What are the responsibilities and job description for the Commercial Loan Closing Administrator position at Thomaston Savings Bank?
Thomaston Savings Bank is a full-service Connecticut community financial institution that has been a part of your community since 1874. Our mission is to empower our clients for financial success and we’re seeking a Commercial Loan Closing Administrator to help achieve that goal.
Position: Commercial Loan Closing Administrator
Location: On-Site in Thomaston, CT
Responsibilities Include:
- Prepares the loan file and closing documents for accuracy and completion of underwriting requirements prior to closing.
- Prepare and review commitment letters for accuracy of loan terms and requirements; ensure that all underwriting requirements have been satisfactorily resolved.
- Review closer pipeline reports weekly to manage flow of anticipated closings. Keep information in the origination system current so the pipeline reports are accurate.
- Use pre-closing and post-closing checklists, to ensure accuracy of closing documents. Assimilate loan documents in proper order to prepare for actual closing.
- Communicate with borrowers and realtors to schedule closings based on real estate contract dates for purchase transactions; file completeness for refinance transactions; and overall workload of processors and/or closing assistants. Update scheduled closing date in loan origination system as soon as possible.
EOE
Salary : $26 - $39