Closing & Disbursement Specialist

Essential Functions

• Quality Control: Ensure review of Construction, Land Development, Residential, SBA, Commercial and Mortgage loans and Lease documents signed with all conditions met prior to funding/disbursement.
• Serve as liaison between title and escrow officers, Bank and client attorneys, loan participation banks, appraisers, environmental firms, customers, various Bank department team members and others as needed.
• Review preliminary report and title policy exception/easements and legal descriptions for pre-closing and post-closing documents to ensure they meet and satisfy bank policy.
• Monitor the appraisal review, flood insurance, and other insurance requirements for loan pre-closing.
• Ensure all closing documents are in balance and fully compliant once loan is closed.
• Enter into loan tracking system for appropriate follow up.
• Work with department management team to follow up on internal audit and outside examination exceptions as needed.

Funding

• Fund new loan packages via cashiers check, deposit, credit, or wire as required; disburse credit line funds to borrower’s accounts (advances), after determining that proper protocol and authority has been met.
• Prepare/Process and submit ACH and Wire fundings and disbursements for approval in a timely and compliant manner as needed.
• Issue payoff statements to Title Companies on construction and land development loans and ensure that repayments are processed accurately by the Loan Service Center.

Minimum Qualifications

• A combination of education and experience equivalent to an associate’s degree in business or related field; and/or knowledge typically gained through a minimum of two years of experience in banking or other administrative field.
• Intermediate knowledge of Commercial Real Estate, Mortgage lending, Construction, SBA and Consumer loan closing and disbursement/funding methodology and procedures.
• Intermediate knowledge and understanding SBA SOP.

Skills

• Operating a personal computer particularly Microsoft Office Suite (Word, Outlook, Excel) and Web/Internet usage.

Compensation

The hiring range for this position is $23.35 to $33.10 per hour. The salary offered will fall within this range commensurate with the candidate’s applicable experience, education, and skills.