Commercial Loan Closer

Mountain America Credit Union; Sandy (UT); Sur place; USD 55 000 - 85 000; Plein temps

Résumé du poste

Mountain America Credit Union is seeking an experienced Commercial Loan Closer to manage the closing processes for less complex CRE loans, coordinating with loan officers, underwriters, borrowers, brokers, title companies and other parties to deliver funded loans.

You will prepare closing documents, review tax returns, and ensure lien positions on collateral while maintaining accurate records and meeting timelines in a fast-paced team environment.

Qualifications

• One year loan closing experience in a progressive financial setting, preferably commercial lending.
• Equivalent to a two-year college degree or equivalent experience.
• Proficient with Microsoft Office Suite (Outlook, Word, Excel).
• Experience with loan origination systems preferred.
• Experience with loan documentation software preferred.
• Experience with Symitar preferred.
• Strong written communication skills for loan documentation and addenda.

Responsabilités

• Coordinate, package, document and fund less complex CRE loans in partnership with loan officers, underwriters, borrowers, title companies and third parties.
• Prepare closing needs lists and ensure loan files are closed and funded per approvals and MACU policy.
• Review credit memos and loan files; clear liens and ensure proper collateral positions (real estate and UCC).
• Prepare and file UCC searches and filings; draft trust deeds, notes, borrower certifications and related documents.
• Manage post-closing activities, payoff quotes, reconveyances, and loan file records.
• Communicate with stakeholders through origination to closing; provide superior customer service.

Connaissances

Communication skills

Written communication

Time management

Autonomy & collaboration

Formation

Two-year college degree or equivalent experience

Outils

Microsoft Office Suite (Outlook, Word, Excel)

Loan origination systems

Loan documentation software

Symitar

Description du poste

Commercial Loan Closer# \\_## Commercial Loan CloserApply: Sandy, UT: Full time: Posted Yesterday: R20923# **Please reference the schedule and minimum qualifications listed below before applying.**If you need assistance with filling out our application form or during any phase of the application, interview, or employment process, please notify our Human Resources Team at 801-366-6947 option 1 or email [e-mail] and every reasonable effort will be made to accommodate your needs in a timely manner.# **Job Summary**Manages the commercial loan closing processes for less complex commercial loans in accordance with MACU and NCUA rules and regulations, participates in team administration functions, and participates in all aspects of the commercial lending cycle.# **Job Description**To be effective, an individual must be able to perform each job duty successfully.• Works with commercial loan officers, underwriters, borrowers, brokers, title companies, insurance agents, attorneys, and other third parties to coordinate, package, document and fund less complex structured CRE loans, which may include singular borrowers, minimal amount of guarantors, and smaller loan balances generally up to $5 million. • Has a general understanding of CRE loan documentation and operates in accordance with the policies, procedures, and guidelines of the company and business units. • Has a general understanding of business tax returns, personal tax returns, schedule K-1s, financial statements, and rent rolls. • Understands and demonstrates a high level of written communication relating to loan file documentation, memorandums, and all forms of written communication. • Reviews approved credit memos and loan files to prepare closing needs lists to satisfy all subject to requirements of the approval, properly documents the loan file, and ensures loans are closed/funded according to approval documents and MACU policy with moderate supervision. • Communicates with commercial title companies to clear exceptions and other collateral issues to ensure MACU has appropriate lien positions on all real estate collateral. • Prepares and files all UCC searches and filings to ensure MACU has appropriate lien positions on all UCC collateral. • Prepares all loan documents including trust deeds, notes, borrower certifications, beneficial ownership, borrower resolutions, and loan specific documentation. • Prepares memorandums, modifications, and administrative actions on any loans that may be assigned. • Processes and reviews IRS tax returns for accuracy. • Manages and prepares payoff quotes, reconveyances of trust deeds, partial releases and collateral releases during refinances on existing loans. • Ensures accurate records are maintained in loan files including lien perfections. • Ensures loan ticklers are properly documented and maintained. • Tracks and clears all post-closing documentation when applicable. • Responsible for reviewing, boarding, requesting wires, approving other closing specialist’s wires, and funding CRE loans. • Prepares assigned origination and closing related reports in a timely and efficient manner. • Reviews professional real estate appraisals to validate collateral accuracy and track income approach calculations. • Ensures regular communication through the origination process with loan officers, underwriters, management, and members. • Provides superior customer service both internally and externally with respect to commercial loans. • Is generally able to manage up to five loan files at a given time. • Works together with all teams to accomplish monthly, quarterly and annual goals. • Performs other duties as assigned.**KNOWLEDGE, SKILLS, and ABILITIES**The requirements listed are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.**Experience** One year loan closing experience in a progressive financial setting, working in a commercial lending setting preferred.**Education** Equivalent to a two-year college degree or equivalent experience.**Managerial Responsibility** Has no supervisory/managerial responsibilities.**Computer/Office Equipment Skills** • Intermediate skills with Microsoft Office Suite including Outlook, Word, and Excel. • Experience with loan origination systems preferred. • Experience with loan documentation software preferred. • Experience with Symitar preferred.**Language Skills** • Good oral communication skills with demonstrated ability to present information in a manner appropriate for key stakeholders and all levels of the organization. • Good writing and grammatical skills relating to preparing addendums, memorandums, and all forms of written communication.**Other Skills and Abilities** • Unquestioned personal and professional integrity. • Ability to work both autonomously and collaboratively in a fast-paced environment. • Self-starter with good organization and time management skills and the ability to work productively and efficiently in a fast-paced environment with multiple projects and timelines. • Adaptive to change, responds positively to altered circumstances or conditions. • Possess a desire and willingness to learn and continually update knowledge base on financial concepts, strategies, systems etc. • Take initiative to be a problem solver and provide suggestions to improve processes and efficiencies.**PHYSICAL ABILITIES / WORKING CONDITIONS****Physical Demands** Ability to sit, talk and hear consistently Ability to stand, walk, and use hands to handle or reach occasionally**Vision Requirements** Close vision (clear vision at 20 inches or less) Distance vision (clear vision at 20 feet or more)**Weight Lifted or Force Exerted** Ability to lift up to 10 pounds occasionally**Environmental** There are no unusual environmental factors (such as a typical office)**Noise Environment** Moderate noise (business office with computers and printers, light traffic) Mountain America Credit Union is an EEO/AA/ADA/Veterans employer.