Senior Loan Closer

Key Responsibilities

• Prepares all loan documents for signature, verifies the accuracy of the loan files, and ensures the file has all completed documents prior to closing.
• Ensures loan closing is progressing while working with the cross-functional team of Bankers, Credit Administration, Commercial Relationship Specialists.
• Prepares and executes the transfer of lender funds for disbursement.
• Collaborates with borrowers, title companies, and/or attorneys to schedule closings, prepares documents, and reviews instructions, as necessary.
• Provides the customer, bankers, credit administration, CRS, and borrower’s attorney with timely and periodic status updates of the loan application.
• Collects required documentation from applicants and follows up on missing items.
• Establishes, maintains, and updates files, databases, records, and/or other documents for recurring internal reports.
• Reviews underwriting conditions and works with the underwriting to clear the loan for closing.
• Orders all necessary documents needed for the loan.
• Ensures that all customer files are complete and in compliance with all applicable state and federal regulations and internal loan policies.
• Ensures customer privacy, security of loan files, and appropriate staff access.
• Prepares denial letters and cancels files when necessary.
• Maintains a pipeline report and notifies management of status as needed.
• Performs scanning and indexing of documentation for loans and credit files as needed.
• Adheres specifically to all bank policies and procedures, federal and state regulations, and laws.
• Has responsibility for following regulatory requirements, including those pertaining to the Bank Secrecy Act (BSA), anti-money laundering (AML), customer identification program (CIP), and OFAC, to assist in the identification, detection, and deterrent of money laundering or other unlawful activities.
• Performs other duties as assigned.

General Qualifications

• A high school diploma or equivalent required.
• An associate or bachelor’s degree in a related field is preferred.
• 2-4 years of experience in loan operations.
• Knowledge of loan products, guidelines, and documentation requirements is required.
• Knowledge of computer systems as they relate to bank lending activities, including Microsoft Office Suite to include Word, Excel, and Outlook, is necessary.
• Experience managing multiple tasks while delivering the highest level of customer service with minimal supervision.
• Organized and detailed-oriented.
• Strong verbal and written communication skills.
• Ability to handle unusual circumstances to alleviate obstacles and proceed with timely loan closing.