Commercial Loan Closer

Position Summary

Responsible for coordinating the final stages of the lending process by preparing, reviewing, and executing loan documentation to ensure accurate and timely closing of commercial loans. This ensures compliance with bank policies and regulatory requirements while providing exceptional service to internal and external clients, and involves working closely with loan officers, borrowers, attorneys, and third-party vendors to facilitate smooth closings of real estate and construction finance deals.

Interacts with credit analysts, loan officers, and attorneys to ensure that loans are documented accurately and that all required documents are executed and packaged for submission to the loan operations department for booking.

• Facilitates the closing of commercial loans.
• Provides excellent customer service by responding promptly to inquiries and explaining closing procedures to clients.
• Reviews loan type, approval terms and conditions, loan policy, federal regulations, and state laws to determine closing requirements and develop a due diligence/closing checklist.
• Performs due diligence activities for a wide range of commercial loans, applying working knowledge to analyze requirements and effectively administer pre-closing activities.
• Prepares loan documents on bank's documentation system, ensuring that documents are prepared accurately with proper terms and conditions as outlined in the loan approval and within standards and requirements.
• Ensures all loan documentation is accurate, complete, and compliant with bank policies, loan agreements, and regulatory standards.
• Effectively and efficiently manages a large pipeline of loans at different stages of the closing process while managing workflow and deadlines.
• Identifies and obtains all necessary third-party reports which may include title, surveys, entity documents, flood determinations, environmental reports and UCC searches.
• Identifies discrepancies and issues, facilitates resolution, and takes corrective actions to assist in resolving any discrepancies or issues that arise during the closing process.
• Acts as a liaison with loan officers, attorneys, third party vendors and customers.
• Executes timely follow up and management of all closing requirements; monitors to ensure deadlines are met.
• Communicating with internal and external customers on the status of specific loan requests.
• Processes disbursement of loan proceeds, and verifies that all conditions precedent to funding are satisfied before disbursing funds.
• Maintain and update checklists to ensure all diligence items are addressed.
• Manage electronic file organization for all commercial loan files.
• Confirm evidence of hazard, liability and other required insurance
• File UCC financing statements and other legal documentation
• Stays informed of changes in lending regulations and bank policies affecting loan closings.
• Cross-sell other products and services as appropriate.

• Bachelor's degree or equivalent combination of education and experience preferred.
• Three plus years' experience in commercial lending, loan processing, or closing.

• N/A

• Strong knowledge of real estate and construction loan documentation, legal terminology, and regulatory requirements.
• Excellent organizational, communication, and attention to detail skills.
• Ability to work under pressure and meet deadlines.
• Current knowledge of lending practices, applicable banking regulations and security procedures and practices to prevent fraud or other bank losses and to comply with regulatory requirements.
• Strong knowledge of due diligence requirements related to commercial loan transactions including but not limited to corporate documentation, leases, subordination agreements, property management agreements, franchise agreement, borrowing bases, insurance, and titles.
• Ability to provide a high level of interactive service to others, building relationships and addressing identified needs.
• Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, and area. Ability to apply concepts of basic algebra.
• Ability…