Commercial Loan Closer II

Basic Qualifications

 Education/Training: High School Diploma or equivalent with an emphasis in Business Administration or related field required.

 Skill(s): Intermediate commercial loan closing experience; proficient in English, reading, writing, grammar and mathematics skills; ability to manage a moderate workload on a consistent basis with limited oversight; attention to detail; ability to work under strict time requirements or under tight timeframes; proficient interpersonal relations and communication skills; proficient organizational skills; proficient knowledge of loan closing documentation procedures; proficient in the use of LaserPro software; proficient PC skills including Microsoft Office and Excel; thorough knowledge of current related regulations.

Experience: A minimum of two (2) to three (3) years of commercial loan closing experience.

 General Responsibilities

Responsible for coordinating all aspects of the loan closing process to ensure the loan closes properly; coordinating work within the department, as well as with other departments; processing change in term documents; complying with operating policies and procedures established for the commercial loan closing function; communicating with appropriate personnel; responding to inquiries or requests for information; reporting pertinent information to Loan Closing Manager.

Essential Duties

 Supervise and coordinate all aspects of the loan closing process to ensure the loan closes properly of which the following are illustrative:

1.  Works to guide approved loans through the documentation, closing, and funding process per the terms outlined in the original loan approval document.
2. Reviews loan approval document for completeness.
3. Communicates with loan officers, borrowers, attorneys, title companies, appraisers, and insurance agents to coordinate loan closing process and acquire needed information.
4. Ensures compliance with all regulations and governmental guidelines.
5.  Review all documents, i.e. - title report, survey, tax searches, entity documents, insurance, third party reports, etc.

1. Run flood searches on collateral properties.
2. Prepare and issue commitment letter.
3. Prepare closing checklist of all items needed prior to closing and send to borrower, bank attorney, and borrower’s attorney.
4. Prepare loan documents for small to mid-dollar loans approved, i.e. - commercial mortgages, lines of credit, construction, etc. utilizing LaserPro software and send loan documents to attorneys and Loan Closing Manager for review.
5. Communicate with loan officers, borrowers, attorneys, and title companies to acquire all documentation needed in order to coordinate loan closing.
6. Obtain fee quotes from attorneys and other third-party vendors as applicable.
7. Order third party reports and searches.
8. Satisfaction of all closing conditions have been cleared per loan approval.
9. Attend loan closings to assist the attorneys, borrowers, and title company.
10. Prepare loan closing wires and OFACs for each loan closing.
11. Prepare collateral files for each loan closing.
12. Prepare loan documents for change in terms, i.e. - extensions, renewals, rate changes, etc. utilizing LaserPro software and send to Loan Closing Manager for review. 
13. Performs other related duties as assigned.

• Coordinates specific work tasks with other personnel within the department as well as with other departments in order to ensure the smooth and efficient flow of information.

• Reports pertinent information to Loan Closing Manager as requested, or according to an established schedule; compiles information as necessary or as directed and provides data to appropriate bank personnel.

• Responds to inquiries relating to his/her particular area, or to requests from customers, other bank personnel, etc., within given time frames and within established policy.

• Communicates with Loan Closing Manager, other department managers, and appropriate staff personnel in order to integrate goals and activities

• Abides by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of harassment and other forms of illegal discriminatory behavior in the workplace. 

• Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements, i.e. - Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, etc.

WE OFFER:

• Medical benefits
• Dental benefits
• Vision benefits
• Life Insurance
• LTD Insurance
• Paid Federal Bank Holidays
• Flexible Spending Account
• Health Savings Account
• 401K
• PTO

First Commerce is dedicated to providing people, businesses, and communities in our markets with high quality products and services with superior customer service.  We provide products and services through secure, user-friendly technology and customer friendly locations. Our relationships are founded in our desire to be responsive to the financial needs of our customers in an atmosphere of personal attention, professionalism, trust, integrity and fairness. First Commerce prides itself on maintaining personal communications beginning with the Board of Directors.

First Commerce Bank is an Equal Opportunity Employer.  All qualified applicants receive consideration for employment without regard to race, color, religion, sex, age, disability, protected veteran status, national origin, sexual orientation, gender identity or expression, genetic information or any other characteristic protected by applicable law.