Commercial Loan Closer (Remote in Atlanta, GA or Jacksonville, FL)

Overview

This role coordinates, prepares, and reviews commercial loan documentation and transactions to ensure accuracy and adherence to loan approval requirements, loan policy, federal regulations, and state laws. Responsibilities include facilitating the closing process, managing pre-closing due diligence, and resolving any exceptions to approved terms.

Responsibilities

• Facilitate the closing of commercial loans.
• Review loan type, approval terms and conditions, loan policy, federal regulations, and state laws to determine closing requirements and develop a due diligence/closing checklist.
• Perform due diligence activities for a wide range of commercial loans, applying knowledge to analyze requirements and administer pre-closing activities.
• Prepare loan documents on the bank’s documentation system, ensuring accuracy and proper terms and conditions aligned with loan approval and established standards.
• Manage a large pipeline of loans across different stages of the closing process, including workflow and deadline management.
• Identify and obtain necessary third-party reports, which may include:
  • Title and surveys
  • Entity documents
  • Flood determinations
  • Environmental reports
  • UCC searches
• Review reports and documents for accuracy and sufficiency according to bank policy and regulatory requirements.
• Identify discrepancies, facilitate resolution, and take corrective actions.
• Serve as a liaison with loan officers, attorneys, third-party vendors, and customers.
• Follow up on closing requirements and monitor progress to ensure deadlines are met.
• Provide ongoing communication with lender and borrower on the status of specific loan requests.
• Process disbursement of loan proceeds.
• Maintain and update electronic checklists to ensure diligence items are addressed.
• Manage electronic file organization for all commercial loan files.
• Meet Commercial Hubs Standard Service Level Agreements and Quality Control objectives.
• Provide instructions, guidance, and requests to stakeholders to support clear, professional communication and efficient processing.

Requirements

• 3 or more years of experience as a Commercial Loan Closer or related role.
• Experience using relevant banking and document storage software applications.

Required Knowledge, Skills, and Competencies

• Intermediate knowledge of commercial loan documentation and loan structures, including commercial real estate, asset-based lending, general C&I lending, and a wide array of commercial non-real-estate transactions.
• Intermediate knowledge of due diligence requirements for commercial loan transactions, including corporate documentation, leases, subordination agreements, property management agreements, franchise agreements, borrowing bases, and titles.
• Ability to stay current on applicable banking regulations and security procedures/practices to prevent fraud or other bank losses and to comply with regulatory requirements.
• Intermediate computer and Microsoft Office skills.
• Ability to communicate clearly and professionally.
• Ability to plan, schedule, and organize work to achieve goals within or ahead of established time frames.
• Ability to provide a high level of interactive service by building relationships and addressing identified needs.
• Ability to analyze and record detailed information and produce accurate, high-quality work products.
• Ability to research, analyze, identify viable options, draw sound conclusions, and present findings.
• Intermediate knowledge of financial covenants, business entities, standard and non-standard loan products.
• Intermediate knowledge of commercial loan compliance policy and closing processes.
• Ability to manage and organize a high volume of documents.
• Ability to read, analyze, and interpret commercial loan documents.
• Ability to perform accurate calculations and transactions.
• Critical thinking and analytical skills for transaction review, file maintenance, and processing.

Education

• High school diploma or GED required.
• Bachelor’s degree or equivalent combination of education and experience preferred.

Compensation & Benefits

This role is eligible for a comprehensive employee benefits package, including:

• Medical, Dental, and Vision Insurance (employer covers a major portion of healthcare; eligible on the first of the month following 30 days of employment)
• Life Insurance (provided at no additional cost)
• Accidental Death & Dismemberment Coverage
• Long-Term Disability Coverage
• Paid Sick and Vacation Leave
• 11 Holidays
• Volunteer/Service Day
• Employee Stock Purchase Plan
• 401(k) Retirement Plan (employer matches 50% of the first 8% of contributions)
• Flexible Spending Accounts
• Health Savings Account
• Health Reimbursement Arrangement
• Supplemental Life & Other Insurance Plans
• Identity Theft Protection
• Pet Insurance
• Legal Insurance
• Employee Assistance Program
• Employee Advocacy Program
• Tickets at Work (entertainment discounts for eligible employees)
• Employee Referral Incentive
• Education Assistance
• Employee Resource Groups

Additional banking advantages include:

• Free Interest Checking
• Free Safe Deposit Box
• Free Money Orders, Travelers’ Checks and Cashier Checks
• Discount on Mortgage Origination Fee
• Free Online Banking and Free Unlimited Online Bill Payment
• Employee Banking Perks

Location

Serves customers across locations in the Southeast, Mid-Atlantic, and nationwide through digital offerings and a mobile app.