Commercial Loan Closer/Funder

About the role

The Commercial Loan Closer/Funder reports to the Commercial Support Manager and is responsible for preparing commercial loan closing documents, validating loan readiness, and executing funding activities while ensuring compliance with all applicable laws, regulations, Chartway policies, and quality standards.

Responsibilities

• Communicate with the Commercial Lending Team regarding the status of closing requests and verify all information required to fund commercial loans.
• Conduct the final review of commercial loan documentation to verify accuracy, completeness, regulatory compliance, and funding readiness prior to closing.
• Resolve documentation issues by coordinating with Commercial Loan Officers and Commercial Loan Processors to ensure all funding requirements have been satisfied.
• Prepare commercial loan closing document packages that accurately reflect approved loan terms and documentation requirements.
• Execute commercial loan funding and disbursement activities after validating documentation, funding requirements, collateral documentation, and all prior-to-close conditions have been satisfied.
• Board newly funded commercial loans to the core system, ensuring complete, accurate, and timely loan records.
• Balance loan transactions and process wire transfers accurately and within established service standards.
• Complete post-closing responsibilities, including UCC filings, post-UCC searches, collateral perfection, account funding, and verification that all post-closing documentation requirements have been completed.
• Ensure all documentation and funding activities conform to Chartway policies, procedures, regulatory requirements, and internal quality standards.
• Provide backup support to the Commercial Loan Servicing Specialist as business needs require.

Requirements

• Experience with a commercial loan origination system (LOS), including loan setup, document preparation, funding activities, loan boarding, modifications, and general ledger (GL) validation.
• Working knowledge of commercial lending systems, commercial loan closing, funding, collateral management, post-closing processes, and regulatory requirements.
• Strong analytical, technical, and problem-solving skills with the ability to proactively identify issues, mitigate risk, and coordinate timely resolution.
• Excellent written and verbal communication skills with the ability to build productive working relationships with Commercial Loan Officers, Commercial Loan Processors, title companies, attorneys, borrowers, and internal business partners.
• Commitment to continuous learning and maintaining current knowledge of commercial lending regulations, documentation requirements, systems, and industry best practices.

Qualifications

• Five or more years of commercial lending experience required.
• Experience with commercial loan documentation, loan closing, funding, collateral documentation, and regulatory compliance required.
• Credit union or financial institution experience preferred.
• Construction Loan knowledge a plus, but not required.