Commercial Loan Closing Admin at Security Service Federal Credit Union

Responsible for tasks associated with various commercial loan functions from the pre-closing process to the boarding of the loan in accordance with established loan policies, procedures, guidelines and regulatory requirements. Analyzes internal credit union's Credit Approval Memo (CAM) to determine required due diligence and documentation needed for each loan transactions. Coordinates pre-closing requirements with internal and external clients, i.e. loan officers, underwriters, borrowers and attorneys, as necessary. Interacts with attorneys to prepare complex loan transactions and coordinates with title companies to ensure loan closings are handled efficiently and according to loan procedures. Prepares LaserPro documents for complex commercial loans (to include C & D /construction loans) generally less than $15MM. Prepares and reviews loan-closing checklists to ensure all necessary documents and fees are listed and provide checklists to title companies to assist in the preparation of settlement statements. Reviews lease documents using specific approved loan terms while complying with internal policies and procedures as well as regulatory and legal requirements. Provides technical training to team members as requested by the management. Updates all internal reports i.e. closed loans, approval/denials, exceptions, and etc., timely and accurately insuring they comply with the approved CAM and adhere to loan policy and procedures. Provides servicing team with funding/boarding support needed to close/fund commercial loans. Prepares loan closing worksheets for processing, booking, and monitoring of loans on core system, providing management reports as requested. Prepares and/or reviews modification/forbearance agreements. Must meet quality standards, timelines, and department metrics. Completes any other job related duties needed to help drive to our Vision, fulfill our Purpose, and abide by our Organization's Values. Apply Now