What are the responsibilities and job description for the Retail Lending- Retail Lending Administrator position at Chelsea Groton Bank?
Retail Lending Administrator (NE-9)
Chelsea Groton is looking to hire motivated and dynamic individuals to join our Retail Lending team. The ideal candidate will be a motivated, collaborative and personable individual that thrives in a team-based environment. Become a member of a positive, versatile and inclusive team that promotes self-development and empowerment for the benefit of our customers and our community.
Responsibilities and Requirements vary based on job level. Expectations include:
Process and close all types of retail loan applications:
- Real estate secured and non-real estate secured: coordinate all aspects of retail loan closings from title order through closing including secondary market deliveries and post-closing administration, in conformance with established Bank policies and procedures.
- Maintains contact with Sales Lending Assistant throughout the conditional approval stage regarding the status of the loan. Order title work from appropriate settlement agency or title company. Order retail loan appraisals; obtain and review hazard insurance, flood insurance, and loan payoffs to ensure accuracy and sufficiency.
- Communicates clear to close status. Work with settlement agent to obtain all required documents and closing details. Monitor pipeline for compliance with rate lock expirations, purchase and sale closing dates, investor delivery dates and document expiration.
- Completes closing information in the Loan Operating System, including escrow calculations, and produce closing documentation for all types of retail loans including CHFA, FHA, VA, USDA; check documents for accuracy and completeness; deliver closing packages to settlement agents.
Why Choose Chelsea?
The Bank has been named a Top Workplace in Connecticut since 2016. And with good reason! Our team members are encouraged and empowered to be better, go further, and help others. And there are lots of other perks too – competitive salary, 401(k) plan, paid time off, health benefits, wellness and engagement programs, leadership training, professional development, and learning opportunities for all team members, and more! Several members of the Bank’s team have been recognized in our industry and throughout the community by earning awards such as the Connecticut Bankers Association New Leaders in Banking, ICBA Forty Under 40, The Day Forty Under 40, Banking New England Women of FIRE, and more.
At Chelsea Groton, we don’t just meet the expectations of our community; we exceed them in the ways we, as a mutual bank, do business, and how we support local organizations financially and through volunteerism. We are focused on bringing together the best in digital, remote, and in-person capabilities. Our approach is designed around the lives of our customers so they can manage finances when, where and how they want, and team members can provide support to our customers in more ways too.
Apply today to join a company named Best Bank by The Day (2015 – present), Top Workplace by the Hartford Courant (2016 – present), and one of Forbes Best-In-State Banks (2021, 2022)!
Responsible for adhering to Bank policies and procedures relating to regulatory compliance requirements applicable to the job function including but not limited to the Bank Secrecy Act, Anti-Money Laundering, and Fair Lending. EOE/AA/M/F/D/V. Member FDIC.
