Commercial Loan Closer

GENERAL DESCRIPTION OF POSITION

Themercial Loan Closer is responsible for reviewing loan documentation, funding, and daily operational activity formercial and real estate loans, as well as the overall closing process.

This position processes loan closings, advances, payments, and maintenance items together with all other operational transactions, including renewal and loan modifications, on an ongoing basis.

Themercial Loan Closer works directly with themercial lender and / or Portfolio Manager along with the borrower, legal counsel, titlepanies, insurance agents, and vendors to provide problem resolutions.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Works directly with lender and / or Portfolio Manager along with the borrower, legal counsel, titlepanies, insurance agents, and vendors to provide problem resolutions.

This duty is performed daily, about 15% of the time.

2. Processesmercial loan closings, advances, payments, and maintenance items together with all other operational transactions, as well as renewal and loan modifications on an on-going basis.

This duty is performed daily, about 10% of the time.

3. Ensures adherence tomercial loan policies and regulatory requirements prior to disbursements, follow-up requirements and documentation.

This duty is performed daily, about 10% of the time.

4. Maintains current knowledge of all internal policies, procedures and training as well as external legislature and regulations.

This duty is performed daily, about 5% of the time.

5. Reviews andprehends moderatelyplexmercial loan documentation, loan terms and financial elements for accuracy and consistency with the credit approvals.

This duty is performed daily, about 5% of the time.

6. Acts as liaison between front line and loan admin / operations including lender / portfolio manager and underwriting.

This duty is performed daily, about 5% of the time.

7. Reads and interprets loan and legal documentation required. This duty is performed daily, about 5% of the time.

8. Evaluates and distributes due diligence items necessary for a loan closing and collaborates with Bank Officer. This duty is performed weekly, about 5% of the time.

9. Confirms budget, escrow closing statements and bank settlement statements are in balance, assuring fees and expenses are accounted for and outstanding items are identified.

This duty is performed daily, about 5% of the time.

10. Facilitates loan closing process, providing high quality customer service whileplying with Bank Policy and Federal Regulations.

This duty is performed weekly, about 5% of the time.

11. Provides problem resolutions to help make decisions and / or rmendations to ensure closing requirements are met and necessary due diligence is obtained.

This duty is performed daily, about 5% of the time.

12. Ensures waivers, exceptions or any deviations from policy are adequately documented. This duty is performed as needed.

13. Notifies the lender and attorney of missing items or required corrections, ensuring the attorney closing checklist is accurate.

This duty is performed as needed.

14. Verifies the bank is adhering tomercial loan policies prior to the disbursement of loan proceeds. This duty is performed weekly, about 5% of the time.

15. Post-review of attorney prepared loan documentation, including the supporting documentation. This duty is performed weekly, about 5% of the time.

16. Provides outstanding customer service to internal and external customers displaying positive attitude at all times. This duty is performed daily, about 5% of the time.

17. Trains new staff and co-workers. This duty is performed as needed.

18. The ability to work in a constant state of alertness and in a safe manner. This duty is performed daily.

required BSA / AML training and otherpliance training as assigned. This duty is performed quarterly.

20. Perform any other related duties as required or assigned.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required.

EDUCATION AND EXPERIENCE

Knowledge of a specialized field (however acquired), such as basic accounting,puter, etc. Equivalent of four years in high school, plus night, trade extension, or correspondence school specialized training, equal to two years of college, plus 3 years related experience and / or training, and 3 years related management experience, or equivalentbination of education and experience.

Ability to effectivelymunicate information and respond to questions in person-to-person and small group situations with customers, clients, general public and other employees of the organization.

Ability to read, analyze, and understand general businesspany related articles and professional journals; ability to speak effectively before groups of customers or employees.

ability to write reports, business correspondence, and policy / procedure manuals; ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

MATHEMATICAL SKILLS

Ability to calculate figures and amounts such as discounts, interest,missions, proportions, percentages, area, circumference, and volume.

Ability to apply concepts such as fractions, ratios, and proportions to practical situations.

CRITICAL THINKING SKILLS

Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS

Not indicated.

PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS

Not indicated.

SOFTWARE SKILLS REQUIRED

Intermediate : 10-Key, Accounting, Alphanumeric Data Entry, Word Processing / Typing

Basic : Spreadsheet

WORKING CONDITIONS

Periodically exposed to such elements as noise, intermittent standing, walking, pushing, carrying, or lifting; but none are present to the extent of being disagreeable.

ENVIRONMENTAL CONDITIONS

The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job.

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

The noise level in the work environment is usually quiet.

PHYSICAL ACTIVITIES

The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

Reasonable amodations may be made to enable individuals with disabilities to perform the essential functions and expectations.

Highly repetitive, low physical. Highly repetitive type of work which requires concentration in the performance of tasks for consistent time cycles as prescribed by the tasks.

• While performing the functions of this job, the employee is frequently required to use hands to finger, handle, or feel, talk or hear;
• and occasionally required to stand, walk, sit, reach with hands and arms, stoop, kneel, crouch, or crawl. The employee must occasionally lift and / or move up to 25 pounds;

frequently lift and / or move up to 10 pounds. Specific vision abilities required by this job include close vision; and color vision.

ADDITIONAL INFORMATION

• Must be able to type 60 wpm, 10-key by touch and working knowledge of office equipment
• Must have excellent customer service skills
• Must have strong organizational, interpersonalmunication, public relations and outstanding customer service skills
• Must have strong written and verbal skills
• Must be able to interpret and read legal documents
• Must have a strong knowledge of bank policy and federal regulations
• Must be able to balance multiple tasks simultaneously and handle frequent interruptions
• Must have solidputer skills including Microsoft Word, Excel and Adobe Acrobat
• Must have strong organizational skills, ability to multi-task and detail oriented
• Must have experience working onmercial, real estate, interim construction loans, construction of and / or refinance of retail structures as well as residential structures
• Must be able to research and reconcile loans or other credit facilities to bank records, including review of transaction and accrual history and rmend remediation / reconciliation action the lender / portfolio manager
• Must have knowledge of construction due diligence and risk management requirements
• Must have solid analytical and problem solving skills

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.

However, employees who have access to thepensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access topensation information, unless the disclosure is (a) in response to a formalplaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR Job ID ME011902