Commercial Loan Closer: Precision in Documentation & Compliance

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

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.