Commercial Loan Closer

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Full Time Lexington, KY, US

7 days ago Requisition

COMMERCIAL LOAN CLOSER JOB DESCRIPTION

The position of Commercial Loan Closer is responsible for the preparation of loan and settlement documents for commercial loans using the bank’s commercial loan document generation software. The position will ensure that supporting documentation in the credit file is in compliance with the bank’s policies and procedures for document preparation, and that the bank is in compliance with all applicable laws and regulations relating to loan documents.

Prepares required internal documents for commercial loan documentation prepared by outside counsel. Confirms all due diligence associated with commercial loan documentation and the closing process.

Assures compliance with all Bank policies and procedures, as well as, all applicable state and federal banking regulations.

• Prepares loan documents for commercial loans including but not limited to lines of credit, term notes, permanent owner-occupied mortgages, and/or commercial construction using Abrigo and Laser Pro software.
• Prepares denied and withdrawn loan applications in accordance with compliance department guidelines.
• Works with loan documentation specialists, lenders, and lending assistants to ensure that all required documents are obtained prior to producing documents for closing per bank policy/procedures and applicable regulations.
• Assists loan documentation specialists with setup of loan files that require loan documents prepared by outside counsel.
• Coordinates and schedules closing with loan officers and closing attorney as needed.
• Prepares closing loan document package for delivery to the Settlement Agent or Loan Officer in a timely fashion
• Completes post-closing review of all closed loan packages for accuracy and completeness
• Operates computer terminal or personal computer to process loan activity, determine balances, and resolve problems within given authority.
• Types routine letters, reports, and forms.
• Completes online compliance training as assigned and required.
• Treats people with respect; keeps commitments;
  Inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
• Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
• Follows policies and procedures; completes administrative tasks correctly and on time; supports the Bank’s goals and values; benefits the bank through outside activities.
• Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.

The position of Commercial Loan Closer performs duties specific to the position and other functions as assigned.

The position of Commercial Loan Closer is not responsible for the supervision of any employee(s), however the incumbent is required to provide leadership, training and support to less experienced loan department personnel. The incumbent in this position may perform duties in the absence of the Department Supervisor.

The incumbent is in a non-confined office-type setting in which he or she is free to move about  position includes driving a Bank or personal owned vehicle approximately one percent of the time which includes exposure to the outside weather elements and moving mechanical parts. It may include some minor annoyances such as noise, odors, drafts, etc.

The incumbent in the course of performing this position spends time writing, typing,…