Senior Commercial Loan Documentation Specialist & Closer

Seattle Bank • Seattle, WA

6d • $110,000 - $130,000 • Onsite

About The Position

The position of Senior Commercial Loan Documentation Specialist & Closer is responsible for administering the Bank’s commercial and construction loan portfolio by partnering with Relationship Managers, Credit Administration and Loan Operations to process, document, book, fund and service all new commercial and construction loans. Due to the collaborative nature of our company, Seattle Bank requires full-time, in-person work. (One day/week Remote Work is available after 90-day review.)

Requirements

• Due to the collaborative nature of this position, it requires daily in-person work. [After a 90-day training period, this position allows for one day of work from home each week.]
• Minimum five (5) years of experience in Commercial processing, preparing loan documents, booking, funding and servicing all types of commercial loans.
• Minimum five (5) years of experience in reviewing business entity documents for completeness and accuracy.
• Ability to identify beneficial owners.
• Bachelor’s degree (BA) or equivalent from a four-year college or university preferred.
• Ability to analyze & critically review title policies, environmental reports, flood determination reports, insurance requirements, and UCC filings.
• Strong knowledge and experience generating customized loan documentation in LaserPro, or comparable software, required.
• Ability to translate repayment terms into system logic when boarding loans to our servicing platform
• Knowledge of borrowing based lending, construction lending, letters of credit, and multiple collateral properties.
• Strong organizational skills with the ability to work on multiple projects requiring flexibility with changing priorities and ability to prioritize to meet deadlines.
• Knowledge of related state and federal banking compliance regulations, bank operational and lending policies and procedures, and the bank's products and services, including applicable lending regulations.
• Exceptional verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, read, analyze and interpret documents and professional journals, understand procedures, write reports, correspondence and procedures, speak clearly to customers and employees.
• Proficiency with personal computers and related software packages such as Word and Excel.
• Excellent organizational and time management skills.

Nice To Haves

• Experience with Finastra Phoenix loan servicing platform is preferred.
• SBA 7(a) or SBA 504 experience is preferred.

Responsibilities

• Physically attending work on a set and predictable schedule is an essential function of this job.
• Prepare loan documentation for all types of loans to include commercial and construction loans while ensuring compliance with the credit approval, policies, laws and regulations.
• Coordinate complex loan deals, including working in partnership with Relationship Managers, customers, attorneys, appraisers, title representatives and other applicable parties during all phases of the loan closing.
• Order and review third party reports based on collateral type to include title commitment policy, flood determinations, environmental reports, UCC searches and tax monitoring.
• Participate in the preflight generation process with the Relationship Managers and Credit Administration to ensure that all documentation requirements are identified before approval.
• Analyze title commitment reports to identify all required endorsements and ensure compliance with bank guidelines.
• Coordinate clearing of all title issues/exceptions and prepare detailed title/escrow instructions.
• Act on items affecting the disbursement process, including change orders, sufficiency of funds, liens, set asides, restricted starts, etc.
• Board new and renewed loans to the Finastra Phoenix core accurately and timely, disburse loan funds, and maintain organized electronic collateral files.
• Ensure the bank’s lien position has been accurately and timely perfected and protected through UCC filings, Deed of Trust recordings, and assignment of applicable insurance policies.
• Manage and monitor loans on an ongoing, day-to-day, and transactional basis working in close partnership with the Relationship Managers, customers and Loan Operations team.
• Mentor and train junior Loan Administrators.
• Provide reports and files as needed for Management, Auditors, Regulators and/or the Board of Directors, as necessary.
• Assist management with special projects related to streamlining workflows, optimizing procedures and ensuring accurate reporting
• Follows all Bank policies, procedures, compliance regulations and training requirements.
• Other duties as assigned

Benefits

• Medical/Vision, and Dental insurance
• Life Insurance, Long Term Disability, Voluntary Life
• 401K with Bank contribution, Stock Award, and Incentive Opportunity
• Paid Time Off: Vacation – 3 Weeks Sick Time – 1 hour per 40 hours worked Holidays – 10 days
• Transportation and fitness benefits
• And fun, extra perks such as company social events, paid volunteer hours, quarterly incentive awards, and professional development opportunities.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees