Commercial Loan Processor & Closer II

Description Job Summary Overview

This position serves a critical function within the origination process by coordinating with members, lenders, sales agents, and title companies, and collaborating cross-functionally to ensure an efficient and timely closing process in alignment with strict deadlines. Responsible for analyzing business loan structures to determine the appropriate due diligence required in alignment with risk, policy, and regulatory guidelines. Ensures loans are documented and funded in accordance with the credit approval and purchase contract.

This position delivers an excellent member experience, both internally and externally, while ensuring all compliance requirements are fully met.

• Demonstrates strong understanding of lien perfection and entity formation documentation.
• Handles moderate-complexity transactions (multi-collateral, construction).
• Works independently with minimal supervision, escalates exceptions as needed.
• Responsible for maintaining the minimum accuracy scores required for this position.
• Communicates using templates with moderate independence and requests support as needed.
• Demonstrates solid proficiency in systems (Laser Pro, Sageworks, Silverlake, Symitar).
• Manages task priorities with moderate independence while remaining accountable for timely completion.
• Reviews and understands the loan approval to determine borrower, collateral, guarantor, loan structure requirements, determines due diligence requirements and prepares a closing checklist accordingly.
• Understands, determines, and obtains appropriate approval for compliance requirements, such as Commercial Customer Identification Program (CIP), BSA, ECOA, OFAC, etc.
• Serves as a liaison between the borrower(s), sales, credit, underwriting, portfolio management, loan servicing, external partners, and 3rd party vendors ensuring the credit union meets closing deadlines and expectations.
• Orders and reviews third party reports, such as preliminary title reports, flood certifications, Certificate of Good Standing, UCC searches, site visits, insurance certificates, lien/judgment reports, and any other required reports, as necessary.
• Promptly and accurately determines when underwriting approval conditions have been satisfied or takes appropriate corrective action to resolve discrepancies while escalating questions or disputes to appropriate personnel when necessary.
• Responsible for managing multiple workflows and advancing each stage as the loan progresses toward closing.
• Prepares the loan funding package and disbursement by drafting lender’s instructions, reviewing settlement statements, completes a verbal verification of wiring instructions and balances the loan disbursement with escrow/title.
• Coordinates the loan closing with all internal and external parties to ensure funding deadlines and expectations are met.
• Submits loan files for Quality Control Review and resolves discrepancies prior to requesting loan documentation from the documentation team.
• Reviews draft loan documentation to identify and resolve documentation errors such as dates, vesting, legal descriptions, signatory blocks, and other relevant data to ensure accuracy prior to releasing drafts documents to the sales team.
• Manages workload by reviewing pipeline reports, providing weekly updates, and tracking work in progress to ensure internal (SLAs) are met.
• Processes Adverse Actions requests as assigned.
• Reviews executed loan documents to verify signatures, dates, and other relevant data prior to funding, and verifies closing conditions are met.
• Organizes electronic files according to standards and understands the loan origination system.
• Inputs applicable ticklers prior to boarding and ensures timely collection of post close trailing documents such as UCC-1 fixture filings, recorded DOT, subordinations, leases, and final title policies.
• Files originals documents in the vault upon receipt.
• Ensures all documents are accurately filed within the centralized documentation system (Synergy).
• Serves as a resource to Processor/Closer I’s.
• Expands on continuous learning, accuracy, and consistency.
• Assists with basic job aids, procedural updates, and…