Commercial Loan Closer

Mountain America Credit Union•Sandy, UT

About The Position

Manages the closing processes for less complex commercial loans in accordance with MACU and NCUA rules and regulations, contributes to team administration, and participates in all aspects of the commercial lending cycle. The role coordinates, documents, and funds less complex structured commercial real estate loans, generally involving smaller balances up to $5 million, with moderate supervision. It requires regular communication and collaboration with loan officers, underwriters, borrowers, brokers, title companies, insurance agents, attorneys, management, members, and other third parties, while providing superior internal and external customer service. The position reviews approved credit memorandums and loan files, prepares closing needs lists and loan documentation, confirms approval requirements are satisfied, and maintains accurate records, lien perfection, and loan ticklers. It also handles UCC searches and filings, funding and wire-related processes, post-closing documentation, payoff quotes, reconveyances, releases, modifications, and assigned reports. The role reviews tax returns and professional real estate appraisals and may manage up to five loan files at a time. The position requires one year of loan closing experience in a progressive financial setting; commercial lending experience is preferred. Education equivalent to a two-year college degree or equivalent experience is required. The role has no supervisory or managerial responsibilities. Work is described as a typical office environment with moderate noise.

Requirements

One year of loan closing experience in a progressive financial setting.
Education equivalent to a two-year college degree or equivalent experience.
Intermediate skills with Microsoft Office Suite, including Outlook, Word, and Excel.
Good oral communication skills and the ability to present information appropriately to key stakeholders and all organizational levels.
Good writing and grammatical skills for preparing addendums, memorandums, and other written communications.
Unquestioned personal and professional integrity.
Ability to work autonomously and collaboratively in a fast-paced environment.
Organization and time-management skills, with the ability to work productively and efficiently across multiple projects and timelines.
Ability to adapt to change and respond positively to altered circumstances or conditions.
Willingness to learn and continually update knowledge of financial concepts, strategies, and systems.
Initiative and problem-solving ability, including suggesting process and efficiency improvements.
Ability to sit, talk, and hear consistently; stand, walk, and use hands to handle or reach occasionally; and lift up to 10 pounds occasionally.
Close vision and distance vision.

Nice To Haves

Experience working in a commercial lending setting.
Experience with loan origination systems.
Experience with loan documentation software.
Experience with Symitar.

Responsibilities

Coordinate, package, document, and fund less complex structured commercial real estate loans with loan officers, underwriters, borrowers, brokers, title companies, insurance agents, attorneys, and other third parties.
Follow company and business-unit policies, procedures, and guidelines for commercial real estate loan documentation.
Review approved credit memorandums and loan files, prepare closing needs lists, satisfy approval requirements, document loan files, and ensure loans close and fund according to approval documents and MACU policy.
Communicate with commercial title companies to clear exceptions and collateral issues and ensure appropriate lien positions on real estate collateral.
Prepare and file UCC searches and filings to ensure appropriate lien positions on UCC collateral.
Prepare loan documents, including trust deeds, notes, borrower certifications, beneficial ownership documents, borrower resolutions, and loan-specific documentation.
Prepare memorandums, modifications, and administrative actions for assigned loans.
Process and review IRS tax returns for accuracy.
Manage and prepare payoff quotes, reconveyances of trust deeds, partial releases, and collateral releases during refinances of existing loans.
Maintain accurate loan-file records, including lien perfections, and properly document and maintain loan ticklers.
Track and clear post-closing documentation when applicable.
Review and board CRE loans, request wires, approve other closing specialists’ wires, and fund loans.
Prepare assigned origination- and closing-related reports in a timely and efficient manner.
Review professional real estate appraisals to validate collateral accuracy and track income approach calculations.
Maintain regular communication throughout origination with loan officers, underwriters, management, and members.
Provide superior customer service to internal and external customers with respect to commercial loans.
Manage up to five loan files at a time.
Work with all teams to achieve monthly, quarterly, and annual goals.
Perform other duties as assigned.