Commercial Loan Closer

4 weeks ago


Dallas, Texas, United States The Symicor Group Full time
Job Title: Commercial Loan Closer

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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