Commercial Loan Closer I
Company: First Interstate Bank
Location: Boise
Posted on: January 26, 2023
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Job Description:
If you are a current FIB employee, please apply through the
Career Worklet in the Employee Portal. This position is located at
our Boise W. Overland branch. SUMMARY This position is the key
focal point for all loan closing tasks associated with approval
conditions and will pro-actively interact with branch employees,
underwriting, document preparation, and third party vendors (i.e.
title companies, insurance agent, attorneys), working with some
supervision. A Loan Closer will effectively communicate with all
parties to expedite the request for loan documentation, while
meeting underwriting, bank policy, compliance and regulatory
requirements. This position will follow established guidelines and
procedures, and will have a basic knowledge of loan documentation,
credit policy and bank products. ESSENTIAL DUTIES &
RESPONSIBILITIES include the following; other duties may be
assigned. Receives loan approvals for basic commercial loans to be
prepared for closing from an underwriter. Reviews the approval for
loan closing conditions, appropriate lending authority, lien
perfection requirements and SBA requirements (if applicable.)
Establishes conditions to close. Loan types handled will include
unsecured, secured, SBA, agricultural, various real estate, etc.
Orders/obtains required due diligence items from internal groups or
third party vendors. Due diligence items include: title
commitments/title searches, UCC searches, evaluations or real
estate appraisals, environmental questionnaires or evaluations,
flood determinations, proof of insurance documents, surveys, etc.
Reviews due diligence items received to address and clear issues,
and to provide complete and accurate loan and borrower information
to the document preparation team. Provides timely, complete and
accurate responses to inquiries. When the loan is 'clear to close,
' facilitates efforts to ensure timely creation of internally
(Documentation Preparation) or externally (outside counsel)
prepared loan documents. Transfers all credit and due diligence
documents to the imaging system, following all image protocols.
Coordinates efforts to establish closing date with branch sales
personnel and other appropriate parties (i.e. attorneys, title
companies). Ensures the documents requested for loan structures and
collateral types are appropriate. Is knowledgeable of products and
their requirements. May participate in management of commercial
tickler system; may include setup of monitored items, updating, and
providing exception reporting to Relationship Manager and
Management. Participates in internal and external training to
maintain knowledge of Bank products; attends operational and
exception meetings and keep abreast of all credit policies and
changes. Performs job responsibilities in accordance with
established service level agreements. QUALIFICATIONS To perform
this job successfully, an individual must be able to perform each
essential duty satisfactorily. The requirements listed below are
representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with
disabilities to perform the essential functions. EDUCATION and/or
EXPERIENCE High School diploma or equivalent and three plus (3+)
years' banking experience required. Strong understanding of credit
products, documentation terminology, vendor documents and searches,
lien perfection and the document preparation system. Exhibits solid
knowledge of applicable local, state and federal regulations, bank
policies and procedures, and has the ability to meet deadlines
under pressure. OTHER SKILLS & REQUIREMENTS Must demonstrate
ability to work effectively in a fast paced, production environment
and have strong organizational skills, time management skills and
strong attention to detail. Strong interpersonal skills including
oral and written communication and problem solving a must.
Proficiency with personal computers and related software packages.
Computer skills essential, including Word and Excel and Outlook.
Experience with PowerPoint beneficial. Requires initiative and
solid judgement with oral/written communication skills including
facilitation. Ability to prioritize work and remain adaptable under
pressure. Able to travel as required. LANGUAGE SKILLS Ability to
read, analyze, and interpret general business periodicals,
professional journals, technical procedures, or governmental
regulations. Ability to effectively present information and respond
to questions from groups of managers, clients, customers and the
general public. MATHEMATICAL SKILLS Ability to add, subtract,
multiply, and divide in all units of measure, using whole numbers,
common fractions, and decimals. Ability to compute rate, and
percent and to draw and interpret bar graphs. REASONING ABILITY
Ability to solve practical problems and deal with a variety of
concrete variables in situations where only limited standardization
exists. Ability to interpret a variety of instructions furnished in
written, oral, diagram, or schedule form. PHYSICAL DEMANDS While
performing the duties of this job, the employee is regularly
required to walk and talk or hear. The employee frequently is
required to stand and sit. The employee is occasionally required to
use hands to finger, handle, or feel; reach with hands and arms;
and stoop, kneel, crouch, or crawl. The employee must frequently
lift and/or move up to 50 pounds. Specific vision abilities
required by this job include close vision. WORK ENVIRONMENT The
work environment characteristics described here are representative
of those an employee encounters while performing the essential
functions of this job. Reasonable accommodations may be made to
enable individuals with disabilities to perform the essential
functions. The noise level in the work environment is usually
moderate. If you are a current FIB employee, please apply through
the Career Worklet in the Employee Portal.
Keywords: First Interstate Bank, Boise , Commercial Loan Closer I, Other , Boise, Idaho
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