Commercial Loan Closer

MidFirst Bank•Dallas, TX

1d•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 gathers and reviews entity and collateral due diligence, prepares loan documentation, obtains required third-party reports, and serves as the process administrator and point of contact throughout closing and funding. This hybrid position may 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.

Requirements

Minimum 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.
LaserPro software experience required.
Highly proficient with Microsoft Office, including Word and Excel.
Thorough understanding of lending regulations and compliance issues associated with commercial, real estate, consumer, letter of credit, and loan participation transactions.
Ability to read, understand, interpret, and effectively explain complex materials, including attorney-prepared loan documents.
Knowledge of lending contracts such as deeds of trust, mechanic’s liens, promissory notes, security agreements, loan agreements, and UCC recording.
Knowledge of basic provisions of state and federal laws pertaining to lending, collateral, perfection of liens, and valid checks, including Reg Z, HMDA, and CRA.
Knowledge of Loan Administration functions and how they relate to Lending, Accounting, and Client Services.
Effective listening, communication, and basic 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.
Superior analytical and quantitative skills.
Ability to establish productive working relationships, resolve interpersonal conflicts, and correct misunderstandings or errors.
Ability to handle high volumes of work with regular interruptions and deadline pressure while maintaining accuracy.
Ability to use sound judgment and discretion, define problems, collect data, establish facts, and draw valid conclusions.
Ability to make routine decisions quickly and independently based on standard policies or procedures, using standard business etiquette.
Deadline-driven, with exceptional attention to detail.

Nice To Haves

FIS Horizon software experience.

Responsibilities

Obtain required 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 outside entities 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 date.
Verify that required SNDAs and/or estoppels have been prepared and document whether they are required for funding or post-closing.
Review loan documentation for accuracy and conformity with loan approval before sending documents to the title company and/or client.
Conduct closings for loans not closed by an escrow agent through a title company.
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 documentation to the imaging system in a timely manner.