Commercial Loan Closing Specialist

Commercial Loan Closing Specialist

The Commercial Loan Closing Specialist coordinates the daily administrative function of the Business Services department. In this role, the Commercial Loan Closing Specialist is responsible for loan documentation, administration of loan files, procuring third party work, and conducting pre-close quality control for all business loans including but not limited to commercial real estate, commercial & industrial, lines of credit, and government guaranteed loans. The Commercial Loan Closing Specialist shall also be responsible for business member services, escalated issues and correspondence. Additional responsibilities may include attending community events as a representative of the business service team supporting the department's lending officer and department head.

Responsibilities :

Workflow Management : Responsible for assigned loan files from approval through closing. Coordinate due diligence with all third-party professionals. Facilitate Greeting Meetings with Loan Officer. Create and review loan documentation for accuracy and completeness. Ensure all approval conditions are satisfied. Ensure loan file documents are stacked in proper order.

Due Diligence Responsibilities : Order title search / commitment. Order appraisals. Order environmental reports. Communicate with legal counsel. Allocate fees and costs correctly. Verify wires, while following all applicable policies.

Document Preparation : Create documents using LaserPro, in accordance with Telhio's Credit policy and SBA SOP. Documents may include full loan packages, changes in terms, and other miscellaneous servicing requests. Create checklists to accompany each closing package.

Quality Control : Complete pre-closing QC checklist for self or other members of the team. Ensure all Sageworks tasks are completed Verify all documentation is filed appropriately in Sageworks and in J drive. Performs other duties as assigned Complies with all policies and standards.

Qualifications : High School Diploma or equivalent Required Bachelor's Degree Business Administration, Finance or Accounting Preferred 1-3 years Commercial Loan Processing Required 1-3 years Commercial Post Closing experience Required 1-3 years Experience with Sageworks / Abrigo Commercial Loan System Preferred Knowledge of SBA Standard Operations Procedures Knowledge SBA Loan Policy and Products (Low proficiency) Ability to read and understand bank, financial statement and tax return documents (Medium proficiency) Decision making skills (Medium proficiency)

What you will earn : Competitive salary Opportunity to earn incentive and bonus

Benefits : several medical plan options, dental, free vision, free life and free disability insurance Additional financial incentive programs for employees enrolled in our insurance 6% matching and immediately vested 401(k) plan Generous schedule for 14 paid holidays, vacation and personal time for a healthy work-life balance Opportunity for personal career growth, continu