Commercial Loan Closer (Branch Paralender)

First Community Corporation; Forest Acres, Columbia (SC, SC); On-site; USD 60,000 - 85,000; Full time

Job summary

First Community Corporation in Forest Acres, SC, seeks a Commercial Loan Closer (Branch Paralender) to prepare loan packages from loan worksheets and commitment letters, order appraisals, verify insurance coverage, and handle external documents.

The role requires analyzing loan requests, applying lending policies, clearing collateral exceptions with bankers, preparing system documents, reconciling fees, and maintaining professional customer service to support smooth closures.

Qualifications

• High school diploma or equivalent with 5 years of related experience or equivalent combination.
• Strong communication and customer service skills.
• Ability to interpret loan requests and apply lending policies.
• Detail oriented with accuracy in loan documentation.
• Proficient with office software and typical banking systems.

Responsibilities

• Prepare loan packages from loan worksheets and commitment letters.
• Order and review appraisals and insurance coverage for loans.
• Verify external documents (e.g., flood, Census Tract, Secretary of State).
• Explain loan requirements and resolve issues with bankers.
• Clear collateral exceptions and assist with financial statement review.
• Prepare and send wires and bank tickets with loan packages.
• Reconcile construction inspection fees and monthly general ledger.
• Produce month-end reports for commercial bankers.
• Stay current on regulatory and compliance issues affecting lending.

Skills

Oral and written communication

Customer service

Interpersonal skills

Time management

Problem solving

Analytical skills

Proficiency with MS Office

Teamwork

Education

High school diploma or GED + 5 years related experience

Tools

MS Word

MS Excel

Job description

Commercial Loan Closer (Branch Paralender)

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).

• 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.