Commercial Loan Closer

Position Summary

Responsible for preparing
loan packages based on receipt of loan worksheets and commitment letters from
commercial bankers and retail bankers.
Preparation includes accurately completing loan documentation, ordering
and reviewing title work, verifying insurance coverage, ordering and/or
completing additional external documents (e.g., flood, appraisal, Census Tract,
Secretary of State, etc). Also
coordinates with loan closing attorneys to ensure timely delivery of loan
package.

Essential Duties and
Responsibilities (Other duties may be assigned.)

• Order, review and approve title work for real estate
  loans and notify commercial banker or retail banker of any problems and issues
  related to title exceptions, property liens and encroachments, judgments, rollback
  and unpaid taxes, etc.
• Order, review and approve all outside appraisal
  requests received from commercial bankers, retail bankers, and branch
  paralenders. Stay abreast of regulatory
  and compliance issues that impact appraisal process, specifically Uniform
  Standards Professional Appraisal Practice (USPAP).
• Review and approve all in-house evaluations.
• Demonstrate proficiency in analyzing and interpreting
  loan requests and documents of varying degrees of complexity. Consumer and commercial loan requests include
  real estate and/or other collateral, collateral substitutions, new loans, loan
  modifications, and renewals with increases.
• Interpret and apply Bank policies such as
  loan-to-value ratio, appraisal criteria, etc to loans.
• Exhibit a working knowledge of general lending
  policies and practices.
• Prepare system-generated loan documents accurately
  based on information supplied by commercial bankers (e.g. loan worksheet,
  commitment letter, loan report, etc.) and, with regard to real estate loans,
  information received from closing attorneys, tax assessors, etc..
• Identify insurance policies accurately (e.g., hazard,
  collision, builders risk, workers comp, general liability, flood, etc.) and
  review policies to confirm adequate coverage for loan.
• Prepare and send wires and various Bank tickets to
  accompany loan packages to attorneys.
• Complete Documentation Checklist indicating received
  items and items that are pending, missing, incomplete and/or questionable. Includes reviewing and verifying executed
  loan documents received from closing attorneys.
• Liaison with closing attorneys to deliver total loan
  package to be used at loan closing.
• Partner with commercial bankers, retail bankers and banking
  office paralenders to ensure that loan process is smooth and to resolve
  documentation and timing issues as necessary.
• Maintain customer service focus on internal and
  external customers to encourage positive business relationships.
• Stay abreast of regulatory and compliance issues that
  impact credit decisions and loan documentation including Fair Lending, HMDA,
  Credit Life, and Wolters Kluwer Financial Services resources. Follow bank policies and procedures, security
  guidelines, and comply with all federal, state and local regulations.
• Demonstrate working knowledge of all Bank loan
  products and services.

Qualifications

• High school diploma or equivalent and 5 years related
  experience; or an equivalent combination of education and experience.
• Effective oral and written communication skills.
• Ability to maintain professional focus.
• Ability to compute basic to moderately complex math
  calculations.
• Proven problem-solving, critical thinking, and
  analytical skills. Ability to interpret
  a variety of information furnished in written, oral, diagram, or schedule form.
• Exhibit attention to detail and accuracy.
• Proficiency in using personal computers and office
  products (e.g., Word, Excel).
• Excellent customer service and interpersonal skills.
• Strong organizational and time management skills. Ability to prioritize.
• Demonstrate willingness and desire to interact in a
  team environment.