Commercial Lending Assistant I, Newburyport, MA

About the role

The Institution for Savings is seeking a Commercial Lending Assistant I to provide administrative support to Commercial Lenders and assist with portfolio management, pre-closing, and post-closing procedures.

Responsibilities

• Order OFAC, and Flood Certificates, if the property is in a special flood hazard area, assist lenders for follow up and compliance.
• Complete UCC lien searches and lien filings; maintain UCC tickler and current liens by filing continuations and terminations when needed.
• Upon approval of a loan, draft commitment letters, assist lenders with loan processing, compliance documents, and maintain the credit/legal files as instructed by the Lender.
• Absorb documentation review prior to new loan closing to ensure the Promissory Note and documents are consistent with the terms of the approval.
• Book and fund new commercial loans, monitor files for required documentation and ensure that the loan is in compliance with the original approval and meets compliance standards.
• Prepares loan closing documentation through Onboard, export loans upon closing and disburse loan proceeds.
• Ensure all documentation for new requests and existing portfolio is uploaded to the appropriate loan and/or relationship ID.
• Prepare Note Modification Agreements and process changes in accordance with approval.
• Maintain insurance policies.
• Handle payoff requests and post-payoff process.
• Complete Service Requests for loan maintenance, line of credit advances, construction advances, auto-pay set up, loan payments, etc.
• Apply Participation Loan remittances and construction advance disbursements when applicable, ensuring all back-up documentation is uploaded.
• Take phone calls, messages, and other duties/projects as assigned by Lenders and SVP.
• Successfully complete annual regulatory training as required by the bank and adhere to all applicable banking regulatory requirements for this position.
• Follow and track delinquent real estate taxes for commercial loans.

Requirements

• A High School diploma with at least two years of banking experience.
• Advanced knowledge of the Microsoft Office suite.
• Excellent written, verbal and interpersonal communication skills.
• Self-motivated, proactive, and goal oriented.
• Utilizes strong organizational skills to perform and prioritize a high volume of tasks simultaneously.
• Embraces the team-oriented culture and works collaboratively throughout the Bank.

Qualifications

• None specified.

Skills

• Microsoft Office Suite.
• Strong organizational and multitasking skills.
• Excellent written, verbal, and interpersonal communication skills.
• Ability to handle multiple tasks simultaneously.
• Knowledge of banking regulations and compliance.

Benefits

• Fully paid medical, dental, and vision insurance.
• Dollar-for-dollar 401(k) match up to 10%.
• Life insurance.
• Disability plan.
• Pension plan after 2 years of service.
• Generous vacation and paid-time off.
• Quarterly incentive.

Pay

Hourly Pay Range: $30-$35

Schedule

Full time.