Loan Closing Coordinator

Bridgewater Bank•Saint Louis Park, MN

3d•$28 - $34•Hybrid

About The Position

We are seeking an enthusiastic and customer focused Loan Closing Coordinator to join our Loan Administration team in St. Louis Park. Reporting to the Director of Loan Closing Coordination, this Loan Closing Coordinator will provide closing and funding management of a diverse loan portfolio to ensure all loan documentation and funding is accurate and in compliance with internal and external policies and regulations.

Requirements

2 - 5 years of Commercial and Consumer loan processing and/or documentation experience
Strong oral and written communication skills
High attention to detail and in-depth knowledge of rules, regulations and policies relating to loan documentation

Nice To Haves

Bachelor’s degree preferred

Responsibilities

Completes pre-closing review of consumer and commercial loan files for items that support loan closing, which may include title/UCC search, title policy, flood certificates, proof of insurance or other due diligence information from various sources and prepare reports and/correspondence as appropriate.
Review of organizational documents to identify entity structure and signers.
Review Loan Approval to ensure terms are documentable, serviceable and follow bank policy, lending practices and regulatory statutes.
Manage closing process which includes verifying all required information is obtained, reviewed and signed off on, approval of final loan documentation, coordination with third parties, balancing closing statement and funding of loan.
Clear Post Closing exceptions for file related to lien security interests.
Proactively monitor compliance tracking system to ensure lien is recorded timely or extended. Files appropriate documentation when required to secure lien position.