Commercial Loan Closing Expert

Fifth Third Bank, N.A.; Rosemont (IL); On-site; USD 54,000 - 112,000; Full time

Job summary

Fifth Third Bank, N.A. in Grand Rapids, MI is seeking a Commercial Loan Closing Specialist to manage due diligence and finalize loan documentation for complex credit transactions.

The role requires reviewing approvals, coordinating with attorneys and title companies, and ensuring all conditions are met before closing. Strong knowledge of vendor documents and regulatory requirements is essential.

Qualifications

• High school diploma or equivalent. Bachelors degree preferred.
• 2 years experience with a focus on due diligence, loan documentation, or related work experience. Commercial loan experience preferred.
• Strong knowledge of most common vendor documents title work, appraisals, flood determinations, lien searches.
• Strong knowledge of loan documents and requirements.
• Thorough knowledge of business banking and commercial lending credit policy/guidelines.

Responsibilities

• Receives, reviews and analyzes draft and final credit approval/credit memo from underwriter or portfolio manager and determines due diligence requirements.
• Analyzes and interprets the loan approval to determine borrower, collateral, guarantor and loan requirements.
• Coordinates closing date and time with attorneys, title companies, external customers and relationship managers.
• Reviews loan documents and identifies/resolves shortfalls to ensure alignment with deal structure and credit approval.
• Demonstrates working knowledge of commercial loan documentation and regulatory requirements.

Skills

Time management

Organizational skills

Verbal and written communication

Negotiation skills

Interpersonal skills

Deadline oriented

Education

High school diploma or equivalent

Bachelor's degree preferred

Tools

Microsoft Excel

Microsoft Word

Email

Job description

Fifth Third Bank, N.A. in Grand Rapids, MI is seeking a Commercial Loan Closing Specialist to manage due diligence and finalize loan documentation for complex credit transactions.

The role requires reviewing approvals, coordinating with attorneys and title companies, and ensuring all conditions are met before closing. Strong knowledge of vendor documents and regulatory requirements is essential.