Sr. Loan Closing Coordinator

Bridgewater Bank • Saint Louis Park, MN

1d • $63,700 - $75,200 • Hybrid

About The Position

We are seeking an experienced Sr. Loan Closing Coordinator to 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

• 5 - 7 years of commercial 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

• SBA processing experience preferred
• Bachelor’s degree preferred

Responsibilities

• Completes Pre-Closing review of commercial loan file 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.
• Collaborate with external legal counsel to review and validate all loan-related documents. Identify discrepancies, request revisions, and confirm final documentation aligns with Loan Approval and BWB standards.
• 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.
• Manage closing pipeline that may include SBA loan processing and complex loan structures, such as SWAP Agreements, Master Agreements, Master Developments, Tax Increment Financing (TIF), Tax Revenue Pledges, Forward Commitments, Acquisitions, etc.
• Assemble and organize loan files electronically, complete audit checklist and file original documents per bank policies and procedures.
• Proactively monitor compliance tracking system to ensure lien is recorded timely and financial information required in the loan documentation is received.
• Mentor and develop loan closing team on bank products, policy, procedures, regulatory requirements, and lending practices.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Parental leave
• 401(k) with employer match
• Paid vacation & paid holidays

What This Job Offers

• Job Type: Full-time
• Career Level: Senior