Pre-Closing Representative

Job Description

Job Description

BASIC PURPOSE: This position is responsible for performing pre-closing reviews of consumer and selected commercial loans and determining conformance with documentation requirements as well as bank credit policy standards and approval requirements.

PRINCIPLE ACCOUNTABILITIES

• Verify loan documents required to support approved terms and conditions, including reviewing entity and collateral documentation, lending authorities, and adherence to terms, pricing and conditions approved by bank loan committees.
• Prepare documentation for all new, renewal and modified loans, utilizing the bank’s internal documentation software.
• Produce complete, accurate and enforceable loan document packages, including early disclosures, promissory notes, loan agreements, security agreements, financing statements, borrowing resolutions, and other necessary documents for assigned loans.
• Assist with third-party services, including UCC filings and searches, flood determinations, Secretary of State standings and other external documentation.
• Serve as resource to all bank lending personnel and loan support areas by providing guidance and/or consultation on any documentation, policy or procedural issue.
• Notify lenders of potential problems and make recommendations for resolution of problems or conflicts associated with loans and/or collateral.
• Participate in training sessions, webinars and/or projects relating to pre-closing and compliance.
• Provide support to Department Manager and assist with departmental training and the implementation of bank initiatives.

EDUCATION, EXPERIENCE, SKILLS

• Minimum of three (3) years of work experience in consumer and commercial loan documentation preferred.
• Broad knowledge in loan compliance and regulatory requirements, with strong understanding of loan documentation for consumer and commercial loans.
• Superior attention to detail and accuracy
• Strong written and oral communication skills
• Effective organizational and time-management skills
• Ability to handle heavy volumes of work under pressure in a deadline-driven environment.
• Proficient PC and technical skills necessary to perform related job duties.
• Excellent multi-tasking and prioritizing skills

BankFirst is an EOE, including vets/ disabilities.