Commercial Loan Closing Coordinator II

UMB Bank•Kansas City, MO

1d•$59,085 - $86,922

About The Position

The Commercial Loan Closing Coordinator works in UMB Loan Administration, focusing on commercial and business banking loans. The role ensures that closing requirements are gathered, reviewed, and processed so loans can close. Coordinators work with loans of varying sizes and structures and partner with lenders, internal business partners, title companies, and loan accounting teams to move loans through closing, funding, disbursement, and booking. This is a fast-paced role involving changing scenarios and business needs. The coordinator applies problem-solving skills to provide solutions, supports a strong customer experience, and ensures closings comply with Loan Policy, Underwriting Guidelines, and applicable regulations. Strong communication and time-management skills are needed to keep loans on track and ensure all parties are aligned.

Requirements

Two years of Commercial or Commercial Real Estate loan coordinating experience.
High school diploma or equivalent.
Strong communication skills.
Strong time-management skills.
Problem-solving skills.

Responsibilities

Review loan approvals and communicate to lenders about items needed to work toward closing.
Work directly with internal business partners and title companies to coordinate loan closings.
Ensure loans close in accordance with Loan Policy, Underwriting Guidelines, and compliance regulations.
Provide solutions to lenders and internal partners to move loans through closing.
Use strong communication and time-management skills to keep loans on track and parties informed.
Order and review title commitments.
Review flood determinations.
Order and review environmental reports.
Order and review UCC searches.
Review organizational documents and loan documentation, including internal and attorney-prepared documentation.
Work with loan accounting teams to ensure loans are funded, disbursed, and booked.