Commercial Loan Closing Specialist

Commercial Loan Closing Specialist

Wells Fargo is seeking a Commercial Loan Closing Specialist in Loan Support as a part of Commercial Banking Operations division. This position is responsible for activities related to servicing of commercial loan transactions according to bank policies, procedures, and regulatory requirements.

In this role, you will:

• Work pre-close documents for moderately complex to complex commercial loans
• Coordinate all aspects of loan closings
• Perform customer, loan and regulatory diligence
• Accurately evaluate and upload data into the systems of record
• Ensure compliance with all bank policies, procedures and regulatory requirements
• Review and prepare complex loan documents
• Coordinate legal activities for loan documentation that may include
• Document purchased from third party sources, with internal staff and the Corporate Legal group
• Serve as primary liaison between Credit, Sales, and Legal departments
• Work collaboratively with Credit, Sales and Legal regarding proper procedures and documentation requirements necessary to ensure accuracy with negotiated terms and ensure alignment with appropriate compliance standards
• Review and negotiate complex legal documentation, evaluate risks, devise strategies to mitigate documentation risk and identifying procedural modifications
• Provide guidance and training to peers
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
• Interact with internal customers
• Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements

Required Qualifications:

• 2+ years of Commercial Loan Closing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Familiarity with LoanIQ processing
• Knowledge of debits and credits
• Knowledge of loan documentation
• Sound analytical skills with high attention to detail and accuracy
• Experience reading, analyzing, and interpreting documents/reports
• Ability to review and interpret complex commercial loan documents
• Experience resolving and working through escalated and complex customer issues
• Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
• Ability to coordinate completion of multiple tasks and meet aggressive time frames
• Excellent verbal, written, and interpersonal communication skills
• Ability to interact with all levels of an organization
• Sound knowledge of Microsoft Office (Word, Excel, and Outlook) skills

Job Expectations:

• This position currently offers a hybrid work schedule
• Ability to work at one of our approved job posting locations
• Ability to work additional hours as needed

Pay Range:

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

$43,300.00 - $85,500.00

Benefits:

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.