Commercial Loan Closing Administrator

Thomaston Savings Bank • Thomaston, CT

1d • $26 - $39 • Onsite

About The Position

Thomaston Savings Bank is a full-service Connecticut community financial institution that has been a part of your community since 1874. Our mission is to empower our clients for financial success and we’re seeking a Commercial Loan Closing Administrator to help achieve that goal.

Requirements

• Accuracy and completion of underwriting requirements
• Accuracy of loan terms and requirements
• Underwriting requirements have been satisfactorily resolved
• Manage flow of anticipated closings
• Keep information in the origination system current
• Accuracy of closing documents
• Assimilate loan documents in proper order
• Communicate with borrowers and realtors
• Update scheduled closing date in loan origination system

Responsibilities

• Prepares the loan file and closing documents for accuracy and completion of underwriting requirements prior to closing.
• Prepare and review commitment letters for accuracy of loan terms and requirements; ensure that all underwriting requirements have been satisfactorily resolved.
• Review closer pipeline reports weekly to manage flow of anticipated closings. Keep information in the origination system current so the pipeline reports are accurate.
• Use pre-closing and post-closing checklists, to ensure accuracy of closing documents. Assimilate loan documents in proper order to prepare for actual closing.
• Communicate with borrowers and realtors to schedule closings based on real estate contract dates for purchase transactions; file completeness for refinance transactions; and overall workload of processors and/or closing assistants. Update scheduled closing date in loan origination system as soon as possible.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed