Commercial Loan Closer

Woodforest National Bank•The Woodlands, TX

About The Position

Become a part of the diverse and inclusive team within our nationally recognized award-winning Bank that is one of the strongest in the nation. Woodforest National Bank is privately owned, and our Employee Stock Ownership Plan is the largest shareholder. We focus on building relationships and discovering opportunities to better serve our communities and understand the financial needs of every customer we serve. At Woodforest we care and prove it by volunteering with local charities and foodbanks to give back to the communities we serve. By joining Woodforest you will become a part of one of the largest employee-owned banks in the country! The Commercial Loan Closer is responsible for accurately setting up the customer, facility, loan, and collateral in the core banking system, in addition to closing Commercial loans in accordance with regulatory requirements and company policies and procedures. This includes working with the line of business, attorneys and various loan operations departments to ensure loan closings takes place as scheduled. The Commercial Loan Closer will also be responsible for the quality control and system review to ensure all loans are documented in accordance with the loan approval and the bank’s established guidelines. The Commercial Loan Closer will ensure loan closing packages are received back timely in addition to ensuring exceptions are cited accurately for deficient documents.

Requirements

Extensive knowledge of commercial and business banking loans with a strong understanding of accounting principles, loan processing procedures, and related regulations.
Proficient with Microsoft Office (Excel, Word, Outlook, SharePoint) and ability to navigate loan and bank software applications and related websites.
Excellent organizational and time management skills, with strong attention to detail and concern for accuracy.
Excellent customer service skills with the ability to effectively research and resolve issues and discrepancies.
Ability to interact and communicate effectively with internal and external parties.
Solid analytical and decision-making skills.
3+ years of Commercial loan closing, operations or lending experience.

Nice To Haves

Bachelor’s Degree in Business Administration, Finance, Accounting or other related field preferred.

Responsibilities

Orders and compiles loan documents in preparation for closing; works in conjunction with regionally assigned Relationship Managers, attorneys and title companies to execute requests and to ensure timely responses.
Establish and onboard borrowers, guarantors, facilities, loans, collateral and fees on the core commercial loan system in accordance with the credit agreement.
Performs quality reviews of Commercial loan files for accuracy as it relates to compliance with bank loan policies and procedures to assist in identifying training needs.
Knowledgeable in all aspects of Commercial loan documentation, understanding of legal entities and loan documents such as notes, security agreements, loan/credit agreements, etc.
Reviews final documents for completion and accuracy and ensures credit approval memo, loan approval system and credit agreement are consistent.