Commercial Lending Administrator
Northern Bank, Woburn, MA, United States
Overview
At Northern Bank, assisting small business owners grow their company is our passion. Our commercial lending team focuses on delivering exceptional service throughout the life cycle of a loan, from inception, through underwriting, to the loan closing process. The Commercial Lending Administrator is responsible for the preparation, review, and finalization of commercial loan documents from approval through closing and funding. This role ensures all loan documentation is accurate, complete, and compliant with internal policies, regulatory requirements, and approved credit terms. The Commercial Lending Administrator works closely with loan officers, credit teams, and legal counsel to facilitate efficient loan closings.
Responsibilities
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
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
Ability to stay well organized and prioritize workflow in a multi-tasking environment
Ability 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
The hourly rate range for the Commercial Lending Administrator is $30.00 to $39.00 per hour
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Responsibilities
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
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
Ability to stay well organized and prioritize workflow in a multi-tasking environment
Ability 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
The hourly rate range for the Commercial Lending Administrator is $30.00 to $39.00 per hour
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