Commercial Loan Administrator
Opportunity to work with a great company!
Location:
Brockton, MA
Hours:
- Full Time – 3 Month Temporary Role
- Monday – Friday, 8:00am – 4:30pm
Job Requirements:
- Proficient computer skills including Word and Excel.
- Understanding of Small Business Administration 7A, Express and/or 504 loan programs.
- Responsible for administrative support to the Department Head, Business Development Officers, and Commercial Loan Officers in all phases of processing, closing, and annual reviews of Commercial and Member Business Loans.
- Responsible for reviewing the loan approval for completion of all due diligence, pre closing conditions, collateral and guarantor requirements and ensure the OFAC checks have been completed on borrowers, guarantors and authorized signors.
- Responds to inquiries regarding new Commercial and Member Business Loans in process, and portfolio loans including requests for annual financials requested.
- Track and request appraisals, environmental reports, construction inspections, and legal work.
- Prepares commitment letters and legal documentation in accordance with loan approval terms and conditions.
- Performs additional duties such as ensuring proper credit approval has been received prior to funding a loan and verifies Member requests for advances on lines of credit prior to loan servicing processing request.
- Coordinate loan closing by communicating with the Attorney and/or loan officer; prepares necessary loan documentation for new loan requests or modifications to existing loans, ensuring adherence to required loan terms and conditions.
- Maintains current knowledge of loan policy, lending regulations and commercial credit standards.
- Must comply with regulatory compliance and assigned training requirements including but not limited to with all applicable federal and state regulations, including but not limited to the Bank Secrecy Act, Fair Lending laws (Equal Credit Opportunity Act, Fair Credit Reporting Act, Fair Housing Act, Home Mortgage Disclosure Act, Community Reinvestment Act) OFAC, Regulation O and the Flood Disaster Protection Act.
Pay Rate:
- $30 – $35/hour
. . . Pay Statement and Pay Transparency Laws: rate of pay listed is on a per hour basis. You will be entitled to health insurance once employed for 60 days and you must work 30 hours per week, on average, per month to enroll and maintain health insurance through Complete Staffing Solutions. Once both qualifiers are met you must complete the enrollment packet and your benefits will start on the first of the subsequent month. . . It is our policy to provide equal employment opportunity to all individuals regardless of race, color, sex, sexual orientation, religion, disability, age, veteran status, ancestry, national or ethnic origin or any other legally protected class. We are committed to a diverse workforce. We value all employees’ talents and support an environment that is inclusive and respectful. We are strongly committed to this policy, and believe in the concept and spirit of the law.
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