Commercial Loan Closer
4 weeks ago
We are seeking a highly skilled Commercial Loan Closer to join our team at The Symicor Group. As a Commercial Loan Closer, you will be responsible for reviewing and verifying loan documents, ensuring accuracy and compliance with Bank policies and SBA guidelines.
Key Responsibilities:
- Review credit files and complete necessary documentation for SBA packaging files.
- Enter information into the loan operating system (LOS) and communicate with loan pre-closers and loan officers to obtain missing or updated documentation.
- Work closely with commercial lenders, business development officers, underwriting, attorneys, document preparation, third-party vendors, and customers to prepare loan package closing.
- Maintain control over loans in the process to detect potential problems and ensure all department managers are informed of any issues.
- Review closing documents upon receipt from the bank attorney to ensure conformance with approved loan terms and conditions.
- Order and review UCC/Federal/State/County preliminary lien searches, title commitments, flood search, appraisal, environmental reports, and requests.
- Timely communication with the borrower, commercial lender, and pre-closer regarding missing items needed to complete loan closing.
- Ensure prompt payment of Guaranty fee in the SBA/USDA required time frame.
- Review articles and by-laws/operating agreements, where applicable, of partnership, corporation, and limited liability company (LLC).
- Follow internal audit procedures to ensure files are properly documented and scanned into an electronic scanning system.
- Clear any outstanding items, exceptions, and liens, prior to or at, closing time.
Requirements:
- Bachelor's Degree (AA) from a four-year college or university and two to five years related experience and/or training; or equivalent combination of education and experience.
- Advanced knowledge of lending operations and closing procedures.
- Knowledge of commercial lending and SBA lending processes is required to assist in the preparation of this information.
- Ability to calculate figures and amounts to apply math concepts.
- Ability to apply sound judgment and understanding to carry out instructions and/or to solve problems with variables.
About The Symicor Group:
The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves.
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