Commercial Loan Closer

Colonial Savings.•Fort Worth, TX

19h

About The Position

The Commercial Loan Closer independently coordinates and manages commercial loan closings and funding in accordance with bank policies, procedures, regulatory requirements, and approved loan terms. The position handles complex transactions with minimal supervision and works with commercial lenders, credit administration, legal counsel, title companies, borrowers, and other parties to ensure loans are accurately documented, closed, and funded on time. The role reviews approvals and closing requirements; coordinates loan document preparation and execution; evaluates borrower organizational documents and collateral materials; prepares and verifies closing and funding documentation; and checks executed documents for completeness and accuracy. It also maintains closing records, coordinates loan package delivery and post-closing follow-up, monitors outstanding requirements, communicates closing status and issues, and escalates potential documentation, collateral, or compliance concerns. The position has no supervisory responsibilities.

Requirements

High school diploma or equivalent required.
At least 5 years of commercial loan closing or commercial loan documentation experience preferred.
Demonstrated experience independently managing commercial loan closings with minimal supervision.
Experience with commercial real estate loans, commercial and industrial loans, construction loans, and commercial lines of credit.
Experience reviewing complex borrowing entities, collateral structures, and loan documentation.
Experience working with commercial lenders, attorneys, title companies, and other parties involved in commercial loan transactions.
Strong understanding of commercial lending practices, loan documentation, and closing procedures.
Working knowledge of commercial loan structures, including commercial real estate, construction, commercial and industrial loans, and lines of credit.
Strong knowledge of collateral documentation, lien perfection, title commitments, surveys, insurance requirements, and UCC filings.
Ability to review and interpret commercial loan approvals, legal and organizational documents, and closing instructions.
Ability to recognize documentation deficiencies, inconsistencies, and potential risks and take appropriate steps to resolve them.
Strong mathematical, analytical, and problem-solving skills.
Strong organizational skills and ability to manage multiple priorities and deadlines in a fast-paced environment.
Strong attention to detail and commitment to accuracy.
Ability to work independently, exercise sound judgment, and make decisions within established policies and procedures.
Proficiency in Microsoft Office applications and commercial loan documentation and processing systems.
Strong written and verbal communication skills.
Ability to work effectively with internal and external transaction parties.
Ability to maintain confidentiality and handle sensitive customer and financial information.
Ability to adapt to changing priorities and work additional hours when necessary to meet closing deadlines.
Ability to operate a personal computer and standard office equipment; read, review, and interpret written and electronic documents; and communicate in person, by telephone, and electronically.
Ability to perform duties in a standard office environment, with or without reasonable accommodation.

Nice To Haves

Associate’s or bachelor’s degree in business, finance, accounting, or a related field.
Additional training or certification in commercial lending, loan documentation, or banking operations.

Responsibilities

Manage commercial loan closings from receipt of approval through documentation, execution, funding, and delivery of completed loan files.
Review loan approvals, underwriting conditions, and supporting materials to confirm closing requirements are met and documents reflect approved terms.
Coordinate preparation, review, and execution of commercial loan documents, including notes, loan and security agreements, deeds of trust, and guarantees.
Review organizational and legal documents for borrowing entities to verify authority and execution requirements.
Review title commitments, surveys, insurance documents, lien searches, UCC filings, and other collateral documents; identify and resolve deficiencies before closing.
Coordinate with lenders, credit administration, legal counsel, title companies, borrowers, and other transaction parties to resolve documentation issues and facilitate timely closings.
Confirm loan approval conditions, collateral requirements, and documentation exceptions are addressed before funding.
Prepare and review closing instructions, settlement statements, funding requests, and disbursement documentation for accuracy and compliance with approved terms.
Calculate principal, interest, fees, loan proceeds, and other transaction amounts.
Coordinate funding of loan proceeds and prepare and verify funding instructions and disbursement requests in accordance with bank procedures.
Verify liens and security interests are documented and that appropriate steps have been taken to establish and perfect the bank’s collateral position.
Review executed loan documents for completeness, accuracy, and proper execution, and resolve deficiencies.
Maintain closing records, checklists, and documentation tracking outstanding requirements, conditions, and post-closing exceptions.
Deliver completed loan packages to the appropriate department for boarding, servicing, imaging, and retention.
Monitor and follow up on post-closing items, including recorded deeds of trust, original security instruments, title policies, and lien filings.
Communicate closing status, outstanding requirements, possible delays, and matters needing additional approval or attention to lenders and management.
Manage multiple closings while maintaining accuracy, meeting deadlines, and providing service to internal and external customers.
Ensure compliance with banking regulations, internal controls, loan policies, and closing procedures.
Identify potential documentation, collateral, or compliance concerns and escalate them as necessary.
Perform other duties as assigned by management.