On-Site Loan Closings Specialist – Operations

1st Source Corporation; South Bend (IN); On-site; USD 42,000 - 58,000; Full time

Job summary

1st Source Corporation in South Bend, IN is seeking a Closing Agent for Loan Operations to help ensure proper loan closings and insurance coverage on collateral. The role emphasizes accuracy, regulatory compliance, and tight collaboration with sales and third-party vendors.

The position requires a High School Diploma or GED and prior loan experience is preferred. On-site, full-time work with routine documentation, due diligence, and ongoing training to meet bank policies and federal regulations.

Qualifications

• Experience in commercial or consumer loan workflow preferred.
• Ability to handle multiple tasks with accuracy and organization.
• Strong written and verbal communication skills.
• Proven record of maintaining accurate records and file management.
• Familiarity with bank policies, procedures and regulatory requirements.
• Willingness to complete compliance training and stay updated on laws.

Responsibilities

• Monitor insurance coverage on collateral and coordinate with third-party vendors to ensure required loans have sufficient hazard/flood insurance.
• Collaborate with sales staff to document loan closings in accordance with bank policies and federal regulations.
• Perform due diligence as required on specified loans.
• Verify accuracy and completeness of loan documentation for closings.
• Complete all compliance training related to the position.
• Understand applicable laws and regulations and adhere to them.

Skills

Loan processing

Attention to detail

Communication skills

Education

High School Diploma/GED

Job description

1st Source Corporation in South Bend, IN is seeking a Closing Agent for Loan Operations to help ensure proper loan closings and insurance coverage on collateral. The role emphasizes accuracy, regulatory compliance, and tight collaboration with sales and third-party vendors.

The position requires a High School Diploma or GED and prior loan experience is preferred. On-site, full-time work with routine documentation, due diligence, and ongoing training to meet bank policies and federal regulations.