Commercial Loan Closer (Branch Paralender)

First Community Bank•Columbia, SC

About The Position

The Commercial Loan Closer (Branch Paralender) prepares loan packages based on loan worksheets and commitment letters from commercial and retail bankers. This includes accurately preparing loan documentation, ordering and reviewing appraisals, verifying insurance coverage, and ordering or completing external documents such as flood, Census Tract, and Secretary of State records. The role supports commercial and retail bankers throughout the loan process by reviewing documentation, identifying and resolving exceptions, coordinating with centralized paralenders, and maintaining positive relationships with internal and external customers. It also involves applying Bank policies and lending practices, preparing wires and Bank tickets, reconciling construction inspection fee accounts, and producing month-end reports. The position requires compliance with applicable Bank policies, security guidelines, and federal, state, and local regulations.

Requirements

High school diploma or equivalent and 5 years of related experience, or an equivalent combination of education and experience.
Effective oral and written communication skills.
Ability to maintain professional focus.
Ability to perform basic to moderately complex mathematical calculations.
Problem-solving, critical-thinking, and analytical skills, including the ability to interpret information presented in written, oral, diagram, or schedule form.
Attention to detail and accuracy.
Proficiency with personal computers and office products such as Word and Excel.
Excellent customer service and interpersonal skills.
Strong organizational and time-management skills, including the ability to prioritize.
Willingness and desire to interact in a team environment.

Responsibilities

Analyze and interpret loan requests and documents of varying complexity, including consumer and commercial loans, collateral, renewals with increases, and modification agreements.
Apply Bank policies to loans, including loan-to-value ratios and appraisal criteria.
Order and review loan documentation and notify commercial and retail bankers of identified problems or issues.
Assist commercial and retail bankers with clearing collateral and financial statement exceptions.
Prepare accurate system-generated loan documents using information supplied by commercial and retail bankers.
Reconcile the construction inspection fees general ledger monthly.
Prepare month-end reports for commercial bankers using system-generated information.
Identify relevant insurance policies and review them to confirm adequate coverage for loans.
Prepare and send wires and various Bank tickets to accompany loan packages.
Complete documentation checklists showing received, pending, missing, incomplete, or questionable items; review executed loan documents from closing attorneys to help clear collateral exceptions.
Partner with commercial bankers, retail bankers, and centralized paralenders to support a smooth loan process and resolve documentation and timing issues.
Maintain a customer-service focus with internal and external customers.
Stay current on regulatory and compliance issues affecting credit decisions and loan documentation, including Fair Lending, HMDA, Credit Life, and Wolters Kluwer Financial Services resources.
Follow Bank policies and procedures, security guidelines, and applicable federal, state, and local regulations.
Maintain working knowledge of Bank loan products and services.