Strategic Commercial Loan Closing Specialist

DeKalb County Economic Development Corporation (DCEDC); Moline (IL); On-site; USD 25,000 - 41,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

401K

Education opportunities

Employee assistance program

Job summary

Old National Bank in Illinois is seeking a Commercial Closing Specialist to support Relationship Managers in the Commercial and Business Banking segments. The role coordinates new money and renewal requests, reviews documents for signor authority and lien position, and ensures timely pre-closing tasks while collaborating with underwriting and credit teams to resolve issues.

The position requires strong loan processing knowledge, attention to detail, and the ability to work in a fast-paced

Qualifications

• Bachelor’s degree, Associate degree and/or H.S. Diploma/GED with equivalent work experience.
• Knowledge of loan documents and experience with loan processing.
• Knowledge of ONB loan policy and Commercial Guidelines preferred but not required.
• Highly organized with a strong attention to detail.
• Strong analytical and problem resolution skills.
• Excellent verbal and written communication skills.
• Must have experience working in a fast-paced office environment with service level expectations.
• Must be able to meet deadlines.

Responsibilities

• Reviews and inputs loan submissions from RMs in CML including reviewing financial information, ownership, loan structure and compliance needs; responsible for complete and accurate data entry in CML.
• Communicates with the RM to gather additional information necessary to deem the application as complete and ready for underwriting.
• Completes loan pre-closing tasks including ordering appraisals, environment reports, and title/UCC searches; performs a detailed and thorough review of entity documents, title insurance, UCC searches, flood determinations, and other supporting documentation.
• Collaborates with RM to ensure all conditions precedent to closing required by credit are met.
• Reviews existing loan documents for accuracy and compliance with loan guidelines.
• Finalizes post-approval in CML.
• Communicates with underwriting, Line of Business Executives and Credit Administration to address policy exceptions.

Skills

Loan documents knowledge

Loan processing experience

Attention to detail

Strong communication

Organizational skills

Analytical skills

Education

Bachelor’s degree / equivalent

Job description

Old National Bank in Illinois is seeking a Commercial Closing Specialist to support Relationship Managers in the Commercial and Business Banking segments. The role coordinates new money and renewal requests, reviews documents for signor authority and lien position, and ensures timely pre-closing tasks while collaborating with underwriting and credit teams to resolve issues.

The position requires strong loan processing knowledge, attention to detail, and the ability to work in a fast-paced