Commercial Loan Closing Coordinator

Umb Financial • Kansas City, MO

84d • $44,790 - $86,510

About The Position

With UMB Loan Administration; the Commercial Loan Closing Coordinator associates focus their work toward commercial and business banking loans to ensure all closing requirements are gathered, reviewed and processed for loan closings. These associates are the determining factor on whether a commercial loan can close so customers can start their business endeavors. The Commercial Loan Closing Coordinator role takes on loans of all sizes and structures. These associates are solution-based problem solvers who aid our lenders and internal partners to ensure we are providing the unparalleled customer experience to customers and clients who are acquiring our loans. The fast-paced environment with unpredictable scenarios keeps our associates flexible and adaptable to changes to meet our overall business needs. Our Commercial Loan Closing Coordinator associates are motivated to be self-driven and enjoy the challenge of learning new skills while controlling the progression of their career.

Requirements

• Two years of Commercial or Commercial Real Estate loan Coordinating experience.
• High school diploma or equivalent.

Responsibilities

• Review loan approvals and communicate to lenders on items needed to work towards closing.
• Work directly with other internal business partners and title companies to coordinate loan closings.
• Ensure loans are closing per Loan Policy, Underwriting Guidelines and compliance regulations.
• Use problem solving skills to provide solutions to lenders and internal partners to see the loan across the finish line.
• Ensure strong communication and time management skills to keep the loan on track for closing.
• Order and review title commitments, flood determinations, environmental reports, and UCC searches.
• Review organizational documents and loan documentation for both internal and attorney prepared documentation.
• Work with loan accounting teams to ensure loans are funded, disbursed, and booked.

Benefits

• Paid Time Off
• 401(k) matching program
• Annual incentive pay
• Paid holidays
• Comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage
• Health savings, flexible spending, and dependent care accounts
• Adoption assistance
• Employee assistance program
• Fitness reimbursement
• Tuition reimbursement
• Associate wellbeing program
• Associate emergency fund
• Various associate banking benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: High school or GED
• Number of Employees: 1,001-5,000 employees