Commercial Loan Closer - 4521024
PEOPLES SECURITY BANK AND TRUST COMPANY
Moosic, PAJobSeen todaySeen in employer's feed today
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Job overview
The Commercial Loan Closer supports loan documentation and processing for commercial and small-business transactions. The role verifies loan information, approvals, applications, and documentation; coordinates with lenders and administrative support to resolve missing information or discrepancies; and prepares, reviews, and distributes closing documents. It also checks executed documents and organizes final loan files.
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Skills
Full job description
Description: General Responsibilities Responsible for performing a variety of duties to support the loan documentation and loan processing function for commercial/small business loan transactions; coordinating work within the department, as well as with other departments; reporting pertinent information to the immediate supervisor; responding to inquiries or requests for information. Essential Duties Performs a variety of duties to support the loan documentation and loan processing function as follows: Verifies all loan information pertaining to small business and commercial lending in preparation for final loan documentation for closing. Verifies loan approvals to loan policies. Reviews loan applications to verify that application data is complete and meets establishment standards, including full execution by all parties and Bank. Reviews document preparation folders for completeness and accuracy Informs Lenders and administrative support of missing information, documentation and discrepancies. Verifies loan to values as appropriate to the transaction at hand and for reporting accuracy. Completes and/or follows up on any additional records with regard to the processed loans Prepares and reviews commercial modification documentation as needed including calculation of adjusted payments. Obtains additional needed information through a variety of methods in order to ensure that the proper preliminary documentation has been obtained prior to the preparation of final loan documentation, i.e. articles of incorporation, business agreements, certificate of good standing, appraisals, automated underwriting findings, investment account statements, etc. Performs review of attorney-prepared loan documentation for accuracy and informs Lenders of necessary changes, as needed. Performs secondary review of loan documentation of other loan closers prior to distribution of loan documents including review of attorney-prepared loan documentation. Generates and distributes loan documentation for closings to Lenders and administrative support; reviews HUD Settlements statements and verifies accuracy and funds to close. Reviews executed loan documentation to ensure that the proper signatures have been obtained after closing including loans where documentation has been prepared by outside counsel; ensures all the proper documents are included in the final loan files and completes the organization of the permanent loan documentation View the full job description on the employer's website. Equal employment opportunity, including veterans and individuals with disabilities. PI287215924 / 13-1141.00 Compensation, Benefits, and Job Analysis Specialists
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