Loan Closing Specialist

Capital Bank • Rockville, MD

6d • Hybrid

About The Position

The Loan Closing Specialist is primarily responsible for managing the documentation and closing process for assigned commercial and consumer loans either through close coordination with outside counsel or by preparing internal LaserPro or Encompass loan documents.

Requirements

• 4+ years experience in a commercial loan documentation or servicing role.
• Knowledge of lending and banking policies, procedures, and regulations.
• Strong understanding and knowledge in working with commercial and consumer legal documentation, collateral, various legal entities, and the associated processes related to loan settlement processes.
• Firm understanding of regulations related to commercial lending, and working knowledge of consumer regulations such as Reg Z, TRID and Flood.
• Microsoft Office software suite (Word, Excel).
• Excellent oral and written communication skills

Nice To Haves

• Preferred experience with the LaserPro loan documentation system.

Responsibilities

• Analyze loan approval packages for completeness, accuracy and conformance with bank polices and department procedures.
• Verify due diligence and required documents from third parties are received and accurate.
• Manage competing priorities and coordinate multiple requests to meet closing deadlines.
• Prepare loan documents for new loans, modifications, and renewals using LaserPro, Encompass, or working with legal counsel. The scope includes commercial, commercial real estate, construction and SBA loans, as well as various consumer loans and mortgages.
• Review attorney prepared loan documents for accuracy and policy conformance.
• Interact with loan officers, attorneys and bank personnel to coordinate loan document preparation, closing and funding.
• Conduct pre-closing review to ensure internally or externally prepared loan documents comply with approval and Bank policy and that pre-closing conditions are met.
• Conduct post-closing review of loan files to confirm compliance with closing conditions and completeness of package.
• Complete checklists and internal control documents to maintain data integrity and loan input quality.
• Comply with all federal and state rules and regulations that affect this job position and perform the required ongoing training for those regulations as directed by the Compliance Officer.
• Participate in special projects and other job duties as assigned.

Benefits

• Medical
• Dental
• Vision
• Company Paid Life Insurance
• Disability Insurance
• Company Contributions to your 401k
• Paid Parental Leave
• Employee Recognition Program
• Leadership Program
• Tuition Reimbursement Program
• Employee Bank Checking Account
• Generous Paid Time Off
• Paid Holidays
• Paid Charity Hours

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed