Commercial Loan Processing & Closing Specialist

Freedom; Springfield (MA); On-site; USD 40,000 - 60,000; Full time

Job summary

Freedom in Massachusetts is seeking a detail-oriented professional to support the Commercial Loan Department. The role includes preparing and reviewing commercial loan commitment letters, closing documentation, and loan modifications, in compliance with MBL policies.

You will coordinate closings with lenders and attorneys, monitor documents, maintain credit files, enter information into loan systems, process payments and inquiries, and assist with month-end reporting.

Qualifications

• Associate’s Degree or equivalent from two-year college and/or two years related commercial lending experience and/or training; or equivalent combination of education and experience.
• Strong written, oral communication/interpersonal and organizational skills/ability to prioritize and handle a multitude of responsibilities, meet deadlines. Attention to detail.
• Must be able to use various office equipment including PCs with Microsoft Office programs, Word and Excel.

Responsibilities

• Preparation and review of commercial loan commitment letters and commercial loan closing documentation and closing checks. Preparation of loan modifications.
• Coordinate with lenders and closing attorneys in scheduling closings as needed.
• Monitor UCC filings for commercial loans and ensure that new filings are submitted after closings and existing filings are continued before expiration.
• Assist in tracking of financial statements through database program and prepares financial statement letters to loan customers as needed.
• Complete Colson SBA month end report for submission to SBA within required timeframe, as well as other month end reports as needed.

Skills

Communication

Attention to detail

Organizational skills

Microsoft Office

Education

Associate degree or equivalent

Tools

Microsoft Word

Microsoft Excel

Job description

Freedom in Massachusetts is seeking a detail-oriented professional to support the Commercial Loan Department. The role includes preparing and reviewing commercial loan commitment letters, closing documentation, and loan modifications, in compliance with MBL policies.

You will coordinate closings with lenders and attorneys, monitor documents, maintain credit files, enter information into loan systems, process payments and inquiries, and assist with month-end reporting.