A growing organization is seeking a qualified Commercial Loan Closer to join their team. This individual is responsible for the management of all aspects of the loan closing function for a specific business unit. This position ensures legal and regulatory compliance as it relates to all loan documentation and closing matter, acting as the department liaison to business unit and all internal and external auditing and regulatory entities. The Loan Closer takes appropriate steps to ensure that the Bank's interests are protected through the development and implementation of processes, procedures, and maintenance of proper internal controls relating to the department's loan documentation and closing function.
ESSENTIAL DUTIES AND RESPONSIBILITIES: • Manage the closing process for each loan, maintaining communication with the lender, analyst, outside attorneys and vendors, and other parties as necessary, insuring timeliness and accuracy. • Continually review and evaluate, existing processes, procedures, and agreements, implementing change or recommending changes to ensure consistency, efficiency, and best value propositions for the department. • Review all loan presentations for clarity, consistency, and adherence to Bank policy, obtaining clarification where needed. • Integrate closing and documentation activities into broader department objectives, to improve efficiencies, improve the customer experience, and support sales efforts. • Represent the Bank with customers and outside vendors, assisting with negotiation of contract terms and conditions with third party vendors. • Ascertain that all necessary documentation have been prepared and all preconditions to closing have been met, and obtains proper approval for any noted exceptions. • Coordinate the closing date with all parties. • Conduct in-house closings jointly with the lender. • Prepare escrow letters and all other documentation necessary for title-company closings. • Manage all disbursements taking place at closing, including collection of fees. • Authorize loan disbursements, wire transfers, and payments for credit and closing related vendor services within established limits. • Arrange for timely recording of documents, notes any exceptions on exception list, and monitors list to avoid long-outstanding items. • Interpret approved loan terms into documents for all types of loans done in the Nonprofits and Foundations group. • Draft appropriate documentation language to accommodate complex or unique loan provisions. • Balance the expectations of all parties to maintain a smooth closing pipeline and processes, responsive customer service, and a healthy team environment. • Reviews and approves all loan packages and checklists prior to booking. For immediate consideration please contact Alex Gikas at firstname.lastname@example.org