Loan Closing Specialist

This is a banking positionThis role is responsible for coordinating and managing the loan closing process, ensuring all credit approval conditions, due diligence requirements, and documentation are completed accurately prior to funding.The ideal candidate will have experience with commercial and/or real estate loan closings, secured transactions, and regulatory compliance requirements. This individual will work closely with lenders, attorneys, paralegals, and internal departments to ensure loans are closed efficiently, accurately, and in accordance with bank policies and regulatory standards.Job RequirementsReview credit approvals, commitment letters, and loan documentation to determine closing requirements and due diligence needsPrepare and maintain closing checklists for assigned loan transactionsOpen, organize, maintain, and update electronic loan closing filesCoordinate with loan officers, attorneys, paralegals, title companies, and internal departments throughout the closing processMonitor outstanding closing conditions and follow up to ensure timely receipt of required documentationReview due diligence items including title reports, insurance documentation, legal documents, and collateral requirementsPrepare insurance requirement letters and review insurance coverage for compliance with loan requirementsCalculate escrow requirements and prepare amortization schedulesReview loan documents for accuracy and consistency with approved loan terms and bank proceduresPrepare loan documentation for unsecured loans, CD-secured loans, UCC loans, and other assigned transactionsAssist with weekly pipeline, funding, and closing reportsEnsure compliance with RESPA guidelines, internal policies, and regulatory requirementsSupport special projects and additional closing department initiatives as assignedJob QualificationsBachelor’s Degree required or equivalent combination of education and related experienceMinimum 2 years of secured transaction, real estate, and/or loan closing experience requiredExperience with commercial loan closings preferredKnowledge of RESPA guidelines and loan closing compliance requirementsUnderstanding of secured transactions, commercial lending documentation, and real estate lending conceptsExperience reviewing loan documents, insurance requirements, title work, and closing conditionsProficiency in Microsoft Word and Excel requiredExperience with LaserPro and Encompass preferred, but not requiredStrong attention to detail and organizational skillsExcellent written, verbal, and interpersonal communication abilitiesAbility to manage multiple transactions and deadlines in a fast-paced environmentAbility to work independently and collaboratively with internal and external stakeholders