Loan Closing Officer

Description

Locations : Onsite with location listed

SUMMARY

Responsible for working independently on complex issues, while exhibiting a solid understanding of loan documentation and closing procedures; corroborates with attorneys in reviewing loan documentation to reduce bank risk and ensure completeness and accuracy of all documents. Produces Laser Pro documentation for in house closings. Has authority to inform appropriate personnel that the loan cannot be closed until certain documents, authority, or insurance is received to ensure the loan is closed in accordance with the approval and the Bank is adequately protected and the collateral is perfected.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Review all necessary loan documents, and work with outside counsel to ensure that all required documents are complete and accurate

Ensure adequate approval authority is obtained prior to closings

Identify and perform necessary pre-closing lien searches

Ensure adequate insurance is obtained prior to closing

Confirm and verify collateral values, as required in the approval

Review and determine that all required documentation is in place and acceptable for closing a loan; at times may have to inform the appropriate personnel that the loan cannot be closed until certain documents to protect the Bank’s position are obtained

Review existing documentation for loan relationship with Bank for renewals and increases

Produce Laser Pro documents for in house closings

Upload collected documentation into the Bank’s imaging system

Complete the auto-generated checklists in the Bank’s system of record

Address and clear any exceptions in bank system of record as it relates to loan closer due diligence

Assist in other duties and special projects as requested

Performs all other duties as assigned

SUPERVISORY RESPONSIBILITIES

• No supervisory responsibilities

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

About Us

First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com (!!Cz2fjcuE!hpq9hPnrucZCPIAVPojVESItIq-FPzhurNdCrQ3JE8Rkx3gMd70nIk6_kmPxl66_oJCEsXs0gNunPowMAMHCmBYPOtUxUGI$) .

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Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

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