Commercial Loan Closing Specialist

About the role

The Commercial Loan Closing Specialist assists in the preparation of loan documents associated with commercial closings and facilitates closings through the Commercial Banking Associates, Commercial Relationship Managers, and Attorneys. This position supports critical policy and procedures as well as federal and state regulations to ensure an efficient documentation practice, loan document review system, and other critical risk management activities needed to minimize credit, documentation, and operational risks in commercial lending.

Responsibilities

• Prepares complete and accurate loan documentation packages for new commercial loans, modifications, renewals, and extensions, and includes final closing instructions.
• Orders Flood Certifications, prepares UCC financing statements, reviews UCC search records, and verifies wiring instructions and funding details.
• Reviews credit approval packages which include pricing and financial reporting requirements, and collateral and environmental due diligence requirements necessary to document the loan.
• Reviews and verifies customer identification documents in accordance with the US Patriot Act and the due diligence policy. Ensures compliance with HMDA/CRA eligibility requirements and FEMA regulations.
• Reviews preliminary closing documents including hazard, liability, builder’s risk, flood insurance policies, Title Commitments, Closing Protection Letters, Settlement Statements, and funding due diligence.
• Coordinates the return of all executed document packages and necessary supporting documents to Loan Operations for booking.
• Maintains confidentiality and security of sensitive information.

Requirements

• High school diploma or equivalent required.
• 3+ years of experience in preparing and reviewing commercial loan documents and/or paralegal experience tied to commercial loan closings required.
• Knowledge of basic legal concepts including real estate transactions.
• Knowledge of commercial loan products and services.
• Well-developed written and verbal business communication.
• Proficient administrative and organizational skills.
• Self-motivated with attention to detail.
• Ability to prioritize duties and work independently.
• Ability to meet designated deadlines while remaining flexible to changing assignments.
• Proficient in Microsoft Office products.

Preferred Qualifications

• College degree in business or related field.
• Experience with LaserPro.

About HomeTrust Bank

HomeTrust Bank, founded in 1926, is a North Carolina chartered, community-focused financial institution committed to providing value-added community banking through online/mobile channels and multiple locations in Virginia, North Carolina, South Carolina, and Tennessee. Learn more at www.htb.com.

Work Environment & Physical Requirements

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job.

• This job operates in a professional office environment and routinely uses standard office equipment such as computers, phones, photocopiers, and fax machines.
• Specific vision abilities required include close vision, distance vision, and the ability to adjust focus.
• Physical activity requiring reaching, sifting, lifting up to 25 lbs., finger dexterity, grasping, feeling, repetitive motions, talking, and hearing are required.
• The employee will frequently communicate and must be able to exchange accurate information with others.
• The employee may need to move around their office to attend meetings and to access files, machinery, or other job-related tools.