Commercial Loan Closing Specialist

Huntington National Bank • Columbus, OH

1d • Hybrid

About The Position

The Commercial Loan Closing Specialist - CIP is responsible for reviewing and organizing all necessary documentation to finalize commercial loan transactions. This includes ensuring accuracy, compliance with regulations, and coordinating with various parties involved, such as lenders, borrowers, and legal teams. The role involves meticulous attention to detail and a thorough understanding of commercial loan terms including legal concepts, collateral acceptability, and final closing conditions. The Commercial Loan Closer is responsible for initiating and driving the loan closing process while managing and expediting complex and concurrent processes. Expertise in review and interpretation of deal structures and legal documentation along with working through “gray areas” presented is required. Additionally Commercial Loan Closers work closely with Underwriters and Relationship Managers to resolve any outstanding issues and facilitate a smooth and timely closing. As a Commercial Loan Closer, your role involves overseeing and managing the entire commercial loan closing process.

Requirements

• Bachelor’s Degree
• 5+ Years Commercial Banking or Loan Administration

Nice To Haves

• Communication Skills: Effectively communicating with various stakeholders, including lenders, borrowers, and internal and external teams.
• Detail-Oriented: Meticulously checking details of the Credit Approval and Draft loan documentation to ensure all aspects of the loan closing process are accurate, error-free and comply with policy.
• Time Management: Managing a large loan portfolio encompassing multiple tasks and deadlines to ensure timely completion of loan closings.
• Problem-Solving: Identifying and escalating discrepancies that may arise during the loan closing process in a proactive and efficient manner.
• Partner Collaboration and Category of One Service: Providing excellent service to both internal and external clients throughout the closing process.
• Technical Proficiency: Utilizing loan management software and other tools to streamline processes and maintain accurate records.
• Adaptability: Being adaptable to changes in procedures, regulations, or industry practices to ensure ongoing effectiveness in the role.

Responsibilities

• Provide leadership and guidance to deal team, ensuring cohesion and effective collaboration.
• Ensure strict adherence and serve as control point to regulatory requirements (such as Flood and OFAC) and industry standards (such as Construction Monitoring and Specialized business needs) throughout the loan closing process.
• Identifying and escalate complex lending issues that may arise during the closing process, collaborating with various stakeholders to find solutions.
• Identify opportunities to enhance efficiency and effectiveness in the loan closing process, implementing improvements where needed.
• Engage with clients, lenders, and legal teams to facilitate smooth and transparent communication throughout the closing stages.
• Assess and mitigate potential risks associated with commercial loan transactions, ensuring the protection of the institution's interests along with that of our fellow collogues and borrowers.
• Implement quality control measures to guarantee the accuracy and completeness of loan documentation.
• Engage business partners in strategic decision-making related to the commercial loan closing process.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior