Hiring Range: $24.56 - $39.48
The posted salary range reflects Eastern’s expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.
The Loan Production Specialist II supports the end-to-end process of business and commercial loan production, from due diligence through post-closing administration. This role ensures accuracy, compliance, and efficiency across loan documentation, funding, and system workflows. Responsibilities and required expertise increase with grade level, reflecting greater proficiency, leadership, and subject-matter expertise
Core Responsibilities
Conduct due diligence for business and commercial loan requests.
Fulfill testing and QA activities pertaining to manual rate changes, insurance administration and Participation transaction flows.
Track, monitor, and escalate exceptions pertaining to the commercial loan administrative programs.
Assist with project, audit, and research related projects pertaining to the Commercial loans.
Perform control testing.
Specialized Focus Areas
Perform document quality assurance prior to loan boarding.
Handle complex Participation and Syndication loan originations, ensuring processing and documentation are completed timely and accurately.
Provide Commercial and Business Banking loan documentation expertise for QA activities and/or LaserPro documentation production.
Critical Processing Validations
Ensure insurance requirements and coverage are appropriately met for applicable collateral or conditions (e.g., dwelling, flood, all-asset coverage).
Ensure collateral records and tracking are accurately documented.
Ensure loan terms and conditions are satisfied prior to disbursement.
Serve as a cross-trained team member supporting collaborative workflow and production management.
Maintain strong quality control and regulatory adherence.Qualifications
High school diploma or equivalent required; Associate's or Bachelor's degree preferred.
2–8+ years of experience in loan production, commercial lending, or financial services, commensurate with grade level.
Strong understanding of commercial loan documentation, funding procedures, and system workflows (e.g., nCino, core banking systems, LaserPro).
Proficiency in loan origination platforms and Microsoft Office Suite.
Excellent analytical, organizational, and communication skills.
Ability to work independently and collaboratively in a fast-paced environment.
Skills Required
- High school diploma or equivalent
- 2-8+ years of experience in loan production, commercial lending, or financial services, commensurate with grade level
- Understanding of commercial loan documentation, funding procedures, and system workflows
- Proficiency in loan origination platforms and Microsoft Office Suite
- Analytical, organizational, and communication skills
- Ability to work independently and collaboratively in a fast-paced environment
- Associate's or Bachelor's degree
Eastern Bank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Eastern Bank and has not been reviewed or approved by Eastern Bank.
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Retirement Support — A defined‑benefit pension layered with a 401(k) and ESOP/cash‑balance elements creates uncommon depth for long‑term wealth building. This retirement stack differentiates the total package versus many regional banks.
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Equity Value & Accessibility — An employee stock ownership plan adds equity participation alongside core pay and benefits. IPO‑related share allocation underscores the program’s role in total rewards.
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Inclusive Benefits Coverage — Long‑standing LGBTQ+ support and sustained recognition for equality practices indicate benefits parity such as equal partner coverage. Employee networks and an inclusion focus are positioned as integral to the overall benefits experience.
Eastern Bank Insights
What We Do
Founded in 1818, Boston-based Eastern Bank is Greater Boston’s leading local bank and the largest bank-owned independent investment advisor in Massachusetts with approximately 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. Eastern provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management and Private Banking divisions, and takes pride in its outspoken advocacy and community support that includes more than $240 million in charitable giving since 1994. An inclusive company, Eastern is comprised of deeply committed professionals who value relationships with their customers, colleagues and communities. Member FDIC, Equal Housing Lender Investments are not FDIC Insured • May Lose Value • Not Bank Guaranteed • Not a Deposit • Not Insured By Any Government Agency
