Closing Agent, Loan Operations, South Bend, IN

Closing Agent, Loan Operations, South Bend, IN

Responsible for ensuring selected loans required by the bank maintain sufficient insurance coverage on collateral. Prepares closing loan documents, by determining proper documentation and due diligence requirements. Ensures bank policies and procedures, and regulations are adhered to for proper documentation and perfection of the bank's lien prior to funding.

Essential Requirements :

• Monitors and tracks insurance coverage, as well as works closely with third party vendor to ensure all required loans maintain sufficient hazard and / or flood insurance.
• Works closely with the sales staff to document all business banking loan closings per the bank's policies and procedures and federal regulations.
• Prepares commercial loan documents.
• Performs due diligence as required on specified loans.
• Verifies the accuracy and completeness of all loan documentation necessary for loan closings.
• Responsible for the completion of all compliance training related to the position.
• Understands all applicable laws and regulations that apply to the position and complies with the requirements.

Non-Essential Functions :

Experience / Skills :

Education :

Travel Requirements :

Physical Demands :

Equipment :

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.