Sr. Loan Closer

General Statement of Duties: Manage Business Banking Loan Closing Process from Pre-Closing to Funding by interfacing with internal and external clients. Review of all data fields in Loan Vantage for Line's of Credit, Term Loans and Owner-Occupied Real Estate loans.

Major Duties and Responsibilities:

• Identify and approve all closing documentation for various types of loans to ensure compliance with loan approval process as well as Bank Policies and Procedures.

• Ensure all due diligence is completed, and all collateral is perfected appropriately. Calculate loan payments and confirm that DSC and LTV are accurate.

• Review and analyze the required due diligence to include but not limited to, title policies, violation searches, UCC searches, flood determinations, appraisals, and purchase contracts.

• Communicate with attorney and CRM to clear any outstanding matters to get the loan closed.

• Confirm Insurance documents are in accordance with Bank's Insurance policy and coverage amounts have been met.

• Perfect collateral positions and UCC Filings to protect the Bank's security interest.

• At times, prepare closing documentation for LOC and Term loans under $2.5MM.

• Function as a liaison with the Outside Counsel/BB's/CRM's.

• Validate and certify the accuracy of all CECL data fields in Loan Vantage before submitting to Loan Servicing.

• Monitor Good Faith and Commitment Fees; reconcile General Ledger.

• Develop policies and procedures to conform to best practices.

• Stay abreast of all bank policies and procedures, as well as all applicable state and federal regulations.

• Compile and produce monthly reporting regarding loan volumes and fees for Senior Management and Accounting.

Non-Essential Responsibilities:

• Perform other related functions as required by Management.

• Spearhead Special Projects as needed.

Minimum Qualifications:

• Bachelor's Degree

• A minimum of 5 to 8 Years of closing experience with expertise in Due Diligence documentation

• Strong understanding of Credit Policy

• Knowledge of lending operations preferred.

Knowledge, Skills, and Abilities:

• Ability to work proactively as a team player with a positive style that encourages, empowers, and motivates associates. Provide a high level of customer service to both internal and external customers to ensure an exceptional client experience.

• Ability to coordinate diverse tasks simultaneously with strict time frames, manage multiple loans at one time in order to meet critical closing deadlines.

• Collaborate with other of the Bank's business units to ensure standardized delivery of work.

• Ability to successfully manage projects of a varied and complex nature.

• Strong analytical, process and people skills.

• Demonstrate organizational skills and a strong attention to detail.

• Must be proficient in Microsoft Office products.

Pay Range: $75,000 - $90,000

Hours: 37.50

This is an exempt position.

The actual compensation will be based on qualifications, experience and other factors permitted by law.

EOE, including Veterans and Disabled

Other details

• Pay Type Salary

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• Uniondale, NY, USA