Ref ID: 02105-0010820212
Classification: Lender - Commercial
Compensation: $19.79 to $22.91 per hour
Robert Half is searching for a Commercial Loan Administrator in Peabody, MA ASAP! ideal candidate has been a prior CLA and can handle the following responsibilities with ease. The manager is looking to onboard immediately, so for consideration, please send updated resumes direct to [Click Here to Email Your Resumé] TODAY! 1. Respond to internal and external customer inquiries resolve commercial customer problems and/or assist in resolving commercial inquiries by directing customers to appropriate departments. Communicate basic lending information, general basic services and product information to customers and Bank personnel. 2. Responsible for processing the daily overdrafts and return deposited items for the Bank?s Commercial customers? ensuring that the prescribe policies and procedures of the Bank are adhered to. 3. Responsible for reviewing the Loan Approval for completion of all due diligence, pre-closing conditions, collateral and guarantor requirements and ensure that OFAC checks have been completed through the Bank?s OFAC system on Borrowers, Guarantors and authorized signors. 4. Prepare commitment letters in accordance with loan approval terms and conditions. 5. Coordinate and Complete the Commercial Loan Closing by preparing and obtaining necessary loan documentation (internal or external) for new loan request, ensuring adherence to required loan terms and conditions. Work in conjunction with closing attorneys, various vendors and customers to aid in closing process. Ensure that loan closing requirements are met and that all expectations are accurately tracked. 6. Review and interpret commercial loan documents to service commercial loans in senior and subordinate positions in accordance with agree upon terms. 7. Disburse loan funds after closing and setup (image) loan documents within established timelines. Provide on-going support to foster customer relations. Ensure on-going maintenance of loans in the system to meet customer?s and the bank?s needs. 8. Responsible for the post-closing documentation review and enforcing receipt of closing binders and exception items by working closely with Attorneys and the Commercial Loan Officer. 9. Responsible for tracking all loan collection expenses, vendor fees, good faith deposits and other professional fees. 10. Responsible for filing and/or searching UCC?s (Uniform Commercial Code) through the UCC direct website in order to perfect the Bank?s lien on Borrower?s assets pledged as collateral. 11. Responsible for ensuring that Standard Flood Hazard Determination Forms have been ordered and received on all Commercial Loans secured by Real Estate 10 days prior to closing in accordance with loan approval requirements, NSB Commercial Lending Policy, FEMA Guidelines and Federal Regulatory requirements. 12. Responsible for obtaining the receipt of the Patriot Act Identification Worksheet and verifying customer information on all new and existing Commercial Loan customers in accordance with NSB Patriots Act Policy, Commercial Lending Patriot Act Procedures, and Federal Regulatory requirements. 13. Responsible for the preparation of Reg. B notifications to business applicants including incomplete applications, approval of and denials in accordance with the Commercial Lending Policy and Procedures.