Closing Agent, Loan Operations, South Bend, IN

1st Source Corporation; South Bend (IN); On-site; USD 42,000 - 58,000; Full time

Job summary

1st Source Corporation in South Bend, IN is seeking a Closing Agent for Loan Operations to help ensure proper loan closings and insurance coverage on collateral. The role emphasizes accuracy, regulatory compliance, and tight collaboration with sales and third-party vendors.

The position requires a High School Diploma or GED and prior loan experience is preferred. On-site, full-time work with routine documentation, due diligence, and ongoing training to meet bank policies and federal regulations.

Qualifications

• Experience in commercial or consumer loan workflow preferred.
• Ability to handle multiple tasks with accuracy and organization.
• Strong written and verbal communication skills.
• Proven record of maintaining accurate records and file management.
• Familiarity with bank policies, procedures and regulatory requirements.
• Willingness to complete compliance training and stay updated on laws.

Responsibilities

• Monitor insurance coverage on collateral and coordinate with third-party vendors to ensure required loans have sufficient hazard/flood insurance.
• Collaborate with sales staff to document loan closings in accordance with bank policies and federal regulations.
• Perform due diligence as required on specified loans.
• Verify accuracy and completeness of loan documentation for closings.
• Complete all compliance training related to the position.
• Understand applicable laws and regulations and adhere to them.

Skills

Loan processing

Attention to detail

Communication skills

Education

High School Diploma/GED

Job description

Closing Agent, Loan Operations, South Bend, IN

Job Category: Administrative/Service Support

Requisition Number: CLOSI004414

• Full-Time
• On-site

Locations

Showing 1 location

Description

POSITION SUMMARY

Responsible for ensuring selected loans required by the bank maintain sufficient insurance coverage on collateral. Prepares closing loan documents, by determining proper documentation and due diligence requirements.Ensures bank policies and procedures, and regulations are adhered to for proper documentation and perfection of the bank's lien prior to funding.

ESSENTIAL REQUIREMENTS

• Monitors and tracks insurance coverage, as well as works closely with third party vendor to ensure all required loans maintain sufficient hazard and/or flood insurance.
• Works closely with the sales staff to document all business banking loan closings per the bank’s policies and procedures and federal regulations.
• Performs due diligence as required on specified loans.
• Verifies the accuracy and completeness of all loan documentation necessary for loan closings.
• Responsible for the completion of all compliance training related to the position.
• Understands all applicable laws and regulations that apply to the position and complies with the requirements.

NON-ESSENTIAL FUNCTIONS

Performs all other duties as assigned.

EXPERIENCE/SKILLS

• Prior commercial or consumer loan experience preferred.
• Ability to handle stressful situations with calmness and courtesy.
• Ability to communicate effectively, both orally and in writing.
• Maintain good records and file management skills.
• Ability to handle multiple tasks and frequent interruptions.

EDUCATION

High School Diploma/GED required.

TRAVEL REQUIREMENTS

Minimal or occasional travel as needed for meetings, projects, training, etc.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals to perform the essential functions.

While performing the duties of this job, the employee is required to sit, stand, and walk; use hands and fingers to operate keyboard and other office equipment; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop or kneel. The employee may occasionally lift and/or move up to 10 pounds.

EQUIPMENT

MS Office PC, phone and standard office equipment.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.