Business Closing Officer - Fl

This position is responsible for coordinating and scheduling the loan closing activities by ensuring all compiled closing documents are accurate, complete and properly signed.

• Responsible for closing Commercial and Corporate Banking Loan files in accordance with the Bank’s approval, guidelines,deadlines, policies and procedures.

• Review approved mortgage loan documents to determine conditions that must be met prior to loan closing and/or review

• Documents against the commitment letters to make certain that all marked ups were orwill be addressed. Discuss any doubts with the manager.

• Request documents and/or additional information as: property information, payoff letters, insurance, rentroll, leases and title documents in order for closing to be ready and scheduled. Order Environmental Reports, verify reports does not request further action. Verify loan to value based on approval
  
  Credit Memorandum versus appraisal. Review adequate cover for insurance in alignment with bank policies. Flood Determination must be in file.

• Maintain communication with closing agent,borrowers and their representative regarding closing status of the loanfile and pending documentation or requirements: follow up closing contingencies,document follow-up calls and conversation.

• Request OFAC and CCI reports to comply with BSA and US Patriot Act Regulations.

• Coordinate and schedule with the closing agent the loan closing. Verify interest rate and fee, notify the closing agent of any changes, inform supervisor. Immediately notify the loan officer and loan processors of any material discrepancy or deviation discovered during the loan closing thatmight affect the quality or credit risk of the loan.

• Calculate funding amount, balance figures with closing agents based on closing statement, prepare wire

• Ensure that all post-closing conditions are included in the Post-Closing Report.

• Follow-up on post- closing documents,obtain closing package from closing agent immediately after the closing,title commitment and copies of other closing documents and affidavits. Follow-up on the delivery of the original recorded mortgage, riders, and other documents,original title policy within prudent time.

• Prepare loan file for submission toquality control.

• Prepare the following reports:
  Mortgage Loan Production and Documentary Stamp Reports on a monthly basis. Log all closed loans in the Mortgage Loan Production Report.

• Responsible for balancing of the monthly
  
  Commercial Closing General Ledger Accounts.

• Responsible to prepare closing documentation for unsecured or UCC secured loan, this include obtain andreview UCC Search.
• Responsible to send for recording UCC with Secretary of State for unsecured loan.

• Serve as back up in other areas within the department according to departmental needs.

• -Good mathematical, and verbal / written communication skills.
• - Good understanding of financial institution products and services.
• - Prior experience as loan closer and/ or loan processor.
• - Attention to details.
• - Ability to use office equipment, such as computer terminal, calculator, copier and fax machine
• - Flexibility on working schedule.

• The impactof errors in this position could affect job, department and Bank activities andcould create a negative financial/compliance/audit impact to the Bank.

• Outstanding excel skills
• Good verbal and written communication skills.
• Requires ability to multi-task, be a self-starter and ability to work under pressure.
• Attention to details. Able to handle pressure.
• Effective human relations. Ability to accomplish the previous duties through use of the computer and general office equipment.
• Ability to generate reports in computer system.
• Good understanding of loan documentation.
• Some…