Senior Commercial Loan Closing Specialist

Bridgewater Bank; Saint Louis Park (MN); On-site; USD 64,000 - 75,000; Full time

Benefits offered by this job

Healthcare

Life Insurance

Disability

Parental leave

401(k) match

Paid vacation

Job summary

Bridgewater Bank is seeking an experienced Sr. Loan Closing Coordinator to manage the closing and funding of a diverse commercial loan portfolio, ensuring accuracy and compliance with internal policies and external regulations.

You will guide pre-closing reviews, coordinate with lenders, legal counsel and third parties, and mentor the closing team while maintaining timely lien recordings and complete documentation.

Qualifications

• 5 - 7 years of commercial loan processing and/or documentation experience.
• SBA processing experience preferred.
• Strong oral and written communication skills.
• High attention to detail and in-depth knowledge of rules, regulations and policies relating to loan documentation.
• Bachelor’s degree preferred.

Responsibilities

• Completes Pre-Closing review of commercial loan file 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.
• Collaborate with external legal counsel to review and validate all loan-related documents. Identify discrepancies, request revisions, and confirm final documentation aligns with Loan Approval and BWB standards.
• 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.
• Manage closing pipeline that may include SBA loan processing and complex loan structures, such as SWAP Agreements, Master Agreements, Master Developments, Tax Increment Financing (TIF), Tax Revenue Pledges, Forward Commitments, Acquisitions, etc.
• Assemble and organize loan files electronically, complete audit checklist and file original documents per bank policies and procedures.
• Proactively monitor compliance tracking system to ensure lien is recorded timely and financial information required in the loan documentation is received.
• Mentor and develop loan closing team on bank products, policy, procedures, regulatory requirements, and lending practices.

Skills

Communication skills

Attention to detail

Loan documentation knowledge

Education

Bachelor’s degree preferred

Tools

SBA processing

Job description

Bridgewater Bank is seeking an experienced Sr. Loan Closing Coordinator to manage the closing and funding of a diverse commercial loan portfolio, ensuring accuracy and compliance with internal policies and external regulations.

You will guide pre-closing reviews, coordinate with lenders, legal counsel and third parties, and mentor the closing team while maintaining timely lien recordings and complete documentation.