Commercial Loan Funder I

SIMON•Fort Worth, TX

13d

About The Position

It's fun to work in a company where people truly BELIEVE in what they're doing! We're committed to bringing passion and customer focus to the business. Position Summary The Commercial Loan Funder is responsible for reviewing and funding Commercial loan transactions that have documentation prepared by an Attorney. Transactions may include Real Estate collateral assets, Non-Real Estate collateral assets, or Agricultural collateral assets. The loan transactions are reviewed prior to closing to verify that all credit policy, compliance, and collateral issues are addressed as required by the nature and structure of the transaction. All executed loan documents are reviewed by the Commercial Loan Funder prior to the disbursement of loan proceeds to ensure all issues have been addressed and all documents are properly executed. The Commercial Loan Funder has the sole responsibility to apply expertise and judgment on the quality of the loan transaction and has sole control over the disbursement of the loan proceeds.

Requirements

Ability to read and interpret documents such as procedure manuals, general business correspondence and/or journals or government regulations.
Ability to write simple correspondence.
Ability to effectively present information in one-on-one and small group situations, to other employees in the organization.
HS Diploma/GED, or Applicable loan documentation and processing experience
MS Office programs

Responsibilities

Review of preliminary loan documentation that consists of title commitment, hazard insurance, flood certificate, tax certificate, appraisal, construction contracts, entity documents, UCC lien searches, etc.
Receive executed file from the title company or lending staff, review for accuracy and completeness.
Fund the loan via wire transfer, cashier’s check, or deposit to account.
File UCC filings electronically, when applicable.
Prepare the loan package for booking and Post-Close Review.
Interact with title companies, attorneys, and lending staff regarding questions and concerns.
Stays informed of the latest changes and trends in compliance and credit policy.
Position requires compliance with federal lending regulations, including the Real Estate Settlement Procedures Act, Truth in Lending Act, Flood Disaster Protection Act, Homeowners Protection Act, and Home Mortgage Disclosure Act.
Position requires compliance with all banking regulations, including the Bank Secrecy Act/Anti Money Laundering regulations. All BSA/AML related reports will be required to be filed as appropriate.
Ensures all departmental documents and activities are performed in compliance with applicable laws, regulations, policies, and procedures as required for this position, including completion of required compliance training.
Performs other duties and responsibilities as assigned.