Retail Lending- Retail Lending Administrator

Retail Lending Administrator (NE-9)

Groton, CT

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. Strong communication within the bank among Loan Officers, Sales Assistants as well as outside vendors and Real Estate Attorneys and their staff. 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:

Processing and Closing all Retail Loan Applications

• Manages and closes consumer and real estate loans after underwriting approval. Ensure all conditions are satisfied, thirdparty services are ordered and received, and the file is fully prepared for closing. Work closely with underwriters, sales assistants, and loan officers to deliver an accurate, timely, and seamless loan experience.
• Reviews the underwriter's conditional approval and request outstanding items through the loan operating system. Collect, verify, and attach required documentation. Order and track thirdparty services such as appraisals, title work, insurance, VOE/VOI, mortgage insurance, payoffs, and verification services to ensure completeness and compliance.
• Completes closing information in the Loan Operating System, including escrow calculations. Prepare accurate and complete closing documentation for all retail loan types (CHFA, FHA, VA, USDA) and 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.