Commercial Loan Closing Specialist
Core
Responsible for the determination, review, analysis, and completion of all due diligence associated with the commercial loan documentation and closing process, ensuring satisfaction of credit approval conditions before preparing loan documents.
Role type
Commercial Loan Closing Specialist
Builds
Commercial loan documentation for real estate and non-real estate secured loans
Domain
Banking / Commercial Lending
Required skills
Commercial loan documentation, Vendor due diligence (title work, appraisals, flood determinations, lien searches), Loan approval conditions, Regulatory compliance (CIP, Reg U, Flood), Business entity structures, Loan coding for reporting, Settlement statements, Microsoft Excel/Word
Preferred skills
B2B, CCAS, AFS, RIMS, CHQ, loan Doc Prep systems
Responsibilities
Review and analyze credit approval memos to determine due diligence requirements; Coordinate with internal/external parties (attorneys, title companies) to establish closing dates; Obtain and review entity documents to determine authorized parties; Resolve deficiencies in loan documents to align with deal structure; Determine when all underwriting conditions are satisfied to authorize closing; Apply credit policies and procedures to mitigate risk.
Seniority
Mid-level, individual contributor