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Provident Bank · 3 days ago

Commercial Loan Closing Coordinator III

Woodbridge, NJ

Full-time

Hybrid

Senior Level

$29.59/hr - $36.97/hr

5+ years exp

Provident Bank is a highly regarded financial institution in New Jersey that is committed to enhancing the customer and employee experience. The Commercial Loan Closing Coordinator III is responsible for facilitating all loan-closing activities and maintaining communication between customers and professionals to ensure timely closings.

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 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 the Bank’s systems

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

Assists in daily department responsibilities including customer inquiries and problem solving

Prepares and processes department reports including pipeline and closing reports. Verifies OFAC and Patriot Act information and related duties as required. Reviews mortgage discharges for accuracy