What are the responsibilities and job description for the Commercial Loan Processor position at Hingham Institution for Savings?
About Hingham Institution For Savings
Incorporated in 1834, Hingham Institution for Savings is one of America’s oldest banks. The Bank provides commercial mortgage and relationship banking services in Boston, Nantucket, Washington, D.C. and the San Francisco Bay Area. Publicly-traded but family-run since 1993, our objective has been to build one of America’s great banks, characterized by superior long-term financial results, a fortress balance sheet that provides unquestionable assurance to our depositors, and an enduring culture of growth and success. We have a small, entrepreneurial team - just under 100 people - and we hold ourselves to high standards.
The Commercial Real Estate Group originates conventional, construction, and special situation loan transactions at Hingham - our mandate is broad and flexible. With a flat organizational structure, we offer speed and surety of execution on transactions up to $95 million. We are one of the most profitable banks in the country, we are proudly independent, and we are prepared to deploy significant capital during periods of economic uncertainty and through cycles. For talented commercial real estate lenders, we offer a stable platform for long-term career growth.
About The Role
You will be at the heart of Hingham’s Commercial Lending Group that finances significant commercial real estate (CRE) projects in Massachusetts, the Washington, DC metropolitan area(DC, VA, MD) and the San Francisco Bay Area. We are a cohesive, goal-driven, team-oriented group which excels under deadlines and delivers exceptional service to its customers. You will be assigned to designated CRE lenders and be responsible for managing the loan closing process from loan approval to closing.
Responsibilities
Your role will include establishing digital loan files, generating financing commitment letters based on approved loan terms and conditions, ordering flood zone certifications, credit reports, titles, and third-party reports comprised of appraisals, environmental site assessments, seismic risk analysis and property condition reports. You will act as a liaison between the CRE lender, the Bank’ legal counsel and paralegals as well as a variety of third-party service providers to ensure reports are ordered and delivered in a timely manner and that any documents required from the borrower are collected prior to closing. You will be responsible for reviewing insurance certificates, calculating tax escrows and prepaid interest. You will bring the transaction to closure by ensuring all conditions for closing have been met and settlement can be scheduled. Additional responsibilities will comprise the establishment of financial files and working with the Bank’s Quality Control team to collect and organize required financial information as part of the Bank’s portfolio management process and provide assistance in the management of the Bank’s construction loan portfolio.
Qualifications
75,000 - 90,000 USD per year(Corporate Office)
Incorporated in 1834, Hingham Institution for Savings is one of America’s oldest banks. The Bank provides commercial mortgage and relationship banking services in Boston, Nantucket, Washington, D.C. and the San Francisco Bay Area. Publicly-traded but family-run since 1993, our objective has been to build one of America’s great banks, characterized by superior long-term financial results, a fortress balance sheet that provides unquestionable assurance to our depositors, and an enduring culture of growth and success. We have a small, entrepreneurial team - just under 100 people - and we hold ourselves to high standards.
The Commercial Real Estate Group originates conventional, construction, and special situation loan transactions at Hingham - our mandate is broad and flexible. With a flat organizational structure, we offer speed and surety of execution on transactions up to $95 million. We are one of the most profitable banks in the country, we are proudly independent, and we are prepared to deploy significant capital during periods of economic uncertainty and through cycles. For talented commercial real estate lenders, we offer a stable platform for long-term career growth.
About The Role
You will be at the heart of Hingham’s Commercial Lending Group that finances significant commercial real estate (CRE) projects in Massachusetts, the Washington, DC metropolitan area(DC, VA, MD) and the San Francisco Bay Area. We are a cohesive, goal-driven, team-oriented group which excels under deadlines and delivers exceptional service to its customers. You will be assigned to designated CRE lenders and be responsible for managing the loan closing process from loan approval to closing.
Responsibilities
Your role will include establishing digital loan files, generating financing commitment letters based on approved loan terms and conditions, ordering flood zone certifications, credit reports, titles, and third-party reports comprised of appraisals, environmental site assessments, seismic risk analysis and property condition reports. You will act as a liaison between the CRE lender, the Bank’ legal counsel and paralegals as well as a variety of third-party service providers to ensure reports are ordered and delivered in a timely manner and that any documents required from the borrower are collected prior to closing. You will be responsible for reviewing insurance certificates, calculating tax escrows and prepaid interest. You will bring the transaction to closure by ensuring all conditions for closing have been met and settlement can be scheduled. Additional responsibilities will comprise the establishment of financial files and working with the Bank’s Quality Control team to collect and organize required financial information as part of the Bank’s portfolio management process and provide assistance in the management of the Bank’s construction loan portfolio.
Qualifications
- Loan File Management: Establish digital loan files and generate financing commitment letters based on approved terms and conditions.
- Due Diligence & Reporting: Order and review essential third-party reports, including flood zone certifications, credit reports, titles, appraisals, environmental site assessments, seismic risk analysis, and property condition reports.
- Coordination: Ensure reports are delivered in a timely manner and that any documents required from the borrower are collected prior to closing.
- Financial Review: Review insurance certificates and calculate tax escrows and prepaid interest.
- Closing: Bring transactions to closure by ensuring all conditions have been met and settlement can be scheduled.
- Portfolio Management: Establish financial files and work with the Quality Control team to collect and organize financial information; provide assistance in the management of the Bank’s construction loan portfolio.
- Minimum 3 years experience processing commercial real estate loans
- Knowledge of required legal documentation, loan structure, commercial real estate, with paralegal experience preferred
- Highly organized with a focus on detail and prioritization
- Ability to shift and prioritize tasks in order to meet multiple deadlines
- Ability to work independently and autonomously in a fast paced environment
- A continuous improvement mindset, actively seeking better and more efficient ways to execute tasks.
- Demonstrated commitment to innovation and process improvement.
75,000 - 90,000 USD per year(Corporate Office)
Salary : $75,000 - $90,000
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