Commercial Loan Closing Specialist

Commercial Loan Closing Specialist

The Commercial Loan Closing Specialist assists in the preparation of loan documents associated with commercial closings and facilitates closings through the Commercial Banking Associates, Commercial Relationship Managers, and Attorneys. This position supports critical policy and procedures as well as federal and state regulations to ensure an efficient documentation practice, loan document review system, and other critical risk management activities needed to minimize credit, documentation, and operational risks in commercial lending.

Key responsibilities include preparing complete and accurate loan documentation packages for new commercial loans, modifications, renewals, and extensions, and includes final closing instructions. This role also involves ordering flood certifications, preparing UCC financing statements, reviewing UCC search records, and verifying wiring instructions and funding details. Additionally, the specialist reviews credit approval packages, customer identification documents, and ensures compliance with HMDA/CRA eligibility requirements and FEMA regulations. Preliminary closing documents, hazard, liability, builder's risk, flood insurance policies, Title Commitments, Closing Protection Letters, Settlement Statements, and funding due diligence are also reviewed and coordinated.

Job requirements include a high school diploma or equivalent, 3+ years of experience in preparing and reviewing commercial loan documents and/or paralegal experience tied to commercial loan closings, knowledge of basic legal concepts including real estate transactions, knowledge of commercial loan products and services, well-developed written and verbal business communication, proficient administrative and organizational skills, self-motivated with attention to detail, ability to prioritize duties and work independently, ability to meet designated deadlines while remaining flexible to changing assignments, and proficiency in Microsoft Office products. Preferred qualifications include a college degree in business or related field and experience with LaserPro.