Senior Commercial Loan Processor and Closer

Responsibilities

• Independently manage commercial loan transactions from intake through closing and funding, exercising judgment in determining workflow priorities, transaction readiness, documentation requirements, and closing strategies.
• Analyze loan requests, approved credit structures, commitment terms, and underwriting approvals upon intake to identify documentation requirements, due diligence needs, collateral considerations, closing requirements, and potential operational risks.
• Maintain oversight of assigned loan pipeline, identifying potential delays, documentation deficiencies, policy exceptions, and operational risks and implementing corrective action plans to ensure adherence to established timelines and service standards.
• Communicate transaction status, emerging risks, and recommended solutions to lending officers, underwriters, management, and other stakeholders.
• Cook up documentation analysis and risk assessment, reviewing and analyzing borrower, guarantor, entity, collateral, and third-party documentation to determine completeness, consistency, and compliance with internal policies and legal requirements.
• Evaluate documentation sufficiency, condition clearance, funding readiness, and risk mitigation strategies within the scope of operational authority and consistent with approved credit parameters.
• Analyze policy exceptions, documentation exceptions, and unique transaction structures and recommend appropriate resolution strategies to management, lending personnel, underwriting, and legal counsel.
• Interpret organizational policies, procedures, and lending requirements and apply them to complex transaction structures.
• Direct and oversee third-party due diligence activities, including title, appraisal, environmental, flood, UCC, survey, and related vendor services.
• Resolve issues arising from third-party due diligence by determining appropriate corrective actions and coordinating implementation with stakeholders.
• Serve as the primary operational point of contact for vendors and external service providers throughout the loan closing process.
• Loan Documentation and Closing Administration
• Analyze approved loan structures, credit memorandums, commitment letters, term sheets, and approval conditions to develop and execute closing strategies consistent with approved credit terms and organizational policies.
• Interpret loan approval conditions and documentation requirements, determining appropriate documentation, follow-up actions, and resolution strategies.
• Determine required loan documentation packages based on collateral type, ownership structure, guarantor requirements, entity structure, transaction complexity, and approved loan terms.
• Prepare, draft, review, and coordinate commercial loan documentation packages to ensure consistency with approved loan structures, credit approvals, collateral requirements, and organizational policies.
• Determine appropriate documentation approaches based on transaction structure, collateral type, entity ownership, guarantor relationships, and legal requirements in alignment with approved loan terms and legal guidance.
• Review internally generated and attorney-prepared loan documents to identify inconsistencies, documentation deficiencies, policy exceptions, operational risks, and potential enforceability concerns.
• Interpret legal and loan documentation requirements and coordinate resolution of documentation issues with lending officers, legal counsel, title companies, escrow officers, borrowers, and other transaction participants.
• Exercise independent judgment in determining documentation sufficiency, condition satisfaction, collateral perfection requirements, and closing readiness.
• Recommend solutions for complex documentation issues, exceptions, and transaction challenges while balancing operational, compliance, legal, and risk considerations.
• Direct and coordinate closing activities, ensuring all documentation, approvals, due diligence requirements, and funding conditions have been satisfied.
• Authorize advancement of transactions to funding in accordance with established approval authorities and funding controls upon verification that documentation, collateral, compliance, and approval requirements have been met.
• Oversee post-closing review activities, identifying and resolving documentation exceptions, trailing items, collateral perfection matters, and file deficiencies.
• Operational Leadership and Process Improvement
• Serve as a subject matter expert and operational resource for commercial lending staff regarding loan documentation, closing requirements, funding procedures, transaction workflow, and lending operations best practices.
• Recommend enhancements to procedures, controls, documentation standards, operational processes, and workflow management practices to improve efficiency, quality, risk management, and audit readiness.
• Participate in the development, maintenance, and refinement of departmental procedures, job aids, training materials, quality control standards, and operational guidelines.
• Aid in training, mentoring, and providing guidance to less experienced staff regarding commercial loan documentation, processing requirements, and transaction management practices.
• Compliance and Quality Oversight
• Evaluate transactions for compliance with internal policies, regulatory requirements, approval authorities, collateral perfection standards, and established lending practices.
• Identify control weaknesses, operational risks, compliance concerns, and process gaps and recommend corrective actions.
• Support audits, examinations, loan reviews, and quality control activities through analysis of documentation, transaction histories, operational processes, and supporting records.
• Exercise independent judgment in determining documentation adequacy, evidentiary support, and transaction completeness prior to funding authorization.
• Cross-Functional Partnership
• Collaborate with Commercial Loan Officers, Underwriters, Credit Administration, Servicing, Accounting, Legal Counsel, and management to resolve complex transaction issues.
• Provide informed recommendations regarding documentation, closing structure, condition fulfillment, funding considerations, collateral matters, and operational risk issues consistent with approved credit parameters.
• Serve as a key contributor to commercial lending initiatives, workflow improvements, strategic operational objectives, and departmental projects.
• Represent commercial lending operations in cross-functional discussions regarding process improvements, operational controls, and transactions.