Commercial Loan Closer

Position Summary

Responsible for coordinating the final stages of the lending process by preparing, reviewing, and executing loan documentation to ensure accurate and timely closing of commercial loans. This Ensures compliance with bank policies and regulatory requirements while providing exceptional service to internal and external clients, and involves working closely with loan officers, borrowers, attorneys, and third-party vendors to facilitate smooth closings of real estate and construction finance deals. Interacts with credit analysts, loan officers, and attorneys to ensure that loans are documented accurately and that all required documents are executed and packaged for submission to the loan operations department for booking.

Essential Functions

• Facilitates the closing of commercial loans.

• Provides excellent customer service by responding promptly to inquiries and explaining closing procedures to clients.

• Reviews loan type, approval terms and conditions, loan policy, federal regulations, and state laws to determine closing requirements and develop a due diligence/closing checklist.
• Performs due diligence activities for a wide range of commercial loans, applying working knowledge to analyze requirements and effectively administer pre-closing activities.
• Prepares loan documents on bank's documentation system, ensuring that documents are prepared accurately with proper terms and conditions as outlined in the loan approval and within standards and requirements.

• Ensures all loan documentation is accurate, complete, and compliant with bank policies, loan agreements, and regulatory standards.
• Effectively and efficiently manages a large pipeline of loans at different stages of the closing process while managing workflow and deadlines.

• Identifies and obtains all necessary third-party reports which may include title, surveys, entity documents, flood determinations, environmental reports and UCC searches.

• Identifies discrepancies and issues, facilitates resolution, and takes corrective actions to assist in resolving any discrepancies or issues that arise during the closing process.

• Acts as a liaison with loan officers, attorneys, third party vendors and customers.
• Executes timely follow up and management of all closing requirements; monitors to ensure deadlines are met.

• Communicating with internal and external customers on the status of specific loan requests.
• Processes disbursement of loan proceeds, and verifies that all conditions precedent to funding are satisfied before disbursing funds.

• Maintain and update checklists to ensure all diligence items are addressed.
• Manage electronic file organization for all commercial loan files.
• Confirm evidence of hazard, liability and other required insurance
• File UCC financing statements and other legal documentation

• Stays informed of changes in lending regulations and bank policies affecting loan closings.
• Cross-sell other products and services as appropriate.

Education and Experience

• Bachelor's degree or equivalent combination of education and experience preferred.

• Three plus years' experience in commercial lending, loan processing, or closing.

Licenses and Certifications

• N/A

Knowledge, Skills, and Abilities

• Strong knowledge of real estate and construction loan documentation, legal terminology, and regulatory requirements.
• Excellent organizational, communication, and attention to detail skills.
• Ability to work under pressure and meet deadlines.
• Current knowledge of lending practices, applicable banking regulations and security procedures and practices to prevent fraud or other bank losses and to comply with regulatory requirements.
• Strong knowledge of due diligence requirements related to commercial loan transactions including but not limited to corporate documentation, leases, subordination agreements, property management agreements, franchise agreement, borrowing bases, insurance, and titles.
• Ability to provide a high level of interactive service to others, building relationships and addressing identified needs.
• Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, and area. Ability to apply concepts of basic algebra.
• Ability to apply critical thinking to identify the strengths and weaknesses of alternative solutions or approaches to problems.
• Ability to analyze, and interpret legal documents, governmental regulations, and professional publications.
• Effectively present information and respond to inquiries from senior management, attorneys, vendors, government agents, and the general public; ability to write reports and business correspondence.
• Ability to effectively and persuasively express self, using language and grammar in a professional manner.
• Ability to apply common sense understanding to carry out written and oral instructions. Ability to deal with problems involving several concrete variables in standardized situations.
• Ability to work independently with little supervision.
• Excellent computer skills in a Microsoft Windows environment including proficiency in Word and Excel.
• Proficient in a Abrigo or similar commercial lending system.

Compliance

• It is the responsibility of each bank staff member and of management to adhere to policies and procedures designed to implement compliance with the laws and regulations to which the bank is subject. Each bank staff and management member shall be accountable for understanding how compliance with laws and regulations affects the performance of their day-to-day duties, for completing compliance training as assigned and for carrying out those duties in a manner to achieve compliance with those laws and regulations.

All qualified applicants will receive consideration for employment without regard to race, color, age, religion, gender, sexual orientation, gender identity, national origin, protected veteran status or disability.

This job description is not an employment agreement or contract, implied or otherwise. Unity Bank maintains "at will" employment.

This document describes the position currently available. It is intended to convey information essential to understanding the scope of the position and is not an exhaustive list of skills, efforts, duties, responsibilities or working conditions associated with it. Unity Bank reserves the right to modify duties or job descriptions at any time. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities at any time. Individuals may perform other duties as assigned, including work in other functional areas to cover absences or relief, to equalize peak work periods or otherwise balance the workload.

Unity Bank is committed to the principles of equal employment opportunity and prohibits discrimination in hiring, promotion and terms and conditions of employment on the basis of race, creed, color, national origin/nationality, ancestry, religion/religious practices or observances, age, sex, gender identity or expression, affectional or sexual orientation, marital status, civil union status, domestic partnership status, disability or perceived disability, atypical hereditary cellular or blood trait, genetic information, and status as a veteran or disabled veteran of, or liability for service in, the Armed Forces of the United States.

Unity Bank commits to making reasonable accommodation to the known physical or mental limitations of qualified individuals with disabilities and qualified disabled veterans provided the individual is able to perform the essential functions of the job , unless such accommodation would impose an undue hardship upon Unity Bank. A qualified employee or job applicant with a disability may request a reasonable accommodation by contacting Unity Bank's human resources department.