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Commercial Loan Processor & Closer III
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- Essential Job Functions•Reviews and understands complex loan approvals to determine borrower, collateral, guarantor, loan structure requirements, determines due diligence requirements and prepares a closing checklist accordingly.
- Understands, determines and obtains appropriate approval for compliance requirements, such as Commercial Customer Identification Program (CIP), BSA, ECOA, OFAC, etc.
- Orders and reviews third party reports, such as, preliminary title reports, flood certifications, Certificate of Good Standing, UCC searches, site visits, insurance certificates, lien / judgment, Tax Transcripts, and any other required reports as necessary.
- Coordinates the closing with all parties concerned including internal and external attorneys (as applicable), title companies, members, relationship manager, and Documentation Specialist to ensure funding deadlines and expectations are met.
- oPrepares the loan funding and disbursement by drafting lender’s instructions, reviews settlement statements, completes verbal verification of wiring instructions and balances the loan disbursement with escrow/title.
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