Commercial Loan Closer

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Corporate Operations Savings Full Time Ind. Contributor Fort Worth, TX, US

2 days ago Requisition

Position Title: Commercial Loan Closer / Senior Commercial Loan Closing Specialist

Reports To: Closing Manager / Designated Lending Operations Manager

Exemption Classification: Non-Exempt

Department: Commercial Lending / Loan Operations

The Commercial Loan Closer is responsible for independently coordinating and managing the closing and funding of commercial loans in accordance with established bank policies, procedures, regulatory requirements, and approved loan terms.

This position requires extensive commercial lending experience, strong organizational skills, and the ability to manage complex loan transactions with minimal supervision. The Commercial Loan Closer works closely with commercial lenders, credit administration, legal counsel, title companies, borrowers, and other parties to ensure loans are properly documented, closed, and funded in a timely and accurate manner.

• Independently manage the commercial loan closing process from receipt of loan approval through final documentation, execution, funding, and delivery of completed loan files.
• Review loan approvals, underwriting conditions, and supporting documentation to ensure all closing requirements are satisfied and loan documents accurately reflect approved terms and conditions.
• Coordinate the preparation, review, and execution of commercial loan documents, including promissory notes, loan agreements, security agreements, deeds of trust, guarantees, and other required documents.
• Review organizational and legal documentation for corporations, partnerships, limited liability companies, trusts, and other borrowing entities to verify proper authority and execution requirements.
• Review title commitments, surveys, insurance documentation, lien searches, UCC filings, and other collateral-related documents to identify and resolve deficiencies prior to closing.
• Coordinate with commercial lenders, credit administration, legal counsel, title companies, borrowers, and other parties to resolve documentation issues and facilitate timely loan closings.
• Ensure all loan approval conditions, collateral requirements, and documentation exceptions are appropriately addressed prior to funding.
• Prepare and review closing instructions, settlement statements, funding requests, and disbursement documentation to ensure accuracy and compliance with approved loan terms.
• Perform mathematical calculations relating to principal, interest, fees, loan proceeds, and other amounts associated with commercial loan transactions.
• Coordinate and arrange the funding of loan proceeds, including the preparation and verification of funding instructions and disbursement requests in accordance with bank procedures.
• Verify that required liens and security interests are properly documented and that appropriate steps have been taken to establish and perfect the bank’s collateral position.
• Review executed loan documents for completeness, accuracy, and proper execution, identifying and resolving deficiencies.
• Maintain accurate closing records, checklists, and documentation to track outstanding requirements, closing conditions, and post-closing exceptions.
• Coordinate the delivery of completed loan packages to the appropriate department for loan boarding, servicing, imaging, and retention.
• Monitor and follow up on outstanding post-closing documentation, including recorded deeds of trust, original security instruments, title policies, lien filings, and other required…