Role Overview

Responsible for facilitating the commercial loan closing process via timely and accurate preparation and review of commercial loan documentation.
Responsible for identifying and resolving any/all issues prior to closing, and for ensuring commercial loan documentation and closing packages adhere to the loan approval, loan policy/procedures, and compliance with banking regulations.
Ensure commercial loan documentation packages are complete and ready for closing.
Responsibility and authority to deny or delay loan closing based on findings of the commercial loan documentation package review.
Review commercial loan packages for: Completeness, accuracy, and legality of the documentation, Compliance with regulatory requirements, Adherence to bank policy/procedures, Adherence to all terms, conditions and requirements of the loan approval.
Ensure adequate approval authority is obtained.
Collaborate with Loan Processors, Lending Assistants and Commercial Lenders to ensure all documentation and due diligence is completed accurately prior to loan closing.
Makes decisions, recommendations and provides guidance to Loan Processors, Lending Assistants and Commercial Lenders for additional documentation as applicable.
Review for Home Mortgage Disclosure Act (HMDA) compliance, as applicable.
Verify flood and hazard insurance requirements are met/fulfilled, including but not limited to validation of coverage and documentation of loss payee.
Ensure compliance with SBA requirements, including but not limited to validation of SBA Authorization against Bank loan documents.
Coordinate handoff to booking and funding.
Maintain a thorough understanding of the documentation requirements of commercial loans and SBA loans.
Perform other duties as assigned.

Requirements

5 + years commercial loan documentation experience to include experience in commercial loan documentation review, quality control, and/or audit review
Working knowledge of commercial loan documentation, loan policy, and banking regulations
Strong decision making and organizational skills with attention to detail
Bachelor's Degree or Equivalent business experience in commercial banking loan servicing or loan administration, internal audit, risk management, quality assurance or quality control
Basic accounting knowledge
Strong organizational skills with the ability to work in dynamic environment, that demands the ability to manage multiple and often competing priorities
Strong interpersonal skills and problem solving skills
Excellent customer service skills

Jefferson Bank

Open Positions (1)

Engineering

Commercial Loan Closer