Commercial Loan Closer

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