Apply on Employer Site

Bridgewater Bank · 7 hours ago

Sr. Loan Closing Coordinator

St Louis Park, MN

Full-time

Hybrid

Mid, Senior Level

$64K/yr - $87K/yr

5+ years exp

Bridgewater Bank is on a mission to be the finest entrepreneurial bank in the Twin Cities. They are seeking an experienced Sr. Loan Closing Coordinator to manage the closing and funding of a diverse loan portfolio, ensuring compliance with all policies and regulations.

BankingFinanceFinancial ServicesReal Estate

Growth Opportunities

Responsibilities

Completes Pre-Closing review of commercial loan file for items that support loan closing, which may include title/UCC search, title policy, flood certificates, proof of insurance or other due diligence information from various sources and prepare reports and/correspondence as appropriate

Review of organizational documents to identify entity structure and signers

Review Loan Approval to ensure terms are documentable, serviceable and follow bank policy, lending practices and regulatory statutes

Collaborate with external legal counsel to review and validate all loan-related documents. Identify discrepancies, request revisions, and confirm final documentation aligns with Loan Approval and BWB standards

Manage closing process which includes verifying all required information is obtained, reviewed and signed off on, approval of final loan documentation, coordination with third parties, balancing closing statement

Manage closing pipeline that may include complex loan structures, such as SWAP Agreements, Master Agreements, Master Developments, Tax Increment Financing (TIF), Tax Revenue Pledges, Forward Commitments, Acquisitions, etc

Assemble and organize loan files electronically, complete audit checklist and file original documents per bank policies and procedures

Proactively monitor compliance tracking system to ensure lien is recorded timely and financial information required in the loan documentation is received

Mentor and develop loan closing team on bank products, policy, procedures, regulatory requirements, and lending practices