Loan Closer Specialist

5 days ago

Chicago, Illinois, United States Gulf Coast Bank & Trust Company Full time
Job Title: Loan Closer

Job Summary:

The Loan Closer is responsible for ensuring the smooth and efficient closing of loans in compliance with bank and government regulations. This role requires strong organizational and communication skills, as well as attention to detail and the ability to work independently and as part of a team.

Key Responsibilities:
  • Review loan files and prepare closing checklists to ensure all necessary documents are collected.
  • Schedule regular calls with borrowers to review progress and answer questions.
  • Properly document files for compliance with company requirements and obtain loan guaranty approval.
  • Coordinate with all parties to ensure compliance with bank, legal, and government program requirements.
  • Review loan documentation for accuracy and proper lien position, and maintain compliance with documentation requirements.
  • Prepare and process loan disbursements and maintain disbursement history, including associated invoices.
  • Compile evidence of equity injection as required by loan approval.
  • Ensure all due diligence complies with the Bank Secrecy Act, OFAC, and USA PATRIOT Act, including Customer Identification Program and Red Flag requirements.
  • Coordinate with legal counsel or title company to prepare and approve settlement statements prior to loan closing and funding.
  • Work directly with outside counsel to prepare closing documents.
  • Contribute to the company's growth and customer satisfaction by helping customers resolve problems.
  • Coordinate specific work tasks with other personnel within all departments to ensure smooth and efficient flow of information.
  • Cross-train and support all other positions within the franchise finance group.
  • Abide by current laws and organizational policies and procedures designed to promote a workplace free of sexual harassment and other forms of illegal discriminatory behavior.
  • Cooperate with, participate in, and support 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.
  • Assist with various administrative tasks to support department operations, as directed, and may be assigned special projects.
  • Participate in outside classes, seminars, meetings, and training to continually improve development, remain current, and aware of new growth opportunities.
  • Follow all safety and security procedures.
  • Other duties as assigned.
Requirements:
  • Associate degree or equivalent is required.
  • SBA experience is a plus.
  • Must have a good understanding of small business loan process.
  • Must be familiar with commercial loan documents and loan covenants.
  • To perform this job successfully requires a high level of independent problem-solving to perform all essential duties.
  • Demonstrate excellent communication (written and verbal) and interpersonal skills.
  • PC proficiency in Desktop, Laptop, Tablet, and Smartphone devices as well as Microsoft Office Suite software.
  • Ability to work well independently and within a team environment with proven ability to meet deadlines. Attention to detail is imperative.
  • Must have strong organizational and time management skills with the ability to learn and prioritize specialized loan processing tasks.
  • Must be a self-starter with the ability to multi-task.
Essential Mental & Physical Requirements:
  • Ability to travel if required to perform the essential job functions.
  • Ability to work under stress and meet deadlines.
  • Ability to read and interpret a document if required to perform the essential job functions.
  • Prolonged periods of sitting at a desk and working on a computer may be required.
  • Ability to lift/move/carry approximately 15 pounds if required to perform the essential job functions.

Gulf Coast Bank & Trust Company and its subsidiaries are committed to a diverse and inclusive workforce. We are committed to equal employment opportunities without regard to race, color, genetic information, religion, sex, affectional or sexual orientation, gender identity or expression, age, marital status, military and veteran status, physical and mental disability, and any other characteristic protected by applicable law. We believe in attracting, retaining, and promoting quality talent and recognize that our diversity is critical to the success of the company.

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