Commercial Loan Closing Admin

Security Service Federal Credit Union • San Antonio, TX

71d

About The Position

Responsible for tasks associated with various commercial loan functions from the pre-closing process to the boarding of the loan in accordance with established loan policies, procedures, guidelines and regulatory requirements. Analyzes internal credit union's Credit Approval Memo (CAM) to determine required due diligence and documentation needed for each loan transactions. Coordinates pre-closing requirements with internal and external clients, i.e. loan officers, underwriters, borrowers and attorneys, as necessary. Interacts with attorneys to prepare complex loan transactions and coordinates with title companies to ensure loan closings are handled efficiently and according to loan procedures. Prepares LaserPro documents for complex commercial loans (to include C & D /construction loans) generally less than $15MM. Prepares and reviews loan-closing checklists to ensure all necessary documents and fees are listed and provide checklists to title companies to assist in the preparation of settlement statements. Reviews lease documents using specific approved loan terms while complying with internal policies and procedures as well as regulatory and legal requirements. Provides technical training to team members as requested by the management. Updates all internal reports i.e. closed loans, approval/denials, exceptions, and etc., timely and accurately insuring they comply with the approved CAM and adhere to loan policy and procedures. Provides servicing team with funding/boarding support needed to close/fund commercial loans. Prepares loan closing worksheets for processing, booking, and monitoring of loans on core system, providing management reports as requested. Prepares and/or reviews modification/forbearance agreements. Must meet quality standards, timelines, and department metrics. Completes any other job related duties needed to help drive to our Vision, fulfill our Purpose, and abide by our Organization's Values.

Requirements

• High school diploma or equivalent.
• Minimum of six (6) years of loan administration/operations experience or comparable administrative/service experience with emphasis in commercial products.
• Knowledge of commercial loan documentation, title policies, appraisals, environmental assessments, and strong entity formation documents.
• Knowledge of commercial lending products, credit policy, loan documentation and administration requirements, and legal and regulatory guidelines.
• Ability to interpret bank and regulatory policy and guidelines to prevent issues and errors.
• Strong customer service and communication (verbal, written, listening) skills.
• Ability to work in a high volume environment while maintaining a professional demeanor.
• Knowledge of Microsoft Office software: Word, Excel, PowerPoint, Outlook, and Access.
• Ability to research and use the Internet efficiently.
• Ability to work independently in a high-paced, deadline-driven environment.
• Excellent organization, critical deadline monitoring, and ability to prioritize and expedite requests.
• Demonstrated self-motivation by managing own work schedule while keeping pace with priorities of management.

Responsibilities

• Analyze internal credit union's Credit Approval Memo (CAM) to determine required due diligence and documentation needed for each loan transaction.
• Coordinate pre-closing requirements with internal and external clients, including loan officers, underwriters, borrowers, and attorneys.
• Interact with attorneys to prepare complex loan transactions and coordinate with title companies for efficient loan closings.
• Prepare LaserPro documents for complex commercial loans, including C & D/construction loans generally less than $15MM.
• Prepare and review loan-closing checklists to ensure all necessary documents and fees are listed.
• Review lease documents using specific approved loan terms while complying with internal policies and regulatory requirements.
• Provide technical training to team members as requested by management.
• Update internal reports on closed loans, approvals/denials, and exceptions timely and accurately.
• Provide servicing team with funding/boarding support needed to close/fund commercial loans.
• Prepare loan closing worksheets for processing, booking, and monitoring of loans on core system.
• Prepare and/or review modification/forbearance agreements.
• Meet quality standards, timelines, and department metrics.
• Complete any other job-related duties as needed.

What This Job Offers

• Industry: Credit Intermediation and Related Activities
• Education Level: High school or GED