Commercial Loan Closing Specialist – Fast-Paced Growth Role

DeKalb County Economic Development Corporation (DCEDC); Lake Elmo (MN); On-site; USD 25,000 - 41,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

401K Plan

Continued Education

Employee Assistance Program

Impact Networks

Job summary

Old National Bank in Lake Elmo, MN seeks a Commercial Closing Specialist to support Relationship Managers in Commercial Banking. You will coordinate new money and renewal requests, review documents, and ensure signor authorities and lien positions are accurate.

The role is on-site with a focus on timely, compliant closings. The ideal candidate has loan processing experience, knowledge of loan policies, and the ability to manage complex documents in a fast-paced environment.

Qualifications

• Bachelor’s degree, Associate degree and/or H.S. Diploma/GED with equivalent work experience.
• Knowledge of loan documents and experience with loan processing.
• Knowledge of ONB loan policy and Commercial Guidelines preferred but not required.
• Highly organized with a strong attention to detail.
• Strong analytical and problem resolution skills.
• Excellent verbal and written communication skills.
• Experience in a fast-paced office environment with service level expectations.
• Ability to meet deadlines.

Responsibilities

• Reviews and inputs loan submissions from RMs in CML including reviewing financial information, ownership, loan structure and compliance needs; responsible for complete and accurate data entry in CML.
• Communicates with the RM to gather additional information necessary to deem the application as complete and ready for underwriting.
• Completes loan pre-closing tasks including ordering appraisals, environment reports, and title/UCC searches; performs review of entity documents, title insurance, UCC searches, flood determinations, and other supporting documentation.
• Collaborates with RM to ensure all conditions precedent to closing required by credit are met.
• Reviews existing loan documents for accuracy and compliance with loan guidelines.
• Finalizes post-approval in CML.
• Communicates with underwriting, Line of Business Executives and Credit Administration to address policy exceptions.

Skills

Loan documents knowledge

Loan processing experience

ONB loan policy & guidelines

Attention to detail

Analytical & problem solving

Verbal & written communication

Fast-paced environment experience

Deadline-driven

Education

Bachelor’s/Associate/HS Diploma or equivalent

Job description

Old National Bank in Lake Elmo, MN seeks a Commercial Closing Specialist to support Relationship Managers in Commercial Banking. You will coordinate new money and renewal requests, review documents, and ensure signor authorities and lien positions are accurate.

The role is on-site with a focus on timely, compliant closings. The ideal candidate has loan processing experience, knowledge of loan policies, and the ability to manage complex documents in a fast-paced environment.