attorney engagement letters in accordance with the bank’s approved attorney list. Serves as a resource for Commercial Servicing Representatives for Commercial Loan processes, regulatory, legal, and compliance knowledge as needed. Mentors Commercial Loan Administrators. Maintains at least one department report.
Reviews commitment letters in a coordinated effort with Commercial Lenders for grammar and to ensure terms and conditions match approval prior to being sent to the customer.
Performs all pre closing due diligence, including but not limited to ordering flood certificates and flood insurance, ordering Secretary of State documents, adding GEO codes, performing Uniform Commercial Code (UCC) searches, calculating tax escrow, clearing approval conditions, and collecting and reviewing all regulatory documents, insurance, and organization documents.
Prepares closing documentation including notes, mortgages, loan agreements, and any other bank documents necessary for closing using loan origination and core systems. Reviews attorney prepared loan documents for accuracy for final approval and signoff by the Loan Officer.
Procures non real estate collateral such as UCC filings and vehicle titles.
Processes Small Business Administration (SBA) applications within E Tran and produces the accompanying SBA loan documentation. Communicates with Attorney and Paralegal for all closing requirements.
Compensation: $26.75-$37.45/yr