Commercial Loan Closer (Branch Paralender)

First Community Bank; Columbia (SC); On-site; USD 45,000 - 65,000; Full time

Job summary

First Community Bank in Columbia, SC is seeking a Loan Documentation Specialist to prepare loan packages, review appraisals, verify insurance coverage, and assemble required external documents.

You will work with commercial and retail bankers to ensure accurate loan documentation, adherence to policy, and timely delivery of all closing items, while maintaining strong internal and external customer service.

Qualifications

• Demonstrate proficiency in analyzing and interpreting loan requests and documents of varying degrees of complexity.
• Apply Bank policies such as loan-to-value ratio, appraisal criteria, etc to loans.
• Prepare system-generated loan documents accurately based on information supplied by commercial and retail bankers (e.g. loan worksheet, commitment letter, loan report, 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.
• Stay abreast of regulatory and compliance issues that impact credit decisions and loan documentation including Fair Lending, HMDA, Credit Life, etc.

Responsibilities

• Demonstrate proficiency in analyzing and interpreting loan requests and documents of varying degrees of complexity.
• Interpret and apply Bank policies such as loan-to-value ratio, appraisal criteria, etc to loans.
• Order and review loan documentation and notify commercial banker and retail bankers of any identified problems and issues.
• Assist commercial and retail bankers with clearing collateral and financial statement exceptions.
• Exhibit a working knowledge of general lending policies and practices.
• Prepare system-generated loan documents accurately based on information supplied by commercial and retail bankers (e.g. loan worksheet, commitment letter, loan report, etc).
• Reconcile the construction inspection fees general ledger monthly.
• Prepare month end reports for commercial bankers using system generated information.
• 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.
• Complete Documentation Checklist indicating received items and items that are pending, missing, incomplete and/or questionable. Includes reviewing executed loan documents received from closing attorneys as relates to clearing collateral exceptions.
• Partner with commercial bankers, retail bankers and centralized 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.
• Demonstrate working knowledge of all Bank loan products and services.

Skills

Effective communication

Analytical skills

Attention to detail

Time management

Team player

Education

High school diploma or equivalent with 5 years related experience

Tools

Word

Excel

PC proficiency

Job description

Position Summary

Responsible for preparing loan packages based on receipt of loan worksheets and commitment letters from commercial and retail bankers. Preparation includes accurately completing loan documentation, ordering and reviewing appraisals, verifying insurance coverage, ordering and/or completing additional external documents (e.g., flood, Census Tract, Secretary of State, etc).

Essential Duties and Responsibilities

• Demonstrate proficiency in analyzing and interpreting loan requests and documents of varying degrees of complexity. Consumer and commercial loan requests include various collateral, new loans, renewals with increases and modification agreements.
• Interpret and apply Bank policies such as loan-to-value ratio, appraisal criteria, etc to loans.
• Order and review loan documentation and notify commercial banker and retail bankers of any identified problems and issues.
• Assist commercial and retail bankers with clearing collateral and financial statement exceptions.
• Exhibit a working knowledge of general lending policies and practices.
• Prepare system-generated loan documents accurately based on information supplied by commercial and retail bankers (e.g. loan worksheet, commitment letter, loan report, etc).
• Reconcile the construction inspection fees general ledger monthly.
• Prepare month end reports for commercial bankers using system generated information.
• 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.
• Complete Documentation Checklist indicating received items and items that are pending, missing, incomplete and/or questionable. Includes reviewing executed loan documents received from closing attorneys as relates to clearing collateral exceptions.
• Partner with commercial bankers, retail bankers and centralized 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.

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 a 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.

FIRST COMMUNITY BANK (SC) is an EEO Employer - M/F/Protected Veteran Status