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Provident Bank · 8 hours ago

Commercial Loan Closing Coordinator IV

Woodbridge, NJ

Full-time

Onsite

Senior Level, Lead/Staff

$32.21/hr - $40.26/hr

5+ years exp

Provident Bank is a highly regarded financial institution in New Jersey committed to enhancing customer and employee experiences. They are seeking a Commercial Loan Closing Coordinator IV to facilitate loan-closing activities, maintain communication with various stakeholders, and ensure compliance with all closing conditions.

Financial Services

Responsibilities

Prepares and reviews pre-closing documentation for commercial lending and/or commercial real estate construction and permanent loans. This includes organization of files, review of the closing documents for accuracy, assuring receipt of all required closing documentation and compliance and satisfaction of all closing conditions and covenants. Is responsible for loan set-up including completion of load sheets, calculation of required escrows, reserves and prepaid interest, preparation of general ledger debit and credit entries and initiating wire transfers

Coordinates the development and maintenance of the Closing Department’s Policies and Procedures Manual. Assists the Department Manager with special projects

Coordinates and acts as a liaison with attorneys, Relationship Managers and other professionals to schedule and ensure closing takes place in a timely fashion

Sets up loan files in accordance with standard department procedures; coordinates related

Closing responsibilities with Loan Administrator. Prepares and processes post-closing documents and reports for input to systems of Loan Servicing and Commercial Lending departments

Coordinates with CLA on construction loan closings and attends pre-construction meetings

Maintains loan closing reference procedures to guide and regulate closings, modifications and conversions

Prepares and processes Approvals In Process Report and maintains the monthly Attorney Report. Assists with Closers Report, CRE, BB and MM

Verifies OFAC and Patriot Act information and related duties as required. Reviews mortgage discharges for accuracy. Assists in daily department responsibilities including customer inquiries and problem solving