Commercial Loan Closer

We are centrally located in Dallas at Spring Valley and Dallas North Tollway and searching for a talented, analytical, and high-performing individual who wants stability, growth opportunity, and an excellent compensation and benefits package. In the role of Commercial Loan Closer, you are responsible for ensuring all commercial, corporate, consumer, and commercial real estate loans are closed according to the loan approval and the Bank's credit policy requirements. The loan closer collects and reviews all entity and collateral due diligence and is responsible for the preparation of all loan documentation in addition to obtaining the required third-party reports. The closer serves as the process administrator and point of contact throughout the closing and funding of each loan. This is a hybrid role that may include loan booking responsibilities. Must be able to communicate effectively with clients, third parties, and all lending personnel to ensure the bank's security interest is properly documented and protected.

ESSENTIAL RESPONSIBILITIES:

• In charge of obtaining third-party reports (e.g., appraisal, appraisal review, title commitment/lien search, UCC search, environmental report(s), property condition report, flood certification, certificate of good standing, etc.)


• Responsible for reviewing all collateral-related due diligence, including but not limited to all third-party reports, property insurance, including general liability and flood if applicable, leases, estoppels, SNDAs, security agreements, borrowing base certificates, accounts receivable, brokerage statements, etc.


• Correspond with attorneys, title companies, insurance companies, and various other outside entities to obtain necessary documents and coordinate closing schedules between related parties


• Responsible for the preparation of closing documentation, which includes in-house document preparation on the Laser Pro system and engaging attorneys for larger or more complex business loans, C&I, commercial real estate, and interim construction loans


• Communicate with internal lending staff to obtain the deal structure, loan terms, fees, and expected closing date


• Responsible for verifying the appropriate SNDAs and/or Estoppels have been prepared and documenting if they are required for funding or post-closing


• Must perform a final review of all loan documentation prior to closing for accuracy and ensure the loan documentation conforms with the loan approval before sending documents to the title company and/or client


• Performs loan closings for loans not closed by an escrow agent through a title company


• Responsible for reviewing all signed loan documents at the time of closing for accuracy, prior to funding, to verify all documents have been appropriately executed


• Prepare funding advance forms for all loan closings to document the allocation of funds


• Responsible for imaging all loan documentation and any supporting documentation to the imaging system in a timely manner

QUALIFICATIONS:

• Minimum 3 - 5 years of applicable commercial loan closing experience (to include commercial, consumer, real estate, and/or participation/syndication experience).


• Bachelor's Degree or equivalent work experience.


• Software experience with LaserPro required.


• Software experience with FIS Horizon helpful.


• Highly proficient with Microsoft Office (Word & Excel).


• Thorough understanding and knowledge of lending regulations and compliance issues associated with various types of loans. (Commercial, Real Estate, Consumer, Letters of Credit, Loan Participations).


• Ability to read, understand, interpret and effectively explain complex materials, including attorney-prepared loan documents.


• Knowledge of various types of lending contracts such as Deed of Trust, Mechanic's Lien, Promissory Note, Security Agreement, Loan Agreement, UCC recording, etc.


• Knowledge of basic provisions of state and federal laws (Reg Z, HMDA, CRA, etc.) pertaining to lending, collateral, perfection of liens and valid checks.


• Knowledge of the purpose and functions of Loan Administration and how they relate to other departments such as Lending, Accounting, and Client Services Departments.


• Effective listening skills, communication skills, and basic business writing skills with the ability to convey complex information in a way that is easy for others to understand.


• Strong time management, organizational & planning skills with proven ability to multi-task & meet deadlines in a fast-paced environment.


• Superior analytical & quantitative skills.


• Ability to establish smooth working relationships, resolve interpersonal conflicts, and correct misunderstandings or errors.


• Ability to perform high volumes of work with regular interruptions under deadline pressure without losing accuracy.


• Ability to use good judgment and discretion - define problems, collect data, establish facts and draw valid conclusions.


• Ability to make routine decisions quickly and independently, based on standard policy or procedure, utilizing standard business etiquette.


• Deadline-driven with exceptional attention to detail.