Provide loan officer support by processing and maintaining commercial loan files, verifying insurance and financials, coordinating documentation with borrowers, attorneys and internal teams, tracking appraisals/environmental reports and construction draws, updating Credit Quest and pipeline reports, and delivering day-to-day administrative support for commercial lending operations.
SUMMARY/OBJECTIVE:
The Commercial Lending Assistant provides ongoing Customer service and documentation support as Loan Officer’s liaison on assigned commercial accounts. The Commercial Lending Assistant determines pertinent information to gather from a variety of sources, coordinates the preparation and review of loan documentation and is responsible for the processing/maintaining of all commercial loan files. The position also provides operational administrative support to ensure a smooth workflow between various departments.
ESSENTIAL FUNCTIONS:
- Verifies evidence of insurance, requests updated financial information
- May manage portfolio risk by highlighting maturities, overdrafts, and delinquencies.
- Verifies and processes Customer advances on lines of credit
- Liaise with attorneys to assist in resolving any closing issues in the absence of the Loan Officer
- Request/retrieve missing legal documentation from Borrowers and Attorneys
- Assist customers with commercial banking needs including advances and new accounts
- Set up Borrowers in Credit Quest, maintain electronic files for loans
- Track financial statements and tax returns for both Borrower and Guarantors and send updates to credit and loan closing as needed.
- Files documentation in commercial /electronic files
- Track and request environmental reports, appraisals, and construction consultants to be engaged
- Manages Loan Officers Construction Pipeline, i.e.: update various construction reports, organizes draw requests, monitor construction budgets.
- Monitor pipeline reports
- Provided day to day administrative support to Commercial Lenders
JOB QUALIFICATIONS:
- Proficient in Microsoft Excel, Microsoft Word, computers and lending software
- Good communication and organizational skills
- Ability to prioritize work flow in a multi-tasking environment
- Ability to work independently as well as in collaboration with a team
- Bachelor’s degree and experience in working in a corporate environment preferred.
Northern Bank Woburn, Massachusetts, USA Office
275 Mishawum Rd, Woburn, MA, United States, 10801
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