Commercial Loan Closing Coordinator

United Midwest Savings Bank; Westerville (OH); On-site; USD 45,000 - 60,000; Full time

Benefits offered by this job

PTO

Medical/Dental/Vision

401K

Paid Family Leave

Job summary

United Midwest Savings Bank is seeking a Loan Closing Coordinator in Columbus, OH to ensure SBA compliance and streamline the closing process. The role involves preparing commitment packages and coordinating document accuracy for SBA loans.

The position requires a High School Diploma or GED and at least 1 year of related loan document experience, with benefits including PTO, medical/dental/vision, 401K, and paid family leave. This is a full-time, exempt, in-office role with no remote option.

Qualifications

• High School Diploma or GED required.
• Minimum 1 year of consumer/business loan document prep, analysis, review, or quality review.

Responsibilities

• Document Review: review loan approvals to identify borrowers, guarantors, collateral and closing conditions; coordinate corrections.
• Compliance: ensure loan files meet legal and SBA requirements.
• Closing Coordination: prepare accurate commitment packages before closing.
• Loan Disbursement & Draw Administration: monitor draws and reconcile invoices.

Skills

Verbal communication

Written communication

Analytical skills

Time management

Problem-solving

Education

High School Diploma or GED

Job description

We are not your typical bank, and we like it that way. Our four business pillars, SBA Lending, Consumer Lending, Mortgage Lending, and Deposit Banking allow us to attract unique candidates of all experience levels to join our growing team.

What We Stand For

Our products, services, and expertise have the feel of a small community bank, but the reach of a national brand. We at United Midwest Savings Bank are proud of the responsible, ethical manner in which our company has operated since its opening. We realize our success is a direct result of meeting our customer's needs and we continue to operate with your interests as our guide.

Employment Type: Full-Time, Exempt

Location: Columbus, Ohio

Reports to: Closing Manager

**Please note, this is not a remote position, office attendance will be required based on current hybrid schedules.**

Position Summary:

The Loan Closing Coordinator's primary responsibility is to ensure compliance with SBA requirements as well as recognizing and proactively resolving problems in the closing process to ensure accuracy and completion of all necessary loan documents. Responsible for facilitating document preparation and commitment of SBA loans. Acts as a courteous and beneficial liaison between customers, departments and outside professional.

Responsibilities:

• Document Review: Complete a detailed review of the loan approval to determine borrowers, guarantors, collateral and other required closing conditions. Identify missing or incorrect information and coordinate necessary corrections.
• Compliance: Review loan files and documentation for accuracy, completeness, and compliance. Ensure legal and SBA requirements are satisfied.
• Closing Coordination: Prepare accurate commitment packages before closing.
• Loan Disbursement & Draw Administration: Monitor draw loans for disbursement and reconcile all invoices.

Education and Experience:

• High School Diploma or GED; and a minimum of 1 year of consumer/business loan doc prep, analysis, document review, and/or quality review
• Experience with SBA and/or USDA documentation

Required Skills/Abilities:

• Excellent verbal and written communication skills; must be able to effectively communicate with bank personnel of all levels, and bank clients
• Strong analytical, organization, and problem-solving skills
• Excellent time management skills with the ability to work independently, establish priorities and meet deadlines with minimal supervision.
• Paid Time Off (PTO)
• Medical / Dental / Vision
• 401K
• Paid Family Leave

United Midwest Savings Bank is an Equal Opportunity Employer.