Senior Loan Closing Specialist

Wintrust Financial Corporation; Chicago (IL); Hybrid; USD 39,000 - 51,000; Full time

Benefits offered by this job

Medical Insurance

Dental

Vision

Life insurance

401(k) with company match

Tuition reimbursement

Parental Leave

Employee Assistance Program

Job summary

Wintrust Financial Corporation in Chicago is seeking a Senior Loan Closing Specialist to facilitate the commercial loan closing process through pre-funding and post-closing stages.

You will review attorney-prepared documents, coordinate among lenders, borrowers, and attorneys, and handle post-closing documentation, due diligence, and funding procedures.

Qualifications

• 3-5 years of banking experience.
• Proficiency with commercial loan documentation.
• Familiarity with attorney prepared documents.
• Ability to manage multiple transactions simultaneously.
• High School diploma or equivalent.
• General computer skills; MS Excel/Word desired.

Responsibilities

• Facilitate commercial loan closings through pre-funding and post-closing stages.
• Review attorney prepared loan documents for compliance with credit approval.
• Liaise between parties to ensure timely closings that satisfy clients and teams.
• Perform post-closing documentation collection and exception maintenance.
• Prepare due diligence and support documentation to verify compliance.
• Process loan coding, imaging, and booking ticket requests; handle funding steps.
• Coordinate application of loan deposits and disbursement of proceeds.

Skills

Banking experience

Loan documentation

Attorney docs

Time management

nCino platform

MS Excel

MS Word

Education

High School diploma

Tools

MS Excel

MS Word

nCino

Job description

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol “WTFC.”

Why join us? An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 8 years) and Employee Recommended award by the Globe & Mail (past 6 years) Competitive pay and discretionary or incentive bonus eligible Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few Family-friendly work hours With 175+ community bank locations, we offer opportunities to grow and develop in your career Promote from within culture

Why join this team? We have a culture that encourages an entrepreneurial spirit We offer multiple opportunities for development and upward mobility

What You’ll Do:

• A Senior Loan Closing Specialist is responsible for facilitating the commercial loan closing process through pre-funding and post-closing stages; including but not limited to; due diligence, imaging, coding and monitoring.
• Reviews attorney prepared loan documentation to ensure adherence with credit approval.
• Liaises between all parties to ensure timely and efficient closings that meet the expectations of clients, lending teams, servicing departments and attorney.
• Performs post-closing documentation collection and exception maintenance.
• Prepares/Processes due diligence and supporting documentation to verify compliance with credit approval and procedures.
• Completes/Processes loan coding, imaging, due diligence, insurance collection, documentation and booking ticket requests, executed documents, and.
• Liaises and communicates between all parties, identifies and works to resolve issues.
• Conducts initial review of attorney prepared loan documentation to ensure adherence with credit approval.
• Coordinates the application of loan deposits and disbursement of loan proceeds to ensure funds are applied correctly and costs and invoices as paid at loan closing.
• Collects and submits post-closing document exception clearing items.
• Prepares original loan and recorded documentation for transfer to record retention.

Qualifications:

• 3-5 years of previous banking experience.
• Proficiency with commercial loan documentation, knowledge of regulatory compliance, and experience with nCino platform.
• Familiarity and understanding of attorney prepared documents.
• Ability to effectively manage time and multiple transactions simultaneously.
• High School diploma or equivalent.
• General Computer Skills; MS Excel and Word skills desired.

Benefits:

• Medical Insurance
• Dental
• Vision
• Life insurance
• Accidental death and dismemberment
• Short-term and long-term Disability Insurance
• Parental Leave
• Employee Assistance Program (EAP)
• Traditional and Roth 401(k) with company match
• Flexible Spending Account (FSA)
• Employee Stock Purchase Plan at 5% discount
• Critical Illness Insurance
• Accident Insurance
• Transportation and Commuting Benefits
• Banking Benefits
• Pet Insurance

Compensation:

The estimated hourly salary range for this role is $ 28.37- $ 37.02 along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate’s qualifications, skills, and experience. #LI-HYBRID

From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success.

Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.

Wintrust may collect personal information from you in connection with the application process. Wintrust complies with the California Consumer Privacy Act of 2018, and its policy may be found here Click here for Equal Opportunities.