Commercial Loan Closing Specialist


: $66,930.00 - $112,010.00 /year *

Employment Type

: Full-Time


: Financial Services - Banking/Investment/Finance

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Location: Pittsburgh, PA


Job Position Description
Responsible for initiating and driving the loan closing process, coordinating the activities, decisions, and communications amongst the deal team along with internal counsel, outside counsel, and third parties.
Responsible for the integrity of loan closings, due diligence, documentation, compliance and loan booking. Including: review closing documents, ensure the loan structure and terms conform to credit approval and bank policies, and requirements to close are in place, identify and appropriately mitigate exceptions.
Makes decisions that influence risk management and customer relationships for loans that are typically greater than $5 million, with custom, complex terms that may involve acquisition, bonds, syndication, tax credits, credit derivatives, etc. Collaborates with Sales and Portfolio Managers to influence business decisions
Responsible for proactive identification of potential risks and adverse situations that may impact the banks interest " at loan and portfolio level, including other business segments as assigned. Communicates and/or escalates risks, pursues corrective action and drives solutions
Orders and reviews due diligence such as title commitments, flood determinations, insurance and other pre-closing items, and coordinates review with respective banker, outside counsel and title company. Prepares closing statements, ensuring all fees are collected (e.g. appraisal fees, commitment fees and other closing fees). Prepares forms necessary to book loan on system of record.
Responsible for clearing any outstanding post-closing items and collateral exceptions; works with Commercial Loan Servicing to resolve errors. Manages closing checklist, certifications, and closing files according to Business Segment standards.
Develops and maintains positive relationships with the deal team and other business partners, and third parties such as outside counsel, title companies.

Traits and Characteristics:
Demonstrates confidence, assertiveness, professionalism, and ability to interact with all levels within the organization in a professional manner
Proficient use of Microsoft Office and other internet resources
Excellence in customer service, highly motivated, focused and goal oriented
Excellent written and verbal communication skills, including grammar and demeanor
Strong organizational skills with attention to detail, planning and follow-up
Ability to work independently on multiple tasks without compromising quality

Basic Qualifications- Bachelor's Degree and 3+ years of commercial banking experience

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Associated topics: banking service, client, commercial loan, loan, mortgage loan officer, mortgage officer, mortgage originator, mortgage servicing officer, personal banker ii, relationship * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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