Loan Closing-Senior

Position Summary

The Senior Loan Closing Specialist is responsible for the closing of loans associated with Carver’s suite of loan products, including but not limited to commercial loans, C&I, micro‑loans, lines of credit, secured cash access loans, MTA loans, participations, purchased loans, and sold loans. This role ensures that loan data is accurately entered in Carver’s loan origination database and that all loan documents are collected and compiled into loan files in accordance with Carver’s standards. Key internal partners include the Lending, Credit, Portfolio Management, Audit, and Compliance departments.

Essential Duties and Responsibilities

• Loan Closings (60%): Collect loan submission paperwork from Loan Officers; act as single point of contact between outside counsel, lending officers and customers; prepare and execute loan file document checklists for all loan originations; gather all loan documents and prepare loan files; track good‑faith deposits and disbursements; generate and deliver third‑party credit reports; file UCC‑1 and UCC‑3 paperwork for assignments and terminations; perform CIP and CDD and validate prerequisites before closing a loan; supply BSA Department with CIP customer information (OFAC, applications, IDs and loan documents); generate adverse action and declined loan letters for Commercial and Retail loan requests; submit check requisitions to Accounting for payment to various third‑party vendors; prepare wire transfers for loan advances and repayments and ensure all pre‑funding requirements are met prior to closing; ensure new loan files are prepared and eligible for FHLB pledging when applicable; establish and maintain a thorough knowledge of all Carver loan products and investor requirements; initiate environmental review (phases I, II, III) as necessary; determine escrow or holdback balances and establish related accounts through retail.
• Compliance, Quality Control and Other Duties (40%): Prepare loan file document checklists for loan pool purchases and other tasks, including file ordering and stacking; review calculations for escrow requirements; assist with preparation of legal documents, goodbye and welcome letters, and UCC assignments; gather all purchased loan documents and prepare loan files (both hard copy and digital); perform pre‑closing review of loan settlement disbursement agreement and CAM; review loan files for completeness and accuracy prior to closing; generate Jack Henry/Sageworks reports for Portfolio Management loan review tracking and Lending Department workflow monitoring.

Background and Experience

• Minimum Associate’s Degree or equivalent related business experience.
• Minimum of 5 years of experience in loan origination or administration.
• Strong communication skills, both verbal and written.
• Excellent organizational, time‑management, and analytical skills with strong attention to detail.
• Ability to read and understand credit approval terms and conditions.
• Knowledge of commercial real estate, construction, business, SBA, residential and consumer mortgage loan processing and documentation.
• Knowledge of lien perfection and collateral release processes.
• Knowledge of state, federal, and general banking compliance requirements and regulations.
• Knowledge of Jack Henry and Sageworks loan systems.
• Excellent Microsoft Excel and Word skills.
• Familiarity with all phases of loan processing.

Pay

Salary range: $80,000 – $120,000.