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Pan American Bank & Trust · 3 months ago

Post Closing Specialist

Melrose Park, IL

Full-time

Onsite

Mid Level

3+ years exp

Pan American Bank & Trust is seeking a Post Closing Specialist to support the closing department by ensuring loan documents are accurate and compliant. The role involves reviewing loan packages, assisting with escrow analysis, and collaborating with various departments and external entities.

BankingFinancial ServicesVenture Capital

Hiring Manager

Matt Bilski

Responsibilities

Demonstrates highest standards of personal and professional integrity, adheres to company’s policies and procedures, and complies with applicable laws, government rules and regulations

Assist with the review of Loan Documentation prior to release of documents

Review loan packages for accuracy, completeness and system codes prior to sending in for booking

Assist Loan Operations Supervisor with writing procedures for all functions

Assist with escrow analysis

Oversee the release of all paid loans and record retention

Support the Loan Closer in perfecting all new collateral (e.g. File UCC for business assets, specific equipment and fixture filing with CT Lien Solutions when applicable, upload for recording mortgage, modifications at the proper counties etc. when applicable using the bank software, E-Recording software

Prepare loan closing packages for scanning and later the set-up of the collateral file

Load relevant open loan exceptions for all commercial, consumer loans (e.g. tracking of documents sent for recording, tracking for the issuance of title policies, tracking missing documents, tracking temporary waivers etc.) into Loan Vantage

Continually work to update loan exceptions and complete loan officer exceptions as needed

Will assist in the creation, monitoring and distribution of the loan exception reports to the loan closing department staff and upper management

Will assist in the review of perfected collateral and review final title policy for all requirements based on the loan and collateral type

Construction Draw Administration

Track and maintain all insurance including Flood insurance

When needed assist in the booking of new loans, renewal, extensions, and modifications

When needed prepare payoff letters and department invoices

When needed prepare outgoing wires and cashier’s checks

When needed, process payment corrections and revise billing statements

Other duties as assigned

Qualification

Commercial real estate closingLaser ProBank compliance regulationsMicrosoft ExcelLoan VantageKeyboard skillsMath skillsEffective communicationOrganizational skillsTime management

Required

3 years' experience of commercial real estate, commercial and / or industrial loan closing, preferred

Basic knowledge of related state and federal banking compliance regulations, and other Bank operational policies

Intermediate skills in Microsoft Word, Excel and Outlook required

Keyboard skills are required for this position. (At Least 40 wpm)

Math skills; calculate interest and balance accounts; add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals; locate routine mathematical errors; count currency, coin, and negotiable instruments in a timely manner

Effective verbal, written and interpersonal communication skills with the ability to apply common sense to conduct instructions, interpret documents, understand procedures, draft reports and correspondence, and speak clearly to customers and employees

Ability to deal with difficult problems involving multiple facets and variables in non-standardized situations

Effective organizational and time management skills

Ability to work with general supervision while performing duties