Credit Products Commercial Loan Fulfillment Specialist

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Job Description:

At Regions, the Credit Products Commercial Loan Fulfillment Specialist orchestrates the closing process for all members of the Relationship Team and vendors associated with each loan. The closing process entails providing assistance by completing, collecting, and analyzing documents necessary for the extension of credit, booking the loan, resolving documentation exceptions post-closing, and interacting with borrowers, outside counsel, bank associates, and a variety of third parties.
 Primary Responsibilities
 Drafts and reviews loan documentation ranging from simple to high volume or high complexity for commercial purpose loans in a multi-state environment
 Understands the risks associated with closing various types of commercial loans
 Obtains the necessary documents to evidence the debt and secure the loan
 Ensures the loan is closed per loan approval and that supporting documentation conforms to loan approval and policy
 Identifies potential issues related to documentation, policy or regulatory requirement and remediate prior to closing
 Communicates frequently with business partners throughout the closing process
 Complies with departmental performance level metrics
 Contributes to the formulation of plans to mitigate risks
 Understands the client’s needs and identify opportunities to improve and resolve client service issues related to the extension of commercial credit
 Serves in a problem solving capacity by providing client service for loan products
 Addresses loan setup issues promptly to ensure system data integrity
 Partners with one (1) or more of the following segments:
Commercial Banking, Branch Small Business, Private Wealth, Real Estate Banking (includes Home Builder Finance, Income Property Finance, Affordable Housing, Real Estate Corporate Banking), Regions Equipment Finance, Specialized & Diversified Industries, and Problem Asset Management
 Supports in Real Estate Banking, Regions Equipment Finance, Specialized and Diversified Industries, and Problem Asset Management includes ensuring loans are booked timely, disbursing loan proceeds in accordance with loan approval and packaging loan documents
 This position requires the tracking of time and is eligible for overtime hours worked in excess of 40 per week under the Fair Labor Standards Act.
 Requirements
 High School Diploma or GED
 Two (2) years of related banking experience
 Preferences
 General knowledge of insurance requirements and other property due diligence necessary for real estate transactions
 General knowledge of syndicated transaction and the ability to collaborate with Capital Markets and other lenders for agent and non-agent deals if supporting Real Estate Banking, Real Estate Corporate Banking), Regions Equipment Finance, Specialized & Diversified Industries, and Problem Asset Management
 Skills and Competencies
 Ability to provide excellent customer service
 Demonstrates knowledge of commercial credit, regulatory (including Bank Secrecy Act - Anti Money Laundering Software (BSA/AML), Beneficial Ownership, Office of…