Commercial Loan Closing Coordinator III

Provident Bank • Woodbridge, NJ

2d • $30 - $37

About The Position

The position’s role is responsible for accurately facilitating all loan-closing activities and maintaining a courteous and beneficial liaison between customers, Relationship Managers and other outside professionals. Job performance is evaluated on accuracy, timeliness, productivity and customer satisfaction.

Requirements

• 5 or more years of related work experience.
• Extensive knowledge of Commercial Loan closing and ability to apply such knowledge.
• Ability to communicate clearly and effectively in both written and spoken scenarios
• Ability to manage heavy workflow, resolve problems with modest supervision, attend to detail and perform arithmetic calculations.
• Proficient with software and systems programs. (Microsoft Office)

Nice To Haves

• Knowledge of Laser Pro document preparation a plus.
• Bachelor’s degree

Responsibilities

• Prepares and reviews pre-closing documentation for commercial lending and/or commercial real estate construction and permanent loans.
• Is responsible for loan set-up including completion of load sheets, calculation of required escrows, reserves and prepaid interest, preparation of general ledger debit and credit entries and initiating wire transfers.
• Coordinates and acts as a liaison with attorneys, Relationship Managers and other professionals to schedule and ensure closing takes place in a timely fashion.
• Sets up loan files in accordance with standard department procedures; coordinates related closing responsibilities with Loan Administrator.
• Prepares and processes post-closing documents and reports for input to the Bank’s systems.
• Maintains loan closing reference procedures to guide and regulate closings, modifications and conversions.
• Assists in daily department responsibilities including customer inquiries and problem solving.
• Prepares and processes department reports including pipeline and closing reports.
• Verifies OFAC and Patriot Act information and related duties as required.
• Reviews mortgage discharges for accuracy.

Benefits

• Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank’s Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan.
• In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance.
• Company sponsored Tuition Disbursement and Loan Repayment programs are also available.
• Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees