Senior Commercial Loan Production Specialist

Eastern Bank; Wakefield (MA); On-site; USD 51,000 - 82,000; Full time

Job summary

Eastern Bank in Wakefield, MA seeks a Loan Production Specialist II to manage the end-to-end process of business and commercial loan production from due diligence through post-closing administration.

The role emphasizes accuracy, compliance, and efficiency across loan documentation, funding, and system workflows, with responsibilities expanding by grade level to reflect growing leadership and expertise.

Qualifications

• High school diploma or equivalent required; Associate's or Bachelor's degree preferred.
• 2-8+ years of experience in loan production, commercial lending, or financial services.
• Strong understanding of commercial loan documentation, funding procedures, and system workflows (e.g., nCino, LaserPro).
• Proficiency in loan origination platforms and Microsoft Office Suite.
• Excellent analytical, organizational, and communication skills.
• Ability to work independently and collaboratively in a fast-paced environment.

Responsibilities

• Conduct due diligence for business and commercial loan requests.
• Fulfill testing and QA activities pertaining to manual rate changes, insurance administration and Participation transaction flows.
• Track, monitor, and elevate exceptions pertaining to the commercial loan administrative programs.
• Assist with project, audit, and research related projects pertaining to the Commercial loans.
• Perform control testing.
• Perform document quality assurance prior to loan boarding.
• Handle complex Participation and Syndication loan originations, ensuring processing and documentation are completed timely and accurately.
• Provide Commercial and Business Banking loan documentation expertise for QA activities and/or LaserPro documentation production.
• Ensure insurance requirements and coverage are appropriately met for applicable collateral or conditions (e.g., dwelling, flood, all-asset coverage).
• Ensure collateral records and tracking are accurately documented.
• Ensure loan terms and conditions are satisfied prior to disbursement.
• Serve as a cross-trained team member supporting collaborative workflow and production management.
• Maintain strong quality control and regulatory adherence.

Skills

Analytical skills

Organizational skills

Communication skills

Independent work

Education

HS diploma or equivalent

Associate’s or Bachelor’s preferred

Tools

nCino

LaserPro

Microsoft Office Suite

Core banking systems

Job description

Eastern Bank in Wakefield, MA seeks a Loan Production Specialist II to manage the end-to-end process of business and commercial loan production from due diligence through post-closing administration.

The role emphasizes accuracy, compliance, and efficiency across loan documentation, funding, and system workflows, with responsibilities expanding by grade level to reflect growing leadership and expertise.