CO Loan Closing Specialist

MidFirst Bank

4d•$70,000 - $85,000

About The Position

The Loan Closing Specialist is primarily responsible for the thorough review of loan approvals to determine due diligence requirements, prepare accurate commercial loan documents, complete loan disbursements and any other duties associated with the loan closing process. This position requires a key focus on communication, proactively interacting with internal and external customers and third-party vendors.

Requirements

Minimum 3 years of commercial loan documentation experience required; experience with LaserPro preferred
Bachelor degree preferred
Proficient in Microsoft Office Programs
Ability to work independently as well as appropriately escalate issues requiring management level decision making
Excellent verbal and written communication skills
Great organization skills, highly detail oriented
Ability to work under pressure to meet deadlines
Extensive knowledge of vendor and entity documents such as title work, appraisals, flood determinations, insurance certificates, operating agreements, etc.
Working knowledge of commercial and consumer lending policies and state and federal laws and regulations
Working knowledge of complex commercial style transactions
Demonstrate a thorough understanding of applicable bank policies and procedures as they pertain to the satisfaction of loan closing conditions as well as vendor documents and services

Responsibilities

Monitor loan assignments to ensure prompt processing and meet deadlines
Determine requirements, request and review for accuracy all due diligence items, including property and entity related items
Maintain organized electronic files and notes
Prepare worksheets and checklists as required
Prepare accurate commercial loan documents that comply with internal policies and regulatory requirements; review and ensure accuracy and quality control with strong attention to detail
Work with consumer documentation team, review disclosures and documents for loan closing
Upload due diligence items to Imaging system
Communicate and coordinate with Lenders, Commercial Loan Associates and third-party vendors to collect needed items and schedule loan closings
Effectively communicate verbally and in writing with team members, Loan Officers, third-party vendors, internal and external customers and associates
Prepare timely and accurate disbursement of loan proceeds and fees
Perfect collateral position
Assist in preparation of Collateral Release Requests
Process loan advances and payments
Other duties as required