Commercial Closing Specialist

Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization.

We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

The Commercial Closing Specialist position works with the Relationship Managers (RM) in the Commercial and Business Banking segmentsto provide sales support and coordinate all new money and renewal requests. This rolemustbe proficient inthe commercial online application system(CML), financial informationrequiredfor underwriting, loan structuring guidelines, collateral requirements, due diligenceitemsand banking processes. The Commercial Closing Specialistprovidesan appropriatereviewof entity documents, appraisals, title insurance, UCC Searches and other required supporting documentation to ensure proper signor authorities and lien position.

This rolemustcommunicateeffectively withother members of the Loan Fulfillment team, RMs, Banking Specialists, Credit Underwriters, in-house legal counsel,and Loan operations to resolve any issues or questions. This position requiresa high levelof decision-making capabilities and exception processingcapability.

Salary Range

The salary range for this position is $18.25/hr.

- $29.75/hr the base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location.

Loan Processing:

• Reviews and inputsloan submissions from RMs inCML includingreviewingfinancial information, ownership, loanstructureand compliance needs; responsible for complete andaccuratedata entry in CML.
• Communicates with the RM to gatheradditionalinformation necessary todeemtheapplication as complete and ready for underwriting.
• Completes loan pre-closing tasks including ordering appraisals, environment reports, and title/UCC searches; performs a detailed and thorough review of entity documents, title insurance, UCC searches, flood determinations, and other supporting documentation.
• Collaborates with RM to ensure allconditionsprecedent to closing required by credit are met.
• Reviewsexisting loan documents for accuracy and compliance with loanguidelines.
• Finalizes post-approval in CML.
• Communicates with underwriting,Line of Business Executives and Credit Administration to address policy exceptions.

Preparation of Loan Documents:

• Utilizes Loan Guidelines and commercial procedures to ensuredocuments are prepared in accordance withapprovaldocument.
• Utilizesspecial loan software to produceaccurateand complete loan documents.
• Prepares template documents outside of loan software (i.e.Rate Modifications & Due Date Changes)

Service:

• Ability to prioritize large pipelines toensure adherence to service level expectations.
• Exhibitsflexibility in response to the changing banking environment.
• Ability towork in aafat-paced environment.
• Providesoptions and solutions when issues arise.

Additionalposition level:

In addition to the core job requirementsoutlined above, the Senior rolesisalso accountable for:

Senior Specialist

• Processe…