Commercial Loan Closer

A local community bank is seeking a Commercial Loan Closer that will sit onsite 4 days a week in Columbus Ohio. The Loan Closer is the key focal point for all loan closing tasks and is responsible for providing the final "clear to close" once all due diligence and documentation has been completed. A Loan Closer is expected to effectively communicate with all parties, including sales personnel and/or customers, to expedite the request for loan documentation while meeting underwriting, bank policy, compliance, and regulatory requirements. The Loan Closer also reviews credit approvals and recommends additional conditions or documentation as needed based on the individual nature of each loan. Responsible for completing all due diligence associated with the satisfaction of approval and collateral lien perfection conditions prior to the preparation of loan closing documents. Working independently or under minimal supervision, the Loan Closer performs a wide variety of functions relating to ensuring all conditions and due diligence items are cleared for the preparation and processing of loan documents for approved loan requests.



Essential Duties and Responsibilities:



Reviews the credit approval for loan closing conditions, appropriate lending authority, and lien perfection requirements.

Provides feedback and updates closing conditions as necessary with additional documentation and due diligence items based on the unique conditions surrounding each loan.

Orders/obtains required due diligence items from all submission points including branch, customers, internal groups, or 3rd party vendors.

Interacts with Underwriter, as required, to ensure satisfaction of approval conditions before closing.

Interacts and communicates on an ongoing basis with all bank partners including, sales, underwriters, documentation preparation, title companies, attorneys, flood vendors, other 3rd party vendors, etc. to ensure loan closing requirements are understood and satisfied.

Establishes and maintains an effective and open dialogue with sales personnel to communicate loan status and obtain responses to questions or other needed information.

Ensures that closing of all commercial loans are properly documented, in accordance with all approvals.

Prepares Loan documentation as needed.

Makes final determination as to whether all due diligence items have been received and reviewed and that loan documentation is completed correctly to allow for a loan to be closed and booked.

Coordinates efforts to establish closing date, time, and place with all parties including customer, attorneys, title companies and sales personnel.

Ensures all due diligence information is properly documented and appended to the imaging system.

Monitors post-closing compliance with the covenants.

Reviews closing documentation for completeness based upon proper approvals and information provided.

Minimum 2 years as a loan closer

Familiarity with loan documentation and has experience with a number of different credit structures

Efficient project manager, with the ability to monitor and manage multiple projects at once as necessary

Self-sufficient and able to work independently

Driven to complete tasks and do what it takes to close out loans within specified timeline

Preferred experience in loan documentation

Preferred experience with a community bank

Experience as a paralegal is helpful

Benefit packages for this role will start on the 31st day of employment and include medical, dental, and vision insurance, as well as HSA, FSA, and DCFSA account options, and 401k retirement account access with employer matching. Employees in this role are also entitled to paid sick leave and/or other paid time off as provided by applicable law.