General Statement of Duties: Manage Business Banking Loan Closing Process from Pre-Closing to Funding by interfacing with internal and external clients. Review of all data fields in Loan Vantage for Line's of Credit, Term Loans and Owner-Occupied Real Estate loans. Major Duties and Responsibilities:
- Identify and approve all closing documentation for various types of loans to ensure compliance with loan approval process as well as Bank Policies and Procedures.
- Ensure all due diligence is completed, and all collateral is perfected appropriately. Calculate loan payments and confirm that DSC and LTV are accurate.
- Review and analyze the required due diligence to include but not limited to, title policies, violation searches, UCC searches, flood determinations, appraisals, and purchase contracts.
- Communicate with attorney and CRM to clear any outstanding matters to get the loan closed.
- Confirm Insurance documents are in accordance with Bank's Insurance policy and coverage amounts have been met.
- Perfect collateral positions and UCC Filings to protect the Bank's security interest.
- At times, prepare closing documentation for LOC and Term loans under $2.5MM.
- Function as a liaison with the Outside Counsel/BB's/CRM's.
- Validate and certify the accuracy of all CECL data fields in Loan Vantage before submitting to Loan Servicing.
- Monitor Good Faith and Commitment Fees; reconcile General Ledger.
- Develop policies and procedures to conform to best practices.
- Stay abreast of all bank policies and procedures, as well as all applicable state and federal regulations.
- Compile and produce monthly reporting regarding loan volumes and fees for Senior Management and Accounting.
Non-Essential Responsibilities:
- Perform other related functions as required by Management.
- Spearhead Special Projects as needed.
Minimum Qualifications:
- Bachelor's Degree
- A minimum of 5 to 8 Years of closing experience with expertise in Due Diligence documentation
- Strong understanding of Credit Policy
- Knowledge of lending operations preferred.
Knowledge, Skills, and Abilities:
- Ability to work proactively as a team player with a positive style that encourages, empowers, and motivates associates. Provide a high level of customer service to both internal and external customers to ensure an exceptional client experience.
- Ability to coordinate diverse tasks simultaneously with strict time frames, manage multiple loans at one time in order to meet critical closing deadlines.
- Collaborate with other of the Bank's business units to ensure standardized delivery of work.
- Ability to successfully manage projects of a varied and complex nature.
- Strong analytical, process and people skills.
- Demonstrate organizational skills and a strong attention to detail.
- Must be proficient in Microsoft Office products.
Pay Range: $75,000 - $90,000 Hours: 37.50 This is an exempt position. The actual compensation will be based on qualifications, experience and other factors permitted by law. EOE, including Veterans and Disabled Other details
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