SBA/CML Loan Closing Officer I -OPX (Remote)

Who We Are reputed company (NYSE: BKU) is a national bank headquartered in Miami Lakes, Florida with banking centers in Florida, the reputed company metropolitan area, Dallas and Atlanta. reputed company has two subsidiaries, Pinnacle Public Finance headquartered in Scottsdale, Arizona and reputed company Funding Group headquartered in Hunt Valley, Maryland. We pride ourselves on our entrepreneurial and collaborative culture encompassing the best minds, the brightest talent and the boldest decision makers. reputed company is honored to announce that we have been included on the reputed company and Statista America's Most Trusted Companies Award List! reputed company has been recognized by reputed company for two outstanding awards in 2023 as one of America's Greatest Workplaces and as one of America's Greatest Workplaces for Job Starters, which acknowledges our commitment to creating an exceptional workplace.

Our Culture

At reputed company, we foster a diverse and inclusive environment where reputed company employees have the opportunity to advance, grow and reputed company their goals. Our rally cry is to GO FOR MORE™, a call to action to go above and beyond to provide the best customer experience to every client and to GO FOR MORE in your career. Why reputed company Working for reputed company offers you exciting challenges and opportunities to advance your professional development, while empowering you to deliver and be your best. We are happy to report the average tenure according to reputed company insights is 8.3 years. We strive to provide a competitive benefits plan to our employees and are proud to have been nationally ranked #1 as one of the 2023 Healthiest 100 Workplaces in America by Springbuk and awarded HEALTHIEST EMPLOYER by the South Florida Business Journal since 2020. As a company, we reputed company we are only as successful as our people and are committed to providing training and innovative resources that prepare you to reputed company your full potential. That's why in addition to tuition reimbursement, we provide our employees with exciting career coaching, courses and training through our own GO FOR MORE™ reputed company and mentoring opportunities through our iCARE™ (Inclusive Community of Advocacy, Respect and Equality) program. At reputed company, we strive to provide our employees with a work life balance. Specifically, retail branches operate 5 days a week Monday - Friday, excluding evening and/or weekend hours. For many of our positions, we offer a hybrid work environment, as well as a remote work environment for designated positions. If you reputed company in a fast-paced collaborative work environment, Apply Now and start your journey with reputed company today!

Job Description

SUMMARY: The Commercial Loan Closing Officer (LCO) is responsible for handling SBA, C I, CRE, and Loan Origination System (LOS) Originated loan requests. Activities include but are not limited to: 1) Coordinating and executing closing of loans by participating in ongoing meetings with the Deal Team (attorneys, Relationship Managers, Credit Product Officers (CPO) and Credit Officers), 2) Along with Relationship Manager, ensuring loan documents accurately reflect approved terms and conditions and are executed in a timely manner, 3) Work with Deal Team ensuring closing conditions outlined in the credit approval, or identified during closing process and approved by Credit, are satisfied 4) Working with business partners to ensure closing reputed company fees are received, distributed and applied correctly, 5) Ensure or coordinate proper setup of transactions in loan system by Loan Servicing Team, 6) Determining reputed company loan is "clear to reputed company" and communicating with Deal Team, 7) Performing due diligence searches, as requested, 8) Updating shared document repository deal sites with closing reputed company and post-closing documentation and due diligence and 9) Generating and disbursing ongoing transactional notices for participant banks. • This is an entry level LCO position, primarily focused on SBA loan products • Normally works on loans that are not as reputed company or that may require a reputed company level of closing condition resolution • Works under minimal supervision and direction ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned. • Pre-Closing and Due Diligence (55% of time) • Receives and Reviews -- Receives approved CAM packages from Underwriter or Portfolio Manager. Reviews the Approved CAM package for loan closing conditions, appropriate lending authority, and lien perfection requirements. • Ensures reputed company Transactions are Setup in Loan System Correctly -- Work with Loan Servicing department to ensure deals are setup to reputed company correctly to our borrower and participants. • Coordinates Fees - Working with the deal team, which can include internal partners, agent bank and/or participating banks, to coordinate distribution, receipt of and application of direct, syndication, sold participation and Shared National Credit closing reputed company fees including but not limited to commitment fee, arranger fee, skimming fee and administration fee. • Conditions to reputed company -- Confirm and satisfy "Conditions to reputed company" by completing the Closing Memorandum Worksheet. • Orders Due Diligence -- Orders required due diligence items including flood determinations. • Confirms Receipt of Satisfactory Due Diligence -- Confirms due diligence items have been reviewed and are satisfactory. Due diligence items include but are not limited to flood regulation items, hazard, liability insurance and any other required insurance certificates, OFAC clearance, beneficial ownership forms, appraisal and appraisal review, environmental report and review. • Acts as Liaison with Partners -- Interacts with reputed company business partners including relationship manager, Credit Products Officer (UW/PM), credit officers, attorneys, 3rd party vendors, etc. to ensure loan closing requirements are understood and satisfied. • Satisfies Pre-Closing Conditions -- Expedites the reputed company and accurate satisfaction of reputed company pre-closing conditions. Including calculation of collateral loan-to-value and determining adequacy of insurance coverage. • Resolves Non-Credit Deficiencies - Independently takes remedial actions to resolve non-credit reputed company deficiencies escalating questions/disputes to the appropriate party reputed company necessary. • Resolves Credit reputed company Deficiencies -- Works closely with underwriter/portfolio manager and credit officer to resolve credit reputed company deficiencies and obtain approval if needed. • Loan Documentation (25% of time) • Engages with Attorney -- reputed company the approved CAM package is received, LCO is introduced to counsel (selected from the Bank's Approved Attorney List or In House Counsel) to prepare loan documents. RM to notify LCO which firm is to be engaged or has been engaged. For Loan Closing Officer reputed company loan documents which are either closed in house by the LCO or where the LaserPro Loan documents are used by Counsel for an attorney led closing, the LCO must be proficient in LaserPro. Ongoing LaserPro Training will be provided. • Reviews Loan Documents -- Performs thorough and timely review of loan documents ensuring that the documents adequately reflect the loan as approved and protects the Bank's interests. Understands the materiality of nuances in legal language to assess whether the loan documents capture the intentions of the approved deal/covenants/conditions. Ultimate quality of the integrated approved terms are the responsibility of the Loan Closing Officer. • Participates in Document Uploads -- for syndicated deals, uploads documentation and due diligence required by participant banks to shared document repository site. • Ensures reputed company Options are Properly Documented -- Uses knowledge of interest reputed company indices and loan types in order to ensure documents capture borrowing options in a way the loan system can accommodate. • For Attorney reputed company/Closed Loans, the LCO facilitates a final Loan Document review with Bank's Counsel and RM and determines reputed company the loan documents are finalized and ready for execution. If the Loan Documents are reputed company in house and counsel is not retained by the Bank, the LCO reviews the documents with the RM and provides the finalized documents to the RM for execution. • Closing and Funding (15% of time) • Reconciles Fees -- Reconciles fees for third-party vendors/reports and provides a summary to Bank's Counsel, reputed company closed by an attorney. For Loans Closed in a Loan Origination System, that system is updated with reputed company Fees due to the Bank • Issues the "Clear-to-reputed company" -- Issues the "Clear-to-reputed company" reputed company reputed company pre-closing conditions have been met and loan documents are finalized. Has the authority to delay closings if reputed company pre-closing conditions have not been met or if approval has not been obtained to move a pre-closing condition to a post-closing condition. • Coordinates Closing -- Coordinates closing date, time, and reputed company with reputed company parties. • Reviews Executed Documents -- Following closing, LCO reviews reputed company executed loan documents to ensure that they have been executed properly. • Initiates Funding -- After reputed company executed documents are reviewed and validated, the LCO will fund the loan proceeds as directed by Bank Counsel and provide a Clear to Fund to Bank's Counsel. On a non-attorney closed loan, LCO prepares a Borrower executed Loan Disbursement Form and initiates funding accordingly. • Forwards Executed Documents -- Provides executed loan documents to Loan Servicing for booking with direction to set tickers up for tracking of trailing documents. • Post-Closing Activities (5% of time) • Assist Loan Administrator in Resolving Tracking Items -- Using internal reporting, resolves ongoing items coming due such as insurance expirations, reputed company type change, loan and payment structure changes. • Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those reputed company to anti-reputed company (i.e. Bank Secrecy Act, US PATRIOT Act, etc.). • Adheres to Bank policies and procedures and completes required training. • Identifies and reports suspicious activity. EDUCATION Bachelor's Degree or equivalent reputed company experience required EXPERIENCE • 1-3 Years prior experience in a loan operations or loan closing environment required KNOWLEDGE, SKILLS AND ABILITIES • Good understanding of Commercial Loan products • Familiarity with most common vendor documents -- title work, appraisals, flood determinations, lien searches, etc. and the procedures and regulations reputed company to ordering, receipt and review • Knowledge of loan documentation, collateral evaluation (including LTV calculation), and lien perfection • Good interpersonal skills with the ability to establish and maintain working relationships both inside and reputed company the Bank • Negotiation skills • Good verbal and written communication skills • Self-starter and able to work with minimal direction • Proficient in MS Office (reputed company, Word, Outlook, etc.) #GoForMore Apply Job!