Loan Specialist
Cambridge Trust Company - Cambridge, MA

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Reporting to the loan processing manager, this position is responsible for processing, preliminary underwriting, closing, and post-closing of residential mortgages and home equity applications.

Position Responsibilities:
  • Validate loan information and take each file from origination through closing
  • Calculate and process rate locks
  • Verify and calculate all loan documents, including income, asset, credit, and appraisal documentation
  • Ensure all required loan items are received and comply with company policy as well as state/federal regulations
  • Prepare file for underwriting review
  • Order appraisals, title, and subordinations as necessary
  • Pipeline management to ensure all critical deadlines are met
  • Maintain customer contact throughout loan process to request documentation and respond to customer inquiries
  • Coordinate closings with customers, attorneys, and loan officers
  • Prepare, review and send closing packages to attorneys and bank staff
  • Ensure files are complete and received through loan funding and follow up on any missing documents with closing attorneys, branches, and customers
  • Prepare loans for transmission to servicing system
  • Assist customers with questions regarding our online application system
Required Skills:
  • At least three years of mortgage processing and closing experience is required
  • Proficient computer skills, including MS Office, DU/LP and LOSs
  • Current with state and federal regulations as they pertain to the lending industry
  • Strong customer service and organizational skills
To apply, submit resumes to:
Fax to: 617-349-0784