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Arizona Financial Credit Union · 1 month ago

Commercial Loan Processor & Closer III

Phoenix,AZ,US

Full-time

Hybrid

Senior Level

7+ years exp

Arizona Financial Credit Union is seeking a Commercial Loan Processor & Closer III to play a vital role in the origination process. This position involves coordinating with various stakeholders to ensure an efficient closing process while adhering to compliance and regulatory guidelines.

BankingFinanceFinancial Services

Responsibilities

Reviews and understands complex loan approvals to determine borrower, collateral, guarantor, loan structure requirements, determines due diligence requirements and prepares a closing checklist accordingly

Understands, determines and obtains appropriate approval for compliance requirements, such as Commercial Customer Identification Program (CIP), BSA, ECOA, OFAC, etc

Communicates proactively with the borrower(s), sales, credit, external partners and 3rd party vendors while ensuring the credit union meets the closing deadlines an expectation of the borrower

Orders and reviews third party reports, such as, preliminary title reports, flood certifications, Certificate of Good Standing, UCC searches, site visits, insurance certificates, lien / judgment, Tax Transcripts, and any other required reports as necessary

Determines promptly and accurately when underwriting approval conditions have been satisfied or takes appropriate corrective action to resolve discrepancies while escalating questions or disputes to appropriate level when needed

Coordinates the closing with all parties concerned including internal and external attorneys (as applicable), title companies, members, relationship manager, and Documentation Specialist to ensure funding deadlines and expectations are met

Prepares the loan funding and disbursement by drafting lender’s instructions, reviews settlement statements, completes verbal verification of wiring instructions and balances the loan disbursement with escrow/title

Submits the loan file for Quality Assurance Review and resolves any identified discrepancies prior to requesting loan documents be drafted by the Doc Specialist

Reviews loan documents to identify and resolve documentation errors such as, dates, vesting, legal descriptions, and other relevant data to ensure accuracy prior to releasing drafts documents to the sales team

Manages workload by monitoring the pipeline report and tracking work in progress to ensure internal (SLAs) are met

Processes Adverse Actions requests as assigned

Reviews executed loan documents to verify signatures, dates, and other relevant data prior to funding and verifies closing conditions are met

Organizes electronic files according to Sageworks/Synergy standards and understands the loan origination system

Inputs applicable ticklers accordingly prior to boarding and collects trailing post close documents such as, UCC-1 fixture filings, recorded DOT, Subordinations, Leases, final title policies. Sends originals documents to the vault as necessary

Enters data and maintains accuracy in commercial loan origination system

Ensures all items are filed with centralized documentation system (Synergy)

Provides guidance and training to Commercial Loan Processor & Closer I’s & II’s

Able to perform all responsibilities with minimal supervision and additional duties as assigned

Performs other job-related duties as assigned

Qualification

Commercial loan closingCompliance regulationsLoan origination systemsMicrosoft OfficeSageworksProfessional communicationProblem solvingInterpersonal skillsWork ethic

Required

High School diploma or GED

seven-ten (7-10) years' experience in closing commercial loans or two (2) years' experience supporting a volume of 13-18 commercial loan closings per month along with compliance and documentation regulations

Professional written, verbal communication, problem solving, and interpersonal skills

Ability to produce quality work within tight time frames while managing multiple assignments

Ability to work on core processing systems (Symitar/Silverlake) and department specific processing systems (Sageworks / Laser Pro)

Knowledge of Microsoft Office and JHA

Strong work ethic

Ability to prioritize and adapt to changing deadlines

Advanced interpersonal skills

Excellent communication

Desire to work as a team to support the overall success of the credit union

Strong knowledge base about conventional policies and procedures