Commercial Loan Closer

This is a fully remote position, open to applicants in Florida.

📋 Description

• Facilitates the finalization of commercial loans.

• Assesses loan type, approval terms and conditions, loan policies, federal regulations, and state laws to establish closing requirements and create a due diligence/closing checklist.

• Conducts due diligence activities for a diverse array of commercial loans, utilizing working knowledge to evaluate requirements and effectively manage pre-closing tasks.

• Prepares loan documentation using the bank’s documentation system, ensuring documents are accurately prepared with the appropriate terms and conditions as specified in the loan approval and in compliance with standards and requirements.

• Efficiently oversees a significant pipeline of loans at various stages of the closing process while managing workflow and meeting deadlines.

• Identifies and secures all necessary third-party reports, which may include title reports, surveys, entity documents, flood determinations, environmental reports, and UCC searches.

• Reviews all reports and documents for accuracy and sufficiency in accordance with bank policies and regulatory standards.

• Identifies discrepancies and issues, facilitates their resolution, and implements corrective measures.

• Serves as a liaison between loan officers, attorneys, third-party vendors, and clients.

• Conducts timely follow-ups and manages all closing requirements; monitors progress to ensure deadlines are achieved.

• Maintains ongoing communication with lenders and borrowers regarding the status of specific loan requests.

• Processes the disbursement of loan proceeds.

• Maintains and updates electronic checklists to ensure all due diligence items are addressed.

• Organizes electronic files for all commercial loan documentation.

• Meets the Commercial Hubs Standard Service Level Agreements and Quality Control objectives.

• Provides clear instructions, guidance, and requests to stakeholders, ensuring effective communication and efficient processing.

⛳️ Requirements

• A minimum of 3 years of experience as a Commercial Loan Closer or in a related role is required.

• Experience with relevant banking and document storage software applications is essential.

• Intermediate knowledge of commercial loan documentation and various loan structures, including commercial real estate, asset-based lending, general C&I lending, and a wide range of commercial non-real estate transactions.

• Intermediate understanding of due diligence requirements associated with commercial loan transactions, including but not limited to corporate documentation, leases, subordination agreements, property management agreements, franchise agreements, borrowing bases, and titles.

• Keeps up-to-date with applicable banking regulations and security procedures to prevent fraud or other losses and ensure compliance with regulatory requirements.

• Intermediate proficiency in computer skills and Microsoft Office.

• Capable of effectively and persuasively communicating in a professional manner using appropriate language and grammar.

• Able to plan, schedule, and organize a professional agenda to meet goals within or ahead of set timelines.

• Capable of providing a high level of interactive service to others, fostering relationships, and addressing identified needs.

• Proficient in analyzing and recording detailed information and producing accurate, high-quality work products.

• Skilled in researching, analyzing, identifying viable options, drawing sound conclusions, and presenting findings.

• Intermediate knowledge of financial covenants, business entities, and both standard and non-standard loan products.

• Intermediate understanding of commercial loan compliance policies and closing procedures.

• Able to manage and organize a large volume of documents.

• Proficient in reading, analyzing, and interpreting commercial loan documents.

• Capable of performing accurate calculations and transactions.

🏝️ Benefits

• Medical, Dental, and Vision Insurance

• Life Insurance provided at no additional cost to employees

• Accidental Death & Dismemberment Coverage

• Long-Term Disability Coverage

• Paid Sick and Vacation Leave

• 11 Holidays

• Volunteer/Service Day

• Employee Stock Purchase Plan

• 401(k) Retirement Plan

• Flexible Spending Accounts

• Health Savings Account

• Health Reimbursement Arrangement

• Supplemental Life & Other Insurance Plans

• Identity Theft Protection

• Pet Insurance

• Legal Insurance

• Employee Assistance Program

• Employee Advocacy Program

• Tickets at Work (Entertainment discounts for Ameris Bank Employees)

• AT&T Employee Discount

• Wellness Discounts for Medical Premiums and Other Rewards

• Employee Referral Incentive

• Education Assistance

• Employee Resource Groups