Commercial Loan Closing Officer

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

📋 Description

• Oversee and manage the closing process for Commercial & Industrial (C&I) and Small Business Administration (SBA) loan transactions from the approval stage through to funding.

• Examine loan approvals, commitment letters, and credit documentation to confirm that all closing conditions are satisfied.

• Prepare and assess loan closing packages for accuracy, completeness, and adherence to approved loan structures.

• Foster communication among lenders, borrowers, attorneys, title companies, and other third parties to ensure timely closings.

• Organize commercial real estate closings, which includes reviewing title commitments, surveys, insurance, and closing documentation.

• Review, verify, and perfect various forms of collateral, such as: Commercial and residential real estate, UCC collateral filings, deposit accounts, stock and investment account collateral, life insurance assignments, equipment, and other business assets.

• Ensure proper lien perfection and collateral documentation in line with bank policies and regulatory requirements.

• Prepare and file UCC financing statements, amendments, continuations, and terminations.

• Review organizational documents, authority documentation, and legal opinions for business entities.

• Verify compliance with SBA loan program requirements and documentation standards.

• Coordinate loan funding and boarding activities with operations and accounting teams.

• Maintain comprehensive and accurate loan files and collateral records.

• Resolve documentation exceptions and post-closing issues promptly.

• Assist with internal and external audits, loan reviews, and regulatory examinations.

⛳️ Requirements

• Bachelor’s degree in Business, Finance, Accounting, or a related field is preferred; equivalent experience will be considered.

• A minimum of 3 years of experience in commercial loan closing, ideally with C&I and SBA lending.

• Strong knowledge of commercial loan documentation, collateral perfection, and closing processes.

• Experience in coordinating commercial real estate loan closings is preferred.

• Familiarity with SBA lending requirements and procedures is preferred.

• Experience with loan documentation systems such as LaserPro is preferred.

• Proficiency with core banking platforms like Fiserv is preferred.

• Understanding of UCC filings, lien perfection, title review, and collateral management.

🏝️ Benefits

• Health insurance

• Professional development opportunities

• Flexible working hours

• Paid time off