Commercial Lending Administrator

ESSENTIAL FUNCTIONS

• Prepare and review loan documentation, including promissory notes, loan agreements, security agreements, and other required closing documents
• Verify loan approval terms and conditions to ensure accuracy and compliance with credit approvals and underwriting requirements
• Collaborate with internal and external departments such as loan officers, credit and legal to resolve documentation, conditions or collateral issues prior to closing to ensure closing readiness
• Review and approve insurance certificates for proper coverage prior to closing
• Coordinate loan funding and disbursement with utilization of settlement statements and legal invoices
• Preparation of Modification Documents on existing loans
• Maintain and manage closing checklists to track completion of required documents, approvals and conditions
• Monitor pipeline reports to ensure transactions are completed within required deadlines
• Perform additional ad hoc duties as requested

JOB QUALIFICATIONS

• Bachelor’s degree in Finance, Business Administration, Accounting or a related field or a minimum of 2-5 years’ experience in Commercial Lending Operations and/or Paralegal is preferred
• Thorough understanding of commercial documentation, credit memos and closing process
• Experience with commercial real estate, construction loans, or complex lending transactions is preferred
• Excellent attention to detail and document review skills
• Strong problem-solving and analytical skills
• Able to stay well organized and prioritize workflow in a multi-tasking environment
• Able to work independently as well as in collaboration with a team
• Experience with nCino/Salesforce is desirable
• Proficient computer skills, including the ability to work efficiently with loan processing systems
• Advanced proficiency in Microsoft Office products, including Microsoft Word, Excel, and Outlook

PAY

The hourly rate range for the Commercial Lending Administrator is $30.00 to $39.00 per hour.