Commercial Loan Closer/Funder

Chartway Federal Credit Union•Salt Lake City, UT

10d•Onsite

About The Position

Reporting to the Commercial Support Manager, the Commercial Loan Closer/Funder is responsible for preparing commercial loan closing documents, validating loan readiness, and executing funding activities while ensuring compliance with all applicable laws, regulations, Chartway policies, and quality standards. Serving as the final quality checkpoint prior to funding, this role applies technical expertise and sound judgment to ensure commercial loans close accurately, collateral is properly perfected, and members and business partners receive a seamless closing experience.

Requirements

Five or more years of commercial lending experience required
Experience with commercial loan documentation, loan closing, funding, collateral documentation, and regulatory compliance required.
Experience with a commercial loan origination system (LOS), including loan setup, document preparation, funding activities, loan boarding, modifications, and general ledger (GL) validation.
Working knowledge of commercial lending systems, commercial loan closing, funding, collateral management, post-closing processes, and regulatory requirements, including:
Finastra LaserPro for commercial loan document generation
Document imaging and electronic document management systems
CoreLogic Flood or Lereta flood determination platforms
Commercial loan boarding within Symitar
NAICS coding, Call Report coding, and CRA classifications
Commercial loan amortization schedules and payment structuring
Collateral management, including UCC filings, mortgages, insurance tracking, covenant monitoring, and collateral perfection
Tickler and tracking systems used to monitor post-closing documentation, exceptions, and servicing requirements
OFAC, AML, KYC screening platforms
Microsoft Teams, SharePoint, Adobe, and electronic signature platforms
Demonstrates a strong understanding of the commercial loan closing and funding process, ensuring documentation, funding, collateral, and system records are accurate, complete, and compliant prior to disbursement.
Exercises sound judgment while reviewing complex commercial loan documentation, identifying discrepancies, mitigating risk, and resolving issues before funding.
Maintains exceptional attention to detail and accuracy while balancing multiple funding deadlines and competing priorities.
Strong analytical, technical, and problem-solving skills with the ability to proactively identify issues, mitigate risk, and coordinate timely resolution.
Excellent written and verbal communication skills with the ability to build productive working relationships with Commercial Loan Officers, Commercial Loan Processors, title companies, attorneys, borrowers, and internal business partners.
Ability to work independently while collaborating effectively across departments to deliver accurate, timely loan closings and an exceptional member experience.
Commitment to continuous learning and maintaining current knowledge of commercial lending regulations, documentation requirements, systems, and industry best practices.
Candidates must have a good credit history for consideration.
Salary requirements must be included and resumes must be accompanied by a Chartway Employment Application for consideration.

Nice To Haves

Credit union or financial institution experience preferred
Construction Loan knowledge a plus, but not required

Responsibilities

Communicate with the Commercial Lending Team regarding the status of closing requests and verify all information required to fund commercial loans.
Conduct the final review of commercial loan documentation to verify accuracy, completeness, regulatory compliance, and funding readiness prior to closing. Resolve documentation issues by coordinating with Commercial Loan Officers and Commercial Loan Processors to ensure all funding requirements have been satisfied.
Prepare commercial loan closing document packages that accurately reflect approved loan terms and documentation requirements.
Execute commercial loan funding and disbursement activities after validating documentation, funding requirements, collateral documentation, and all prior-to-close conditions have been satisfied.
Board newly funded commercial loans to the core system, ensuring complete, accurate, and timely loan records.
Balance loan transactions and process wire transfers accurately and within established service standards.
Complete post-closing responsibilities, including UCC filings, post-UCC searches, collateral perfection, account funding, and verification that all post-closing documentation requirements have been completed.
Ensure all documentation and funding activities conform to Chartway policies, procedures, regulatory requirements, and internal quality standards.
Provide backup support to the Commercial Loan Servicing Specialist as business needs require.
Perform other related responsibilities as assigned to support Commercial Operations.