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Commercial Loan Closer

The Commercial Loan Closer will support the Bank's commercial lending program by handling the necessary transactions needed to close and book approved loans.
Key Responsibilities
Support the Bank's "client first" focus and rules of engagement?maintaining a professional demeanor, working as an active member of the CNOB team, providing clients excellent service, always striving to make CNOB "A Better Place to Be".
Responsible for managing and administering a portfolio of loans from origination through to settlement and funding in accordance with Bank policies, procedures, and regulatory requirements.
Analyzing internal bank loan approvals to determine required due diligence and documentation for each loan transaction.
Ordering all searches including flood and reviewing to ensure compliance with bank policy, procedures and regulatory requirements;
Ensuring all collateral evaluations are ordered and reviewing of same to clear issues;
Reviewing and ensuring all required insurance including flood is sufficient and in compliance with regulations;
Preparation of internal pre-closing and post-closing checklist;
Acting as liaison with lender, bank counsel and title companies;
Reviewing loan documentation to ensure compliance with loan approval and policy and ensuring that all standard provisions are included and are not compromised;
Coordinating receipt of closing requirements with internal departments, lender, bank counsel, borrower, and borrower's counsel;
Confirming that all conditions within the approval have been met and scheduling closing;
Preparing Closing Letter for Bank Counsel which includes wire break-down, fees, etc., reviewing Settlement Statements and preparing funding wires;
Preparing Booking sheet and reviewing loan after it is booked into the system of record;
Ensuring that all loans are closed without material, administrative or compliance exceptions;
Following up and clearing loan documentation exceptions, approved post-closing documentation, and filed and recorded documents.
Maintain pipeline and process approved loans in a timely manner.
Ensure that all communications with clients are positive. Escalate any issues as needed to the appropriate party, and taking ownership and following up on a daily basis as necessary until conclusion.
Knowledge
Use of superior knowledge of commercial loan documentation, title policies, appraisals, environmental assessments and entity formation documents;
Knowledge of various federal regulations including Bank Secrecy Act, Community Reinvestment Act, Americans with Disabilities Act, Right to Financial Privacy Act, Gramm-Leach-Bliley Act, Regulation E and US PATRIOT Act.
Knowledge of processing underwriting and/or closing procedures/federal lending regulations governing real estate lending.
Familiarity with Bank security and safety practices.
Skills
Excellent communications, planning, customer service, organization and interpersonal skills to deal effectively with customers, bank attorneys and bank personnel.
Thorough understanding of federal banking compliance and requirements.
Excellent PC skills.
Familiarity with Google Apps and Products.
Abilities
Strong "client first" interest and ability.
Ability to prioritize multiple competing tasks.
Other Requirements
Experience closing C&I, Construction and Commercial Real Estate Loans (participations/syndications, Commercial Mortgages, Lines of Credit and Term Loans).
Experience as a Commercial Loan Closer.
Paralegal Certificate or 2 year Associate Degree in Paralegal Studies preferred
College Degree preferred, but not required.



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