Loan Closing Coordinator

Member FDIC; Northern (KY); Hybrid; USD 39,000 - 45,000; Full time

Benefits offered by this job

Hybrid work model

Competitive benefits

Job summary

Bridgewater Bank and its Loan Administration team in St. Louis Park seeks a diligent Loan Closing Coordinator to manage closing and funding for a diverse loan portfolio while ensuring accuracy and adherence to internal and external policies.

Reporting to the Director of Loan Closing Coordination, you will review files, coordinate with third parties, and monitor lien perfection and post-closing exceptions to maintain compliance and timely funding.

Qualifications

• 2-5 years of Commercial and Consumer loan processing and/or documentation experience.
• Strong oral and written communication skills.
• High attention to detail and knowledge of loan documentation rules, regulations and policies.

Responsibilities

• Completes pre-closing review of loan files and prepare reports/due diligence information.
• Review organizational documents to identify entity structure and signers.
• Verify terms are documentable and align with policy and regulations.
• Manage closing process including documentation, third-party coordination, and funding.
• Clear post-closing exceptions related to lien security interests.
• Monitor lien recording timing and document extensions when needed.

Skills

Communication

Detail oriented

Regulatory knowledge

Job description

We are seeking an enthusiastic and customer focused Loan Closing Coordinator to join our Loan Administration team in St. Louis Park. Reporting to the Director of Loan Closing Coordination, this Loan Closing Coordinator will provide closing and funding management of a diverse loan portfolio to ensure all loan documentation and funding is accurate and in compliance with internal and external policies and regulations.

RESPONSIBILITIES:

• Completes pre-closing review of consumer and commercial loan files for items that support loan closing, which may include title/UCC search, title policy, flood certificates, proof of insurance or other due diligence information from various sources and prepare reports and/correspondence as appropriate.
• Review of organizational documents to identify entity structure and signers.
• Review Loan Approval to ensure terms are documentable, serviceable and follow bank policy, lending practices and regulatory statutes.
• Manage closing process which includes verifying all required information is obtained, reviewed and signed off on, approval of final loan documentation, coordination with third parties, balancing closing statement and funding of loan.
• Clear Post Closing exceptions for file related to lien security interests.
• Proactively monitor compliance tracking system to ensure lien is recorded timely or extended. Files appropriate documentation when required to secure lien position.

QUALIFICATIONS:

• 2 - 5 years of Commercial and Consumer loan processing and/or documentation experience
• Strong oral and written communication skills
• High attention to detail and in-depth knowledge of rules, regulations and policies relating to loan documentation

ABOUT BRIDGEWATER BANK:

Picture yourself at one of the Twin Cities' best places to work, surrounded by people who challenge you, support you, and inspire you to be your best. Welcome to Bridgewater Bank.

We are on a mission to be the finest entrepreneurial bank in the Twin Cities. Like true entrepreneurs, we run fast and lean. We are in constant evolution and the runway for personal and professional growth is long. People are our strength, and that's why we've created and sustained an award-winning culture that promotes growth and celebrates the big and little wins along the way.

At the end of the day, we believe competitive salaries, top-tier benefits, a hybrid work model, and transparency into the business is a given. Working together toward something meaningful with people you enjoy, is just a bonus!

COMPENSATION & BENEFITS:

The typical annual/hourly base pay range for this role is between $27.70 - $33.60. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.

Bridgewater Bank provides a broad offering of competitive benefits including (but not limited to):

• Basic term and optional term life insurance
• Short-term and long-term disability
• Parental leave
• 401(k) with employer match
• Paid vacation & paid holidays

PLEASE NOTE:

The above is intended to describe the general content of and requirements for this position. It is not to be construed as an exhaustive list of duties, responsibilities, or requirements. It is Bridgewater Bank's policy to promote equal employment opportunities. All personnel decisions, including, but not limited to, recruiting, hiring, training, promotion, compensation, benefits and termination, are made without regard to race, creed, color, religion, national origin, sex, age, marital status, sexual orientation, gender identity, citizenship status, veteran status, disability or any other characteristic protected by applicable federal, state or local law.

STATUS:

Non-Exempt

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.