Commercial Lending Coordinator: Docs & Closings

East Cambridge Savings Bank; Cambridge (MA); On-site; USD 33,000 - 47,000; Full time

Job summary

East Cambridge Savings Bank is seeking a Commercial Loan Coordinator in Cambridge, MA. The role supports loan processing and documentation for commercial real estate, under supervision of the Senior Commercial Loan Documentation Officer.

You will track applications, assemble loan files, and coordinate closings with attorneys and appraisers. The ideal candidate has 1–3 years of banking experience or a business degree with banking exposure, strong organizational and communication skills, and

Qualifications

• 1–3 years’ banking experience or a bachelor’s degree in Business or related field with 1 year banking experience.
• Detail oriented with strong organizational and verbal communication skills.
• Working knowledge of Microsoft Word and Excel; familiarity with LoanVantage or other loan origination systems preferred.

Responsibilities

• Receives and tracks applications; assists management in processing documentation for Commercial real estate loans.
• Maintains new commercial loan files and assembles/verifies loan documents for proper vesting, descriptions, closing dates and signatures.
• Files UCCs for new loans, modifications and renewals; prepares renewal/termination documents and loan closing documents.
• Ensures loans are processed in accordance with credit approvals and regulatory guidelines; coordinates reporting and due diligence.
• Serves as liaison with attorneys, appraisers, insurers and other parties; supports closings and ensures accurate documentation.

Skills

Banking experience

Attention to detail

Organizational skills

Verbal communication

Multitasking

Education

Bachelor's degree in Business or related field

Tools

Word

Excel

LoanVantage

Job description

East Cambridge Savings Bank is seeking a Commercial Loan Coordinator in Cambridge, MA. The role supports loan processing and documentation for commercial real estate, under supervision of the Senior Commercial Loan Documentation Officer.

You will track applications, assemble loan files, and coordinate closings with attorneys and appraisers. The ideal candidate has 1–3 years of banking experience or a business degree with banking exposure, strong organizational and communication skills, and