Title Commercial Loan Closer
Job Information

(Respond to: diane.katz@primesoftinc.com)

JOB TITLE:       Commercial Loan Closer 

DEPARTMENT: Loan Closing Department

MANAGED BY:  AVP/ Closing Loan Manager                           

Employee Classification: Non-Exempt

 

Position Description:The Commercial Loan Closer assists in closing commercial and commercial real estate loans, supervises the post-closing procedure, and performs a variety of administrative duties for the office.

 

Essential Duties & Job Requirements:

Must have demonstrated experience and knowledge in closing all types of commercial transactions including real estate loans.

  • Prepares and audits loan documents needed for closing.
  • Collects, reviews, and distributes due diligence items necessary for loan closing.
  • Work with attorneys and title companies to close commercial and commercial real estate loans.
  • Coordinates closings with all involved parties.
  • Effectively and accurately generate loan closing packages to include preparation and assembling of all required loan documents via LaserPro.
  • Disburses loans by cashier’s check or by wire transfer in accordance with terms of the transaction.
  • Supervision of post-closing procedure.
  • Assists in entering data about loans into Fiserv system.
  • Assists in preparing loan files.
  • Assists in obtaining insurance certificates.
  • Assists in preparing certificates of satisfaction.
  • Performance of administrative services.
  • Prepares invoices for submission to AP.
  • Maintains inventory of office supplies and ordering as needed.
  • Maintains and reports employee attendance records.
  • Assurance that all required documents are available for closing of commercial loans.
  • Timely and accurate disbursal of commercial loans
  • Assurance that all required documents are obtained and filed
  • Read and understand title binders and policies

 

Compliance and Operations.

  • Adherence to the Bank’s Mission Statement, Vision and Core Values and Code of Ethics
  • Assures that staff follows Bank policies and procedures to prevent fraudulent transactions.
  • Maintains security controls to protect customers, staff, and Bank resources from criminal activity.
  • Assures compliance with federal and local bank regulations
  • Adheres to standards Bank Secrecy Act Laws and Regulations
  • Adheres to Compliance Laws and Regulations

 

Required education and experience

 

  • Bachelors’ Degree in finance, business
  • A high school diploma or equivalent work experience
  • 5-7 years of experience in processing or originating loan documents
  • Knowledge of federal and local loan regulations.

 

Additional eligibility preferences(types), if applicable.

  • Proficient on Microsoft Office software applications,
  • Fiserv Banking Platforms,
  • Laser Pro loan origination/processing software system