What are the responsibilities and job description for the Senior Commercial Loan Closing Coordinator position at Bank Michigan?
Join a growing community bank in Southeast Michigan. Bank Michigan is currently seeking qualified applicants for the position of Senior Commercial Loan Closing Coordinator. Hybrid-Remote work available with onsite time required from either the Brooklyn or Ann Arbor office.
JOB SUMMARY
The Senior Commercial Loan Closing Coordinator is responsible for generating accurate loan documentation and the coordination of all aspects of commercial loan closings to ensure compliance with regulations and bank policies. Works collaboratively with various third party sources, assembles digital files, and verifies all proper documentation and collection of required due diligence. Knowledge of or general experience with SBA loans and SOP guidelines preferred. Candidates should be very detail oriented, demonstrate exceptional critical thinking skills and ability to prioritize work tasks.
Job Responsibilities:
Primary:
- Prepares all loan documentation required based upon a loan approval document that has the approving signatures per loan policy.
- Ensures loan documentation (internally or attorney prepared) is complete and conforms to all terms and conditions of the loan approval, meets regulatory requirements, ensures collateral perfection and satisfies all closing requirements prior to funding. This may include new money, renewals, extensions, and modifications of multiple commercial loan types.
- Coordinates and communicates with all bank and external partners to support the closing process, including Loan Officers, Underwriters, Title Companies, Legal Counsel and Clients.
- Responsible for the determination of requirements, review and completion of due diligence associated with loan documentation and closing process for Commercial and, from time-to-time, Consumer loans.
- Supports cross-training of team members in the operations of loans and/or the relevant programs/systems.
- Understands the legal and procedural requirements of each loan type and the corresponding processing/underwriting requirements thereof.
- Verifies all loan file data includes the proper details (i.e. legal descriptions, signatures, dates, covenants, monetary figures, entity authority, etc.)
- Supports Quality Control review of files/documents, general file review and exception item clean-up as needed.
- Must be proficient in all computer programs/systems used to operate the loans, (including Bankway, LaserPro, Abrigo, etc.).
- Prepares and maintains procedural documentation of relevant tasks/responsibilities. Prioritizes work according to necessity, complexity and deadlines.
- Supports and resolves inquiries throughout loan operations.
- Responds to customer inquiries.
- Acts as an advocate for the Bank in all interactions both internally and externally, including overall product knowledge of deposit and loans for aligning customers/prospects with the products that best meet their needs.
- Attends regular trainings/seminars both inside and outside the bank, as needed.
- Work harmoniously and collaboratively with team members to accomplish bank objectives.
Other:
- Excellent written and oral communication skills.
- Assists with other duties as assigned.
- Ability to utilize general office equipment, Internet and various business software programs (i.e. MS office).
Job Requirements:
Education: Associate's Degree in business, economics, finance or equivalent combination of education/experience.
Certifications: None
Required Knowledge, Skills, Abilities, Training and Experience: Minimum of 5 years of prior banking experience required; prior loan operations/servicing experience required; knowledgeable with loan file structure and familiarity with loan origination software such as LaserPro. Excellent interpersonal communication, attention to detail and critical-thinking abilities. Naturally inquisitive and takes initiative to problem solve. Successful completion of in-house training program. Ability to work autonomously and with little guidance. Displays the confidence and competence to gain/maintain the Bank's credibility. Takes initiative to learn, develop oneself and see tasks, duties and projects through from start to finish.
See attached job description for full position details.
EEO Statement:
Bank Michigan provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Further, the company takes affirmative action to ensure that applicants are treated fairly during employment without regard to any of these characteristics. Discrimination of any type will not be tolerated.
Must successfully complete a comprehensive background check.
Salary : $45,000 - $65,000
