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Commercial Loan Closing Specialist
Fifth Third Bank. Determine requirements and complete due diligence for commercial loan documentation and closing .
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Demonstrates expertise in commercial loan documentation, due diligence, and compliance with regulatory requirements. Proficient in coordinating with various stakeholders to ensure accurate loan processing and closing.
Highest-signal resume keywords
Commercial Loan DocumentationDue DiligenceVendor Document KnowledgeRegulatory ComplianceLoan Closing Coordination
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
Loan DocumentationCollateral EvaluationRegulatory RequirementsCredit PoliciesLoan CodingVendor Due DiligenceTitle SearchesAppraisalsFlood DeterminationsLien Searches
Soft Skills
Time ManagementOrganizational SkillsVerbal CommunicationWritten CommunicationNegotiation Skills
Tools & Technologies
Microsoft ExcelMicrosoft WordB2BCCASAFSRIMSCHQ
Industry Keywords
Commercial LendingBusiness BankingLoan Closing ConditionsVendor DocumentsConsumer Purpose Requirements
About the role
Key responsibilities & impact- Determine requirements and complete due diligence for commercial loan documentation and closing
- Review credit approvals and analyze borrower, collateral, guarantor and loan requirements
- Confirm lending authority and satisfaction of credit approval conditions
- Manage newly received loans and work in process
- Order and interpret vendor due diligence documents, including title searches, UCC searches, appraisals, environmental assessments, flood determinations, insurance documents, surveys and entity documents
- Resolve deficiencies and escalate questions or disputes
- Coordinate closing dates and times with sales, credit, attorneys, title companies, customers and relationship managers
- Engage and finalize preparation of loan documents with internal and external counsel
- Review loan documents and resolve shortfalls to align with deal structure and credit approval
- Review entity documents and determine authorized parties
- Obtain required documentation directly from customers
- Determine and obtain approvals for compliance requirements such as CIP, Regulation U, consumer purpose and flood requirements
- Determine loan coding for portfolio and regulatory reporting
- Apply commercial loan documentation, legal, regulatory, policy and procedure knowledge
- Review funding information and settlement statements and direct disbursement of loan proceeds
- Make final determination that due diligence, credit approval, closing conditions, policies and regulations are complete before authorization to close
- Work with outside counsel on externally prepared commercial loan documentation
- Guide business partners and coach them on retail business banking and commercial lending loan closing processes
- Collaborate with financial center employees, business units, relationship managers, credit, underwriters, document preparation teams, title companies, vendors and attorneys
- Meet individual and departmental goals and service level agreements
- Apply credit policies and procedures to mitigate bank risk
- Review loan accounting systems and resolve discrepancies with credit
- Perform other duties as assigned
Requirements
What you’ll need- High school diploma or equivalent
- 2 years experience with a focus on due diligence, loan documentation, or related work experience
- Commercial loan experience preferred
- Strong time management and organizational skills
- Understanding of applicable bank policies and procedures related to loan closing conditions, vendor documents and services
- Knowledge of common vendor documents, including title work, appraisals, flood determinations and lien searches
- Knowledge of loan documents and requirements
- Knowledge of commercial lending and loans
- Understanding of business banking and commercial loan products
- Knowledge of business banking and commercial lending credit policy/guidelines
- Knowledge of loan documentation, collateral evaluation, lien perfection, and local, state and federal regulatory requirements
- Knowledge of B2B, CCAS, AFS, RIMS, CHQ, loan document preparation systems or equivalent vendor systems preferred
- Strong computer skills, including Microsoft Excel, Word and email
- Self-starter able to work with minimal direction
- Strong verbal and written communication skills
- Strong negotiation skills
- Strong interpersonal skills and team orientation
- Ability to meet deadlines under pressure
- Ability to escalate issues requiring problem solving and decision making
Benefits
Comp & perks- Incentive compensation plan based on company, line of business and/or individual performance
- Comprehensive benefits programs supporting physical, financial, emotional and social well-being