Equipment Finance Closing Officer

Job Description

Location : On site at location listed in job posting

Summary

Works with Relationship Managers to coordinate loan / lease closing timeline. When appropriate, engage and work with outside counsel to ensure that all required documents are complete and accurate

Key Responsibilities Include

• Enter data into a front-end system to determine and create contractual documents based on the type of contract requested
• When appropriate, work with outside counsel to ensure that all required documents are complete and accurate
• Determine when documentation is in place and acceptable for closing a loan; at times may have to inform the appropriate personnel that loan cannot be closed until certain documents to protect the bank's position are obtained
• Identify and request necessary pre-closing lien search duties
• Ensure adequate insurance is obtained prior to closing; at times may have to inform the appropriate personnel that the loan cannot be closed until adequate insurance is received.
• Assess the loan documentation relative to policy to determine if there is an exception and uses discretion and independent judgment to determine whether or not the exception is allowable
• Review existing documentation for loan relationship with Bank for renewals and increases
• Verify that all compliance issues have been addressed
• Confirm that necessary documents and cancellation of documents have been filed with the proper record guardians, (i.e. Clerk of Court, Dept. of Motor Vehicles, etc.)
• Address and clear any collateral exceptions issued on loans closed
• Assist in other duties and special projects as requested

Qualifications Include

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 .

Benefit Highlights

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