Commercial Loan Closing Officer II; Remote

Commercial Loan Closing Officer II (Remote)

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$85,000.00/yr - $95,000.00/yr

The Commercial Loan Closing Officer (LCO) is responsible for handling all C&I and CRE loan activities including direct, purchased, sold and syndicated deals, including Construction Loans. Activities include but are not limited to:
1) coordinating and executing closing of direct, sold, purchased and syndicated deals by participating in ongoing meetings with the Deal Team (agent banks, participating banks, attorneys, Relationship Managers, Underwriters 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 are satisfied,
4) working with business partners to ensure closing related fees are received, distributed and applied correctly,
5) ensuring proper setup of complex transactions in loan system by Loan Servicing Team,
6) determining when loan is "clear to close" and communicating with Deal Team,
7) performing due diligence searches,
8) updating shared document repository deal sites with closing related and post‑closing documentation and due diligence and
9) generating and disbursing ongoing transactional notices for participant banks.
* This is an intermediate-level LCO position
* Assigned to loans that are more complex or that require greater independence in closing condition resolution
* Empowered to use judgement to determine materiality regarding clearing closing conditions or the need for escalation.

• Pre‑Closing and Due Diligence (50% of time) – Receives and reviews approved CAM packages, ensures complex transactions are set up correctly in the loan system.
• Coordinates Fees – Works with the deal team to coordinate distribution, receipt and application of closing related fees, and confirms and satisfies "Conditions to Close" by completing the Closing Memorandum Worksheet.
• Orders Due Diligence – Orders required due diligence items including credit searches and flood determinations, confirms receipt of satisfactory due diligence.
• Acts as Liaison with Partners – Interacts with all business partners to ensure loan closing requirements are understood and satisfied; expedites pre‑closing conditions; resolves credit and non‑credit deficiencies.
• Loan Documentation (20% of time) – Engages with attorney, reviews loan documents, participates in document uploads, ensures rate options are properly documented.
• Finalizes Loan Documents – Facilitates loan document review process, determines when documents are finalized and ready for signing.
• Closing and Funding (15% of time) – Reconciles fees, issues "Clear‑to‑Close", coordinates closing details, reviews executed documents, initiates funding.
• Forwards Executed Documents – Provides executed documents to Loan Servicing and Process Administration, resolves closing issues.
• Post‑Closing Activities (15% of time) – Coordinates syndication notices, executes life‑of‑loan transactions, addresses tracking items, uploads documents.
• Adheres to laws, regulations and Bank policies; completes required training; identifies and reports suspicious activity; occasional visits to sales office.

Bachelor's Degree in Business preferred.

• 4‑6 Years of experience in a financial institution with a focus on due diligence or loan documentation required.
• Experience as a paralegal preferred.

• Strong understanding of C&I and CRE Commercial Loan products.
• Thorough knowledge of vendor documents (title work, appraisals, flood determinations, lien searches) and related procedures.
• Strong understanding of loan documentation, collateral evaluation, lien perfection and applicable regulatory requirements.
• Demonstrated time‑management and organizational skills; ability to meet deadlines under pressure.
• Solid interpersonal skills; ability to establish and maintain working relationships both inside and outside the Bank.
• Strong negotiation skills.
• Strong verbal and written communication skills.
• Self‑starter able to work without direction.
• Independence in problem solving and decision‑making.
• Strong computer skills with knowledge of Excel, MS Word, and Outlook.

• Candidates residing in locations within Bank United's footprint may be given preference.