• Job Description

  Req#: 482090

  Job Title: Loan Operations Commercial Loan Closer

  Reports To: Loan Operations Commercial Loan Closer Team Lead or Loan Operations Commercial Loan Closing Manager

  Direct Reports: N/A

  Salary Grade: 8

  SUMMARY

  The Loan Operations Commercial Loan Closer (CLC) will play a critical role in the commercial lending process by collaborating with Commercial Relationship Managers (CRM) and Loan Officer Assistants (LOA) while overseeing the closing process for all new, renewed, and modified C&I and CRE loans. The Commercial Loan Specialist is responsible for completing all due diligence associated with the satisfaction of approval conditions prior to closing. The position will be the key point of communication and proactively interact with the CRM, LOA, Underwriters, Closing Attorney, Doc Prep, and other partners to minimize the time to close a loan once final approval has been issued. The CLC will work independently and will perform a wide variety of functions related to ensuring all approval conditions and due diligence items are cleared for the preparation and processing of loan documents for closing.

  EDUCATION AND EXPERIENCE REQUIREMENTS

  • High School Diploma or equivalent; College degree in business or paralegal certification preferred
  • 5+ years of experience in the financial services industry, commercial loan experience preferred
  • Strong interpersonal, verbal, and written communication skills
  • Experience with MS Office Suite, including Outlook, Word, Excel, and SharePoint
  • Working knowledge of federal and state banking regulations
  • Excellent customer service skills
  • Attention to detail
  • Strong problem solving and critical thinking skills without direct guidance
  • Demonstrate strong organization and time management skills and the ability to balance competing priorities to meet multiple deadlines.
  • Participate in all required compliance training, as well as internal and external training programs, online training, meetings, or other education events as assigned by Loan Ops and Bank leadership.

  JOB FUNCTIONS

  • Review approved credit request to identify required pre-close conditions and due diligence requirements
  • Order and/or review required due diligence requirements including, but not limited to, the following:
    • Title Commitments / Title Searches
    • UCC searches
    • Flood determinations
    • Proof of adequate and acceptable insurance
    • Surveys
    • Entity documents
    • Evaluation or real estate appraisal
    • Environmental Questionnaire or Assessment
    • Good Standing Certificates
    • Beneficial Ownership
  • Monitor and confirm receipt of all due diligence items and review to confirm loans documents can be created accurately and the Bank’s lien can be perfected.
  • Responsible for due diligence and closing activities on commercial loans and ensuring tasks are executed in compliance with Bank policy, regulatory law, interbank Service Level Agreements and investor guidelines when applicable.
  • Submit loan to internal Doc Prep team to request preparation of loan closing documentation.
  • Engage approved attorney, representing the bank, to prepare loan closing document and/or close loan when applicable.
  • Coordinate effort to establish a closing date and time with all parties concerned including attorneys, title companies, customer, CRM, and LOA.
  • Review draft closing documents and closing / settlement statement for accuracy and confirm agreement with loan approval. Facilitate corrections as needed.
  • Ensure all due diligence information is properly documented
  • Provide “Clear to Close” upon confirmation that all approval conditions and due diligence requirements have been satisfied. Takes appropriate action to resolve deficiencies and escalate when necessary.
  • Review executed documents for accurate and complete signatures and forward to Loan Servicing for booking
  • Confirm all supporting documentation related to the deal is loaded to CreditLens and /or submitted for imaging to Director
  • Assist with initial loan disbursement that occurs at time of closing; acting as second required signature
  • Adhere to Corporate and Loan Operations policies and procedures as prescribed.
  • Exemplify behaviors in alignment with the bank’s vision, mission, and culture; exhibit professionalism at all times.
  • Provide world-class service to internal and external clients with a sense of urgency and positive attitude.

  SUPERVISORY RESPONSIBILITY

  This position does not manage employees.

  WORK ENVIRONMENT

  Varies, will be located in United Commercial Banking Office within footprint

  POSITION TYPE

  This is a full-time position that requires schedule flexibility to work evenings and weekends as needed.

  TRAVEL

  This position requires up to 5% travel.

  OTHER

  We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state or local protected class.

  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  The job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.

  
  

• About the company

  Since 1950, United Community Bank has been dedicated to providing best in class service to our customers as the foundation of every relationship. We are “The Bank That SERVICE Built®” and we are committed to improving the communities we serve through the philosophy of delivering exceptional banking service.

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