Commercial Loan Administrator
River Run is a shared services organization that supports banking affiliates, Newburyport Bank, Pentucket Bank and Rollstone Bank & Trust.
As a Commercial Loan Administrator, you'll play a key role in the commercial lending process by coordinating loan closings from approval through funding while ensuring compliance with Bank policies and regulatory requirements.
Essential Job Functions
- Coordinate all aspects of commercial loan closings with lenders, credit analysts, portfolio managers, attorneys, and loan servicing.
- Perform pre-closing due diligence including flood determinations, UCC searches, Secretary of State filings, insurance reviews, tax escrow calculations, and regulatory documentation.
- Prepare commercial loan documentation including notes, mortgages, loan agreements, modifications, and related closing documents.
- Review attorney-prepared documents for accuracy and ensure loan documentation matches approved terms.
- Process SBA loan documentation and support SBA loan closings.
- Prepare and maintain commercial construction loan files and coordinate third-party construction monitoring.
- Procure and perfect collateral including UCC filings and vehicle titles.
- Assemble and prepare legal files for post-closing review, boarding, and quality control.
- Collaborate with Loan Officers and Portfolio Managers to resolve issues and obtain post-closing documentation.
- Maintain commercial credit files and provide documentation for audits and examinations.
- Deliver exceptional customer service by responding promptly to borrower and internal partner inquiries.
- Support Commercial Lenders with loan servicing and administrative functions.
- Ensure compliance with all applicable regulations, Bank policies, and Bank Secrecy Act (BSA) requirements.