Commercial Loan Closer

MidFirst Bank•Addison, TX

2d•Hybrid

About The Position

The Commercial Loan Closer ensures commercial, corporate, consumer, and commercial real estate loans are closed in accordance with loan approvals and the Bank’s credit policy. The role collects and reviews entity and collateral due diligence, prepares loan documentation, obtains required third-party reports, and administers the closing and funding process as a point of contact. It may also include loan booking responsibilities. The closer communicates with clients, third parties, and lending personnel to ensure the Bank’s security interest is properly documented and protected. This is a hybrid role based in Dallas, Texas.

Requirements

At least 3–5 years of applicable commercial loan closing experience, including commercial, consumer, real estate, and/or participation or syndication experience.
Bachelor’s degree or equivalent work experience.
Experience with LaserPro is required.
Proficiency with Microsoft Office, especially Word and Excel.
Thorough knowledge of lending regulations and compliance issues for commercial, real estate, consumer, letters of credit, and loan participations.
Ability to read, understand, interpret, and explain complex materials, including attorney-prepared loan documents.
Knowledge of lending contracts and documents such as deeds of trust, mechanic’s liens, promissory notes, security agreements, loan agreements, and UCC recordings.
Knowledge of basic state and federal lending laws, including Reg Z, HMDA, and CRA, relating to lending, collateral, lien perfection, and valid checks.
Knowledge of Loan Administration’s purpose and functions and its relationship to Lending, Accounting, and Client Services.
Effective listening, communication, and business writing skills, including the ability to explain complex information clearly.
Strong time management, organizational, and planning skills, with the ability to multitask and meet deadlines in a fast-paced environment.
Strong analytical and quantitative skills.
Ability to establish effective working relationships and resolve interpersonal conflicts, misunderstandings, or errors.
Ability to handle high volumes of work with regular interruptions and deadline pressure while maintaining accuracy.
Good judgment and discretion, including the ability to define problems, collect data, establish facts, and draw valid conclusions.
Ability to make routine decisions quickly and independently using standard policies and procedures and appropriate business etiquette.
Deadline-driven approach and exceptional attention to detail.

Nice To Haves

Experience with FIS Horizon software is helpful.

Responsibilities

Obtain third-party reports, including appraisals, appraisal reviews, title commitments and lien searches, UCC searches, environmental reports, property condition reports, flood certifications, and certificates of good standing.
Review collateral-related due diligence, including third-party reports, property insurance, leases, estoppels, SNDAs, security agreements, borrowing base certificates, accounts receivable, and brokerage statements.
Correspond with attorneys, title companies, insurance companies, and other external parties to obtain documents and coordinate closing schedules.
Prepare closing documentation using the Laser Pro system, and engage attorneys for larger or more complex business, C&I, commercial real estate, and interim construction loans.
Communicate with internal lending staff to obtain deal structure, loan terms, fees, and expected closing dates.
Verify that required SNDAs and estoppels are prepared and document whether they are required for funding or post-closing.
Conduct a final accuracy review of loan documentation and confirm it conforms with the loan approval before sending it to the title company or client.
Conduct loan closings when they are not handled by a title-company escrow agent.
Review signed loan documents at closing for accuracy and proper execution before funding.
Prepare funding advance forms documenting the allocation of funds for loan closings.
Image loan documentation and supporting materials to the imaging system in a timely manner.