Commercial Loan Closing Coordinator II
Coordinate and manage SBA, business banking, and middle market loan closings. Competitive salary, strong benefits package, supportive company culture. Extensive closing experience required.
Responsibilities and Daily Workflow
The Commercial Loan Closing Coordinator II is essential for precise, timely loan closing processes. You will prepare, review, and organize loan documentation across SBA, business, and middle market portfolios.
Tasks include ensuring all documentation is received, accurate, and compliant, alongside conducting due diligence and resolving closing conditions and covenants.
This position also requires managing loan setup such as input sheets, calculation of escrows, reserves, prepaid interest, and coordinating funding and wire transfers.
Interaction with attorneys, relationship managers, and other professionals is crucial for successful, on-schedule closings.
Additionally, you will consistently update closing reports, assist with post-closing coordination, and maintain accurate, up-to-date loan files.
Ventajas clave
One of the standout benefits is the competitive pay between $26 and $33 per hour, rewarding your expertise and experience in commercial loan closings.
This is a full-time, mid-level role with excellent career advancement potential, offering healthcare, paid time off, and retirement plans as part of a comprehensive benefits package.
Major Drawbacks
The role can be demanding due to strict compliance requirements and the need to juggle numerous tasks simultaneously, which may lead to a high-pressure environment at peak times.
Limited supervision means individuals must be self-driven and comfortable managing workflow and deadlines with minimal guidance, which may not suit everyone.
Nuestro veredicto
For professionals with significant commercial loan closing experience seeking a stable, well-compensated full-time position with growth opportunities and outstanding benefits, this opening is worth serious consideration.
The demands are balanced by the company’s longstanding reputation and a supportive team environment, making it a strong next step for your career in finance.
