Commercial Closing Specialist II

19 Jun 2024

Vacancy expired!

Req ID: R0061477The position is described below. If you want to apply, click the Apply button at the top or bottom of this page. You'll be required to create an account or sign in to an existing one.Need Help?If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email toAccessibilityor call 877-891-2510 (accommodation requests only; other inquiries won't receive a response).Regular or Temporary:RegularLanguage Fluency: English (Required)Work Shift:1st shift (United States of America)Please review the following job description:This role can be based in/near: Atlanta (GA), Raleigh, Greensboro, Charlotte (NC), Richmond (VA) or Miami (FL)Responsible for fulfillment of commercial loans, reviewing files and collecting information for adherence to regulatory, compliance, policies and procedures for all due diligence, legal documentation, funding, booking and lien perfection items. Act as a liaison between front line, credit approvers, attorneys, title agents, third party vendors and other internal departments to ensure an accurate and timely closing while maintaining the ban’s risk and controls.Essential Duties and ResponsibilitiesLead communication with key members of the commercial front line as well as credit partners and other internal partners toensureconsistent application of the Bank’s procedures and processes.

Responsible for efficient delivery of services to internal and external clients for all related activities including, but notlimitedto, due diligence processing, documentation processing, closing, funding and post-closing functions.

Support the commercial lending process by producing legal and supporting documentation required for closing various types of commercial transactions through timely and accurate input to internal systems.

Manage documentation risk by ensuring documentation isincompliance with credit approval, secure a valid lien, and confirm that all pre-closing requirements are satisfied.

Manage documentation quality to ensure it meets or exceeds Bank’s exception rate goal by identifying required loan documentation for various loan types and pledged collateral, consistently monitor exception activity and provide timely follow-up and clearing of exceptions.

Provide clear verbal and written communication to third parties, (e.g. internal lines of business, attorneys, insurance agents), as needed.

Facilitate external loan closings (e.g. attorney closing), process executed loan documentation for booking, accurately disburse loan proceeds, secure lien positions and submit completed loan packages to Loan Services in a timely manner.

Provide superior service to internal clients by taking ownership of client needs and requests and following through toensuretimely and accurate resolution.

Keep up to date on Truist’s regulatory and compliance policies and procedures as well as footprint states legal requirements.

QualificationsRequired Qualifications: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.Strong organizational skills and the ability to handle multiple tasks independently under tight time constraints

Ability to manage a queue of 17-25 deals with various product types, requirements and documentation deadlines

Intermediate commercial credit knowledge including loan closings, legal documentation and exceptions

Proficiency in reviewing title work, surveys, collateral, lien filings, appraisals and environmental reports

Knowledge of commercial loan systems

Post-Secondary education, or equivalent work experience

Prior experience or knowledge of loan closing and lending regulatory requirements

2-7 years experience in banking, finance, credit operations, loan consultation or administration

2-7 years experience in the execution of legal documentation and associated processes

Demonstrated effective verbal and written communication skills for the purpose of explaining the loan closing process, funding, booking, exceptions and associated legal documentation to internal, external clients and appropriate counsel

Preferred Qualifications:Bachelor’s degree or certificate in related field

Experience in all loan closing components including documentation, approvals, exceptions and administration

Professional license or specialized training in escrow, title, real estate, government programs (SBA and EXIM), and specialized lending programs

Truist supports a diverse workforce and is an Equal Opportunity Employer who does not discriminate against individuals on the basis of race, gender, color, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Drug Free Workplace.EEO is the Law Pay Transparency Nondiscrimination Provision E-Verify© 2017 SunTrust Banks, Inc. All rights reserved.SunTrust is federally registered service marks of SunTrust Banks, Inc.

Full-time
  • ID: #43318834
  • State: Georgia Atlanta 30301 Atlanta USA
  • City: Atlanta
  • Salary: USD TBD TBD
  • Showed: 2022-06-19
  • Deadline: 2022-08-18
  • Category: Et cetera