Commercial Loan Closer
Quest Financial, Atlanta, GA, United States
Our client located in Buckhead, GA is looking for a Commercial Loan Closer to join their team.
Pay: $65k - $75k + Bonus
Hybrid - 3x/week in office
The Commercial Loan Closer coordinates, prepares loan documentation, and reviews commercial loan transactions while ensuring accuracy and meeting the requirements of loan approval, loan policy, federal regulations, and state laws.
Key Responsibilities
Facilitate the closing of commercial loan transactions from approval through funding. Review loan type, approval terms, loan policy, and applicable regulations to determine closing requirements and create due diligence/closing checklists. Perform due diligence for a variety of commercial loans and manage all pre-closing activities. Prepare loan documentation within the bank’s documentation system, ensuring accuracy and compliance with loan approvals and internal standards. Manage a pipeline of loans at different stages of the closing process while maintaining workflow and deadlines. Identify and obtain required third-party reports, including title reports, surveys, entity documents, flood determinations, environmental reports, and UCC searches. Review documentation and reports to ensure accuracy and compliance with bank policies and regulatory requirements. Identify discrepancies or issues and coordinate resolution to ensure timely loan closings. Serve as a liaison between loan officers, attorneys, third-party vendors, and borrowers throughout the loan closing process. Monitor and follow up on closing requirements to ensure deadlines and timelines are met. Provide ongoing updates to lenders and borrowers regarding loan status and closing progress. Process disbursement of loan proceeds once closing requirements have been satisfied. Maintain and update electronic closing checklists to ensure all due diligence items are completed. Organize and manage electronic files for all commercial loan documentation. Meet service level agreements and quality control standards within the Commercial Hubs team. Provide clear guidance and communication to internal and external stakeholders to support efficient loan processing. Working knowledge of commercial loan documentation and loan structures including commercial real estate, asset-based lending, and C&I lending. Understanding of due diligence requirements related to commercial loan transactions. Familiarity with corporate documentation, leases, subordination agreements, property management agreements, franchise agreements, borrowing bases, and title documentation. Knowledge of banking regulations and compliance requirements related to commercial lending. Intermediate proficiency with Microsoft Office and banking documentation systems. Strong written and verbal communication skills. Ability to prioritize and manage multiple loans and deadlines simultaneously. Strong analytical and problem-solving abilities with attention to detail. Ability to read, analyze, and interpret commercial loan documents. Strong organizational skills with the ability to manage a high volume of documents and transactions. Ability to research issues, identify solutions, and communicate findings clearly. Ability to perform accurate calculations and maintain detailed records. Qualifications
3+ years of experience as a Commercial Loan Closer or in a related commercial loan operations role.
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Facilitate the closing of commercial loan transactions from approval through funding. Review loan type, approval terms, loan policy, and applicable regulations to determine closing requirements and create due diligence/closing checklists. Perform due diligence for a variety of commercial loans and manage all pre-closing activities. Prepare loan documentation within the bank’s documentation system, ensuring accuracy and compliance with loan approvals and internal standards. Manage a pipeline of loans at different stages of the closing process while maintaining workflow and deadlines. Identify and obtain required third-party reports, including title reports, surveys, entity documents, flood determinations, environmental reports, and UCC searches. Review documentation and reports to ensure accuracy and compliance with bank policies and regulatory requirements. Identify discrepancies or issues and coordinate resolution to ensure timely loan closings. Serve as a liaison between loan officers, attorneys, third-party vendors, and borrowers throughout the loan closing process. Monitor and follow up on closing requirements to ensure deadlines and timelines are met. Provide ongoing updates to lenders and borrowers regarding loan status and closing progress. Process disbursement of loan proceeds once closing requirements have been satisfied. Maintain and update electronic closing checklists to ensure all due diligence items are completed. Organize and manage electronic files for all commercial loan documentation. Meet service level agreements and quality control standards within the Commercial Hubs team. Provide clear guidance and communication to internal and external stakeholders to support efficient loan processing. Working knowledge of commercial loan documentation and loan structures including commercial real estate, asset-based lending, and C&I lending. Understanding of due diligence requirements related to commercial loan transactions. Familiarity with corporate documentation, leases, subordination agreements, property management agreements, franchise agreements, borrowing bases, and title documentation. Knowledge of banking regulations and compliance requirements related to commercial lending. Intermediate proficiency with Microsoft Office and banking documentation systems. Strong written and verbal communication skills. Ability to prioritize and manage multiple loans and deadlines simultaneously. Strong analytical and problem-solving abilities with attention to detail. Ability to read, analyze, and interpret commercial loan documents. Strong organizational skills with the ability to manage a high volume of documents and transactions. Ability to research issues, identify solutions, and communicate findings clearly. Ability to perform accurate calculations and maintain detailed records. Qualifications
3+ years of experience as a Commercial Loan Closer or in a related commercial loan operations role.
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