Commercial Loan Closing Officer

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Servbank

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

The same great experience you have come to expect from The Money Source Inc. (TMS) subservicing is now coming together with the surety you deserve under a depository institution, First Allied Bank, sb dba Servbank, founded in 1994 in Illinois. As one of the nation’s Top 10 subservicing providers, we are putting the “service” back into subservicing by offering the winning combination of People + Technology. Our people are dedicated professionals with industry experience, who are committed to providing superior customer service and personalized support for our clients. Our innovative technology gives you fully transparent, 100% accessible, on-demand view of your portfolio. Servbank is a full-service subservicer, with a diverse portfolio and quality products and services, who is dedicated to our partners’ success. Grow happiness with us and drive your business forward.

📋 Description

• Coordinate and manage the closing process for C&I and SBA loan transactions from approval through funding. • Review loan approvals, commitment letters, and credit documentation to ensure all closing conditions have been met. • Prepare and review loan closing packages for accuracy, completeness, and compliance with approved loan structures. • Facilitate communication among lenders, borrowers, attorneys, title companies, and other third parties to ensure timely closings. • Coordinate commercial real estate closings, including review of title commitments, surveys, insurance, and closing documentation. • Review, verify, and perfect various forms of collateral, including: Commercial and residential real estate, UCC collateral filings, Deposit accounts, Stock and investment account collateral, Life insurance assignments, Equipment and other business assets. • Ensure proper lien perfection and collateral documentation in accordance with bank policies and regulatory requirements. • Prepare and file UCC financing statements, amendments, continuations, and terminations. • Review organizational documents, authority documentation, and legal opinions for business entities. • Verify compliance with SBA loan program requirements and documentation standards. • Coordinate loan funding and boarding activities with operations and accounting teams. • Maintain complete and accurate loan files and collateral records. • Resolve documentation exceptions and post-closing issues in a timely manner. • Support internal and external audits, loan reviews, and regulatory examinations.

🎯 Requirements

• Bachelor's degree in Business, Finance, Accounting, or related field preferred; equivalent experience considered. • 3+ years of commercial loan closing experience, preferably with C&I and SBA lending. • Strong understanding of commercial loan documentation, collateral perfection, and closing processes. • Experience coordinating commercial real estate loan closings preferred. • Working knowledge of SBA lending requirements and procedures preferred. • Experience with loan documentation systems such as LaserPro preferred. • Experience with core banking platforms such as Fiserv preferred. • Knowledge of UCC filings, lien perfection, title review, and collateral management.

🏖️ Benefits

• Health insurance • Professional development opportunities • Flexible working hours • Paid time off