Commercial Loan Closer

GetHired, Inc.; Lexington (SC); On-site; USD 55,000 - 75,000; Full time

Job summary

GetHired, Inc. in Lexington, SC seeks a Loan Documentation Specialist to prepare loan packages based on worksheets and commitment letters, review title work, verify insurance, and coordinate with closing attorneys for timely delivery.

You will handle outside appraisals, insurance reviews, and ensure adherence to lending policies while maintaining strong internal/external customer service and accurate documentation.

Qualifications

• High school diploma or equivalent and 5 years related experience; or an equivalent combination of education and experience.
• Effective oral and written communication skills.
• Ability to maintain professional focus.
• Ability to compute basic to moderately complex math calculations.
• Proven problem-solving, critical thinking, and analytical skills. Ability to interpret variety of information furnished in written, oral, diagram, or schedule form.
• Exhibit attention to detail and accuracy.
• Proficiency in using personal computers and office products (e.g., Word, Excel).
• Excellent customer service and interpersonal skills.
• Strong organizational and time management skills. Ability to prioritize.
• Demonstrate willingness and desire to interact in a team environment.

Responsibilities

• Order, review and approve title work for real estate loans and notify commercial banker or retail banker of any problems and issues related to title exceptions, property liens and encroachments, judgments, rollback and unpaid taxes.
• Order, review and approve all outside appraisal requests received from commercial bankers, retail bankers, and branch paralenders. Stay abreast of regulatory and compliance issues that impact appraisal process, specifically Uniform Standards Professional Appraisal Practice (USPAP).
• Review and approve all in-house evaluations.
• Demonstrate proficiency in analyzing and interpreting loan requests and documents of varying degrees of complexity. Consumer and commercial loan requests include real estate and/or other collateral, collateral substitutions, new loans, loan modifications, and renewals with increases.
• Interpret and apply Bank policies such as loan-to-value ratio, appraisal criteria, etc to loans.
• Exhibit a working knowledge of general lending policies and practices.
• Prepare system-generated loan documents accurately based on information supplied by commercial bankers (e.g. loan worksheet, commitment letter, loan report, etc.) and, with regard to real estate loans, information received from closing attorneys, tax assessors, etc..
• Identify insurance policies accurately (e.g., hazard, collision, builders risk, workers comp, general liability, flood, etc.) and review policies to confirm adequate coverage for loan.
• Prepare and send wires and various Bank tickets to accompany loan packages to attorneys.
• Complete Documentation Checklist indicating received items and items that are pending, missing, incomplete and/or questionable. Includes reviewing and verifying executed loan documents received from closing attorneys.
• Liaison with closing attorneys to deliver total loan package to be used at loan closing.
• Partner with commercial bankers, retail bankers and banking office paralenders to ensure that loan process is smooth and to resolve documentation and timing issues as necessary.
• Maintain customer service focus on internal and external customers to encourage positive business relationships.
• Stay abreast of regulatory and compliance issues that impact credit decisions and loan documentation including Fair Lending, HMDA, Credit Life, and Wolters Kluwer Financial Services resources. Follow bank policies and procedures, security guidelines, and comply with all federal, state and local regulations.
• Demonstrate working knowledge of all Bank loan products and services.

Skills

Oral & written communication

Attention to detail

Math calculations

Problem solving

Analytical thinking

Time management

Teamwork

Customer service

Prioritization

Education

High school diploma or equivalent

Tools

Microsoft Office

Job description

Position Summary

Responsible for preparingloan packages based on receipt of loan worksheets and commitment letters fromcommercial bankers and retail bankers.Preparation includes accurately completing loan documentation, orderingand reviewing title work, verifying insurance coverage, ordering and/orcompleting additional external documents (e.g., flood, appraisal, Census Tract,Secretary of State, etc). Alsocoordinates with loan closing attorneys to ensure timely delivery of loanpackage.

Essential Duties andResponsibilities

(Other duties may be assigned.)

• Order, review and approve title work for real estateloans and notify commercial banker or retail banker of any problems and issuesrelated to title exceptions, property liens and encroachments, judgments, rollbackand unpaid taxes, etc.


• Order, review and approve all outside appraisalrequests received from commercial bankers, retail bankers, and branchparalenders. Stay abreast of regulatoryand compliance issues that impact appraisal process, specifically UniformStandards Professional Appraisal Practice (USPAP).


• Review and approve all in-house evaluations.


• Demonstrate proficiency in analyzing and interpretingloan requests and documents of varying degrees of complexity. Consumer and commercial loan requests includereal estate and/or other collateral, collateral substitutions, new loans, loanmodifications, and renewals with increases.


• Interpret and apply Bank policies such asloan-to-value ratio, appraisal criteria, etc to loans.


• Exhibit a working knowledge of general lendingpolicies and practices.


• Prepare system-generated loan documents accuratelybased on information supplied by commercial bankers (e.g. loan worksheet,commitment letter, loan report, etc.) and, with regard to real estate loans,information received from closing attorneys, tax assessors, etc..


• Identify insurance policies accurately (e.g., hazard,collision, builders risk, workers comp, general liability, flood, etc.) andreview policies to confirm adequate coverage for loan.


• Prepare and send wires and various Bank tickets toaccompany loan packages to attorneys.


• Complete Documentation Checklist indicating receiveditems and items that are pending, missing, incomplete and/or questionable. Includes reviewing and verifying executedloan documents received from closing attorneys.


• Liaison with closing attorneys to deliver total loanpackage to be used at loan closing.


• Partner with commercial bankers, retail bankers and bankingoffice paralenders to ensure that loan process is smooth and to resolvedocumentation and timing issues as necessary.


• Maintain customer service focus on internal andexternal customers to encourage positive business relationships.


• Stay abreast of regulatory and compliance issues thatimpact credit decisions and loan documentation including Fair Lending, HMDA,Credit Life, and Wolters Kluwer Financial Services resources. Follow bank policies and procedures, securityguidelines, and comply with all federal, state and local regulations.


• Demonstrate working knowledge of all Bank loanproducts and services.

Qualifications

• High school diploma or equivalent and 5 years relatedexperience; or an equivalent combination of education and experience.


• Effective oral and written communication skills.


• Ability to maintain professional focus.


• Ability to compute basic to moderately complex mathcalculations.


• Proven problem-solving, critical thinking, andanalytical skills. Ability to interpreta variety of information furnished in written, oral, diagram, or schedule form.


• Exhibit attention to detail and accuracy.


• Proficiency in using personal computers and officeproducts (e.g., Word, Excel).


• Excellent customer service and interpersonal skills.


• Strong organizational and time management skills. Ability to prioritize.


• Demonstrate willingness and desire to interact in ateam environment.