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    Loan Closer - Chicago, United States - Gulf Coast Bank & Trust

    Gulf Coast Bank & Trust
    Gulf Coast Bank & Trust Chicago, United States

    1 week ago

    Default job background
    Regular, Full time
    Description
    The Loan Closer's primary responsibility is to close loans in compliance with the requirements set forth by the bank and specific government agency (if applicable). Additionally, they will ensure that the loans are properly documented and disbursed in accordance with the loan approval. The position requires someone who is detail oriented, well organized and a good communicator. The candidate should be comfortable with proactive interaction with the Underwriter, Business Development Officer, borrower, attorneys and other third parties throughout the closing process.

    Responsibilities
    • Review file and prepare closing checklist to work with the borrower to collect required documents.
    • Schedule regular call with the borrower to review progress and answer any question the borrower may have to clarify all requirements.
    • Properly document file for compliance with company requirements and obtaining the loan guaranty approval.
    • Coordinate with all parties to comply with bank, legal and government program requirements.
    • Review all loan documentation for accuracy and proper lien position and maintains compliance with documentation requirements.
    • Prepare and process loan disbursements and maintains disbursement history, including associated invoices, in accordance with the appropriate authorization.
    • Compiles evidence of equity injection as required by the loan approval.
    • Ensures that all due diligence complies with the Bank Secrecy Act, OFAC and USA PATRIOT Act including Customer Identification Program and Red Flag requirements.
    • Coordinates with legal counsel or title company to prepare and approve settlement statements prior to loan closing and funding.
    • Works directly with outside counsel to prepare closing documents.
    • Contributes to the Company's growth and customer satisfaction by helping customers to resolve problems.
    • Coordinates specific work tasks with other personnel within all departments in order to ensure the smooth and efficient flow of information.
    • Cross trains and supports all other positions within the franchise finance group.
    • Abides by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of sexual harassment and other forms of illegal discriminatory behavior in the workplace.
    • Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the bank's compliance with all regulatory requirements.
    • Assists with various administrative tasks to support department operations, as directed; may also be assigned special projects.
    • Participates in outside classes, seminars, meetings, and training to continually improve development, remain current and aware of new growth opportunities.
    • Follows all safety and security procedures.
    • Other duties as assigned.
    Requirements

    Skills/Experience/Education
    • Associate degree or equivalent is required.
    • SBA experience is a plus.
    • Must have a good understanding of small business loan process.
    • Must be familiar with commercial loan documents and loan covenants.
    • To perform this job successfully requires a high level of independent problem solving to perform all essential duties.
    • Demonstrate excellent communication (written and verbal) and interpersonal skills.
    • PC Proficiency in Desktop, Laptop, Tablet, and Smartphone devices as well as Microsoft Office Suite software.
    • Ability to work well independently and within a team environment with proven ability to meet deadlines. Attention to detail is imperative.
    • Must have strong organizational and time management skills with the ability to learn and prioritize specialized loan processing tasks.
    • Must be a self-starter with the ability to multi-task.
    Essential Mental & Physical Requirements
    • Ability to travel if required to perform the essential job functions.
    • Ability to work under stress and meet deadlines.
    • Ability to read and interpret a document if required to perform the essential job functions
    • Prolonged periods of sitting at a desk and working on a computer may be required.
    • Ability to lift/move/carry approximately 15 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division any "undue hardship" then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.
    Gulf Coast Bank & Trust Company and its subsidiaries is committed to a diverse and inclusive workforce. We are committed to equal employment opportunities without regard to race, color, genetic information, religion, sex, affectional or sexual orientation, gender identity or expression, age, marital status, military and veteran status, physical and mental disability, and any other characteristic protected by applicable law. We believe in attracting, retaining, and promoting quality talent and recognize that our diversity is critical to the success of the company.

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