Woodforest National Bank Commercial Loan Closer in The Woodlands, Texas
Description: The Commercial Loan Closer is responsible for accurately setting up the customer, facility and the loan in the core banking system, in addition to closing Commercial loans in accordance with regulatory requirements and company policies and procedures. This includes working with the line of business, attorneys and various loan operations departments to ensure loan closings takes place as scheduled. The Commercial Loan Closer will also be responsible for the quality control and system review of their regionally assigned Relationship Team to ensure all loans are documented in accordance with the loan approval and the bank’s established guidelines. The Commercial Loan Closer will ensure loan closing packages are received back timely in addition to ensuring exceptions are cited accurately for deficient documents.
Key Responsibilities: * Orders and compiles loan documents in preparation for closing; works in conjunction with regionally assigned Relationship Managers, attorneys and title companies to execute requests and to ensure timely responses. * Establish and onboard borrowers, guarantors, facilities and fees on the core commercial loan system in accordance to the credit agreement. * Performs quality reviews of Commercial loan files for accuracy as it relates to compliance with bank loan policies and procedures to assist in identifying training needs. * Knowledgeable in all aspects of Commercial loan documentation, understanding of legal entities and loan documents such as notes, security agreements, loan/credit agreements, etc. * Reviews final documents for completion and accuracy and ensures credit approval memo, loan approval system and credit agreement are consistent. * Performs basic due diligence research such as lien and business entity searches. * Records and tracks activity on department’s loan tracking system. * Possesses and maintains a high level of knowledge of all regulations as they apply to all Commercial products. * Performs other job-related duties or special projects as assigned. Competencies Required: * Extensive knowledge of participation/syndication, construction and complex middle market transactions with a strong understanding of accounting principles, loan processing procedures, and related regulations. * Proficient with Microsoft Office (Excel, Word, Outlook, SharePoint) and ability to navigate loan and bank software applications and related websites. * Excellent organizational and time management skills, with strong attention to detail and concern for accuracy. * Excellent customer service skills with the ability to effectively research and resolve issues and discrepancies. * Ability to interact and communicate effectively with internal and external parties. * Solid analytical and decision-making skills.
Minimum Qualifications/Experience: * 3 years of Commercial loan closing experience including commercial and middle market transactions and participations/syndications.* * Formal Education & Certification: * High School diploma or equivalent required. * Bachelor’s Degree in Business Administration, Finance, Accounting or other related field preferred.* * Work Status: * Full-Time. Supervisory Responsibility: * None. Travel: * 0% - Negligible amount of travel expected.* * Working Conditions: * Conditions involve lifting no more than ten pounds, sitting most of the time, but may involve walking, moving, or standing for brief periods, and occasionally lifting and carrying articles like files, ledgers, folders, etc. /Woodforest is an Equal Opportunity / Affirmative Action employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status, or other status protected by law or regulation. /
Organization: *WOODFOREST NATIONAL BANK
Title: Commercial Loan Closer
Location: Texas-The Woodlands
Requisition ID: 043880
Woodforest National Bank
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