Commercial Post-Closing Specialist
At Northern Bank, assisting small business owners grow their company is our passion. Our Commercial Lending team is focused on delivering exceptional service throughout the life cycle of a loan. From inception, through underwriting, to the loan closing process, we are committed to operational excellence, superior customer service, and continuing to help business owners succeed and grow.
In this role, you will provide ongoing support to the Commercial Lending Administrator on assigned commercial accounts. The Commercial Post-Closing Specialist is responsible for the review and maintenance of commercial loan closing packages. This role ensures that documents are accurate, complete and compliant with regulatory and lending requirements.
ESSENTIAL FUNCTIONS:
- Review of completed commercial loan closing packages to ensure all required documents have been received and properly executed
- Verify that critical loan documents such as promissory notes, loan agreements, guaranties, security agreements, etc. are complete and consistent with approved terms.
- Ensure collateral documentation (e.g. Mortgages, Assignments and Pledges) is complete and consistent with approved terms.
- Identify missing or defective documents and coordinate with loan officers, attorneys, and Commercial Lending Administrators to obtain corrections.
- Ensure all loan files are scanned to the appropriate placeholders in nCino DocMan along with change or loan closing memos if applicable.
- Confirm that required insurance certificates have been received at closing and uploaded
- Maintain accurate post-closing logs through ticklers
- Communicate with internal departments and external partners to resolve documentation discrepancies and ensure timely completion of post-closing tasks.
- Monitor pipeline reports.
- Perform additional ad hoc duties as requested.
- Bachelor’s degree or minimum of 1-2 years’ experience within a Commercial Bank is preferred
- Thorough understanding of commercial documentation, credit memos and closing process
- Proficient computer skills, including lending software as well as Microsoft Word & Excel
- Proper judgment and decision-making skills
- Ability to stay well organized and prioritize workflow in a multi-tasking environment
- Ability to work independently as well as in collaboration with a team
- Experience with nCino or Salesforce (desired but not required)
About Northern Bank & Trust Company
Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of over $3 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).