Commercial Loan Processor & Closer III

Arizona Financial Credit Union•Phoenix, AZ

6h•Hybrid

About The Position

This position serves a critical function within the origination process by coordinating with members, lenders, sales agents, and title companies, and collaborating cross-functionally to ensure an efficient and timely closing process in alignment with strict deadlines. Responsible for analyzing business loan structures to determine the appropriate due diligence required in alignment with risk, policy, and regulatory guidelines. Ensures loans are documented and funded in accordance with the credit approval and purchase contract. This position delivers an excellent member experience, both internally and externally, while ensuring all compliance requirements are fully met.

Requirements

High School diploma or GED
seven-ten (7-10) years’ experience in closing commercial loans or three (3) years’ experience supporting a volume of 13-18 commercial loan closings per month along with compliance and documentation regulations.
Professional written, verbal communication, problem solving, and interpersonal skills, along with the ability to produce quality work within tight time frames while managing multiple assignments.
Ability to work on core processing systems (JHA) and department specific processing systems (Sageworks / Laser Pro).
Knowledge of Microsoft Office and JHA.
Strong work ethic, the ability to prioritize and adapt to changing deadlines, advanced interpersonal skills, excellent communication, and the desire to work as a team to support the overall success of the credit union.
Strong knowledge base about conventional policies and procedures.
Completion of all required annual company training, including computer-based training (CBT) related to compliance, regulatory requirements, information security, and operational procedures.
Ongoing participation in commercial lending, documentation, systems, and compliance-related training, as required.

Nice To Haves

Bachelor’s degree or any relevant industry certification.
Sageworks experience.

Responsibilities

Demonstrates expert-level understanding of lien perfection and entity formation documentation.
Handles high-complexity and nonstandard transactions with layered entities, collateral, or legal documentation.
Operates autonomously, exercises advanced judgement to resolve nonstandard issues independently and escalates exceptions as needed.
Proactively balances multiple files and identifies potential delays.
Responsible for maintaining the minimum accuracy scores required for this position.
Collaborates with legal counsel on complex transactions that involve layered entities, attorney-prepared documentation, and unique collateral structures.
Demonstrates advanced proficiency in systems (LaserPro, Sageworks, Silverlake, Symitar).
Manages complex priorities with a high level of independence while ensuring consistent, timely completion.
Reviews and understands the loan approval to determine borrower, collateral, guarantor, loan structure requirements, determines due diligence requirements and prepares a closing checklist accordingly.
Analyze complex business loan structures to determine due diligence requirements.
Understands, determines, and obtains appropriate approval for compliance requirements, such as Commercial Customer Identification Program (CIP), BSA, ECOA, OFAC, etc.
Serves as a liaison between the borrower(s), sales, credit, underwriting, portfolio management, loan servicing, external partners, and 3rd party vendors ensuring the credit union meets closing deadlines and expectations.
Orders and reviews third party reports, such as preliminary title reports, flood certifications, Certificate of Good Standing, UCC searches, site visits, insurance certificates, lien/judgment reports, and any other required reports, as necessary.
Promptly and accurately determines when underwriting approval conditions have been satisfied or takes appropriate corrective action to resolve discrepancies while escalating questions or disputes to appropriate personnel when necessary.
Responsible for managing multiple workflows and advancing each stage as the loan progresses toward closing.
Prepares the loan funding package and disbursement by drafting lender’s instructions, reviewing settlement statements, completes a verbal verification of wiring instructions and balances the loan disbursement with escrow/title.
Coordinates the loan closing with all internal and external parties to ensure funding deadlines and expectations are met.
Submits loan files for Quality Control Review and resolves discrepancies prior to requesting loan documentation from the documentation team.
Reviews draft loan documentation to identify and resolve documentation errors such as dates, vesting, legal descriptions, signatory blocks, and other relevant data to ensure accuracy prior to releasing drafts documents to the sales team.
Manages workload by reviewing pipeline reports, providing weekly updates, and tracking work in progress to ensure internal (SLAs) are met.
Processes Adverse Actions requests as assigned.
Reviews executed loan documents to verify signatures, dates, and other relevant data prior to funding, and verifies closing conditions are met.
Organizes electronic files according to standards and understands the loan origination system.
Inputs applicable ticklers prior to boarding and ensures timely collection of post close trailing documents such as, UCC-1 fixture filings, recorded DOT, subordinations, leases, and final title policies.
Files originals documents in the vault upon receipt.
Ensures all documents are accurately filed within the centralized documentation system (Synergy).
Focuses on learning, accuracy and consistency and serves as subject matter expert in commercial closing.
Serves as a resource and coach to junior staff; supports onboarding and training.
Partners with leadership to implement procedural refinements and efficiency improvements.
Must be able to perform all responsibilities under general supervision.
Performs other job-related duties as assigned.