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TowneBank · 1 day ago

Commercial Loan Closing Coordinator II

Raleigh, NC

Full-time

Onsite

Mid Level

3+ years exp

TowneBank is a financial institution specializing in commercial loans, and they are seeking a Commercial Loan Closing Coordinator II to manage the documentation and closing processes for commercial loans. The role involves preparing loan documentation, ensuring compliance with regulations, and collaborating with various stakeholders to facilitate loan closings.

Banking

Responsibilities

Inputting commercial loans with overall responsibility relating to document preparation utilizing closing process software and other bank systems as necessary. Adheres to TowneBank’s policies and procedures as well as Federal & State laws and regulations, and perfection of TowneBank’s security interests on all such loans

Completing accurate loan documentation packages within departmental established time frames

Working with lenders and their team, attorneys, and various internal departments and outside agencies to determine the proper course of action to document, review and/or collateralize loans

Being responsible for the timely passing of executed loan packages upon receipt from the lenders and attorneys

Receiving and analyzing vendor reports, such as flood certifications and UCC pre-searches and ensuring we are in compliance with regulatory and TowneBank policies and procedures

Receiving and reviewing title commitment on real estate-secured loans and ensuring information is correct and any exceptions of concern to the bank are properly addressed

Being responsible for the document preparation of new loans as well as loan modifications and renewals

Being responsible for the accurate use of the lending documentation system

Funding loan closings and organizing files to be sent to the Booking and Document Management/Review teams

Partnering with the Doc Review, Relationship Specialists and Lenders with corrections to loan documentation and/or exceptions

Responding as necessary to questions from other employees regarding loan documentation, procedures and compliance

Attending seminars, to maintain knowledge of all lending related regulations, policies and procedures

Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA)

Other duties as assigned

Qualification

Commercial loan operationsDocument preparation softwareMicrosoft OfficeCommercial lending terminologyInterpersonal skillsProblem-solvingCustomer service skillsDeadline-orientedTeamworkAdaptability

Required

Minimum of 3 years experience in a commercial credit/loan operations environment as related to specific job functions

Proficient in Microsoft Office (Word, Excel, Outlook)

Knowledgeable with document preparation software

Ability to organize and prioritize assignments with minimal supervision

Must possess excellent interpersonal, communication and customer service skills to effectively deal with various levels of internal and external members/vendors

Ability to solve practical problems and deal with a variety of situations

Must have the ability to adapt to contact change

Possess basic understanding of the commercial loan process and/or products to include real estate and non-real estate-secured loans

Must exhibit understanding of commercial lending terminology and applicable documentation related to the job function

Ability to work in a deadline-oriented environment

Handling numerous assignments of various complexities simultaneously with quick responses

Ability to work in a team environment

Ability to research and solve problems that arise