Loan Closer Jobs

About The Position

Requirements

• At least 3 years of experience as a Wholesale Banking Loan Closer or in a related role.
• Experience using relevant banking and document-storage software applications.
• High school diploma or GED.
• Advanced knowledge of commercial loan documentation and structures, including commercial real estate, asset-based lending, general C&I lending, and complex non-real-estate transactions.
• Advanced knowledge of due diligence for complex loan transactions, including corporate documentation, leases, subordination agreements, property management agreements, borrowing bases, and titles.
• Knowledge of applicable banking regulations and security practices for fraud prevention and regulatory compliance.
• Advanced computer and Microsoft Office skills.
• Professional verbal and written communication skills.
• Ability to plan, schedule, and organize work to meet or exceed deadlines.
• Ability to provide interactive service, build relationships, and address needs.
• Ability to analyze and record detailed information and produce accurate, high-quality work.
• Ability to research and analyze information, identify viable options, draw conclusions, and present findings.
• Thorough knowledge of financial covenants, business entities, standard and non-standard loan products, commercial loan compliance policy, and closing processes.
• Ability to manage and organize a high volume of documents and interpret complex commercial loan documents.
• Ability to perform accurate calculations and transactions.
• Critical-thinking and analytical skills for reviewing transaction processing and file maintenance.

Nice To Haves

• Bachelor’s degree or an equivalent combination of education and experience.

Responsibilities

• Facilitate the closing of multiple large-dollar, complex commercial loans simultaneously.
• Review loan types, approval terms and conditions, bank policy, and regulations to determine closing requirements and develop due diligence and closing checklists.
• Perform due diligence for a range of commercial loans and administer pre-closing activities.
• Prepare loan documentation in the bank’s documentation system, ensuring accuracy and compliance with approved terms and requirements.
• Review legal closing documents for accuracy against loan approvals and credit write-ups.
• Manage a large pipeline of loans, workflows, and deadlines.
• Identify and obtain third-party reports, including title, surveys, entity documents, flood determinations, and UCC searches.
• Review reports and documents for accuracy and sufficiency under bank policy and regulatory requirements.
• Identify discrepancies and issues, facilitate resolution, and take corrective action.
• Act as a liaison with attorneys, third-party vendors, and customers.
• Follow up on closing requirements and monitor deadlines.
• Communicate with lenders and borrowers about the status of loan requests.
• Process disbursement of loan proceeds.
• Maintain and update electronic checklists and organize electronic commercial loan files.
• Meet Commercial Hubs service-level agreements and quality-control objectives.
• Provide clear, professional instructions, guidance, and requests to stakeholders.

Benefits

• Medical, dental, and vision insurance; the bank absorbs a major portion of healthcare costs.
• Life insurance at no additional cost to employees.
• Accidental death and dismemberment coverage.
• Long-term disability coverage.
• Paid sick and vacation leave.
• 11 holidays.
• Volunteer/service day.
• Employee stock purchase plan.
• 401(k) retirement plan with a 50% match on the first 8% of employee contributions.
• Flexible spending accounts.
• Health savings account.
• Health reimbursement arrangement.
• Supplemental life and other insurance plans.
• Identity theft protection.
• Pet insurance.
• Legal insurance.
• Employee assistance program.
• Employee advocacy program.
• Entertainment discounts through Tickets at Work.
• AT&T employee discount.
• Wellness discounts for medical premiums and other rewards.
• Employee referral incentive.
• Education assistance.
• Employee Resource Groups.
• Free interest checking, free safe deposit box, free money orders, travelers’ checks and cashier’s checks, a discount on mortgage origination fees, and free online banking and unlimited online bill payment.