Loan Closing Specialist

Capital Bank; Rockville (MD); Hybrid; USD 84,816,000 - 106,020,000; Full time

Benefits offered by this job

Comprehensive benefits package

Paid Parental Leave

Tuition Reimbursement

Job summary

Capital Bank, N.A. in Rockville, MD, seeks a Loan Closing Specialist to manage documentation and closing processes for commercial and consumer loans, coordinating with outside counsel or internally with LaserPro/Encompass.

Role requires 4+ years in loan documentation/servicing, knowledge of lending policies, and strong communication skills. Hybrid work arrangement in Rockville, MD with a comprehensive benefits package and bonus potential.

Qualifications

• 4+ years experience in a commercial loan documentation or servicing role.
• Knowledge of lending and banking policies, procedures, and regulations.
• Experience with LaserPro and/or Encompass loan documentation systems preferred.

Responsibilities

• Analyze loan approval packages for completeness, accuracy and conformance with bank policies.
• Verify due diligence and required documents from third parties.
• Coordinate multiple requests to meet closing deadlines.
• Prepare loan documents for new loans, modifications, and renewals using LaserPro, Encompass, or with legal counsel.
• Review attorney prepared loan documents for accuracy and policy conformance.
• Interact with loan officers, attorneys and bank personnel to coordinate loan documents and funding.
• Conduct pre-closing and post-closing reviews for compliance and completeness.

Skills

Loan documentation

Commercial lending

Reg Z

TRID

Flood knowledge

Communication skills

LaserPro

Tools

LaserPro

Encompass

Microsoft Office

Job description

About Us

Capital Bank N.A. is headquartered in Maryland and has been serving our communities since 1999. We stand as a publicly traded company (NASDAQ: CBNK) with over $3 billion in assets. We offer commercial and consumer banking services to clients primarily in Maryland, DC, and Northern Virginia, alongside two nation-wide lending brands; Capital Bank Home Loans and OpenSky, a credit card division that offers and services credit cards across all states. Our personalized approach to banking, paired with cutting-edge technology solutions and a comprehensive suite of products and services, fuels our growth, and enables us to support our customers at every stage in their financial journey.

Come join a bank where our employees thrive and are engaged in meaningful work. For the last 6 out of 7 years, Capital Bank was named one of the \"Best Banks to Work For\" in the U.S. by American Banker.

Position Purpose

The Loan Closing Specialist is primarily responsible for managing the documentation and closing process for assigned commercial and consumer loans either through close coordination with outside counsel or by preparing internal LaserPro or Encompass loan documents.

Position Responsibilities

• Analyze loan approval packages for completeness, accuracy and conformance with bank polices and department procedures.
• Verify due diligence and required documents from third parties are received and accurate.
• Manage competing priorities and coordinate multiple requests to meet closing deadlines.
• Prepare loan documents for new loans, modifications, and renewals using LaserPro, Encompass, or working with legal counsel. The scope includes commercial, commercial real estate, construction and SBA loans, as well as various consumer loans and mortgages.
• Review attorney prepared loan documents for accuracy and policy conformance.
• Interact with loan officers, attorneys and bank personnel to coordinate loan document preparation, closing and funding.
• Conduct pre-closing review to ensure internally or externally prepared loan documents comply with approval and Bank policy and that pre-closing conditions are met.
• Conduct post-closing review of loan files to confirm compliance with closing conditions and completeness of package.
• Complete checklists and internal control documents to maintain data integrity and loan input quality.
• Comply with all federal and state rules and regulations that affect this job position and perform the required ongoing training for those regulations as directed by the Compliance Officer.
• Participate in special projects and other job duties as assigned.

Minimum Education & Experience

• 4+ years experience in a commercial loan documentation or servicing role.
• Knowledge of lending and banking policies, procedures, and regulations.

Technical Knowledge and Skills

• Strong understanding and knowledge in working with commercial and consumer legal documentation, collateral, various legal entities, and the associated processes related to loan settlement processes.
• Preferred experience with the LaserPro loan documentation system.
• Firm understanding of regulations related to commercial lending, and working knowledge of consumer regulations such as Reg Z, TRID and Flood.
• Microsoft Office software suite (Word, Excel).
• Excellent oral and written communication skills

Compensation

• Base Salary Range : $29.60 - $37 / hourly. Final determination of where you are at in the salary range is based on numerous factors such as geographical location, relevant experience, skill set, education, and ability to meet qualifications within the job description.
• Additional Compensation : This role will include a yearly annual target bonus based on individual performance.

Working Arrangements

• This is a Hybrid role out of our Rockville, MD headquarters.

Why Join Us?

• Join a growing company with a culture that fosters an entrepreneurial spirit
• Comprehensive benefits package including Medical, Dental, Vision, Company Paid Life Insurance, Disability Insurance, and more?
• Company Contributions to your 401k - Regardless of your contribution
• Employee Perks: Paid Parental Leave, Employee Recognition Program, Leadership Program, Tuition Reimbursement Program, Employee Bank Checking Account, and much more!
• Generous Paid Time Off and Paid Holidays - Including Paid Charity Hours to support volunteer opportunities

Supporting Businesses. Helping People. Strengthening Communities.
Capital Bank, N.A. is an E-Verify, Affermative Action and Equal Opportunity Employer.