Share

CLA Closing Coordinator

  POSITION SUMMARY

The position’s role is responsible for accurately facilitating all loan-closing activities and maintaining a courteous and beneficial liaison between customers, Relationship Managers and other outside professionals.  Job performance is evaluated on accuracy, timeliness, productivity and customer satisfaction. 

  MAJOR JOB RESPONSIBILITIES

 

Prepares and reviews pre-closing documentation for commercial lending and/or commercial real estate construction and permanent loans.  This includes organization     of files, review of the closing documents for accuracy, assuring receipt of all required   closing documentation and compliance and satisfaction of all closing conditions and covenants.  Is responsible for loan set-up including completion of load sheets,       calculation of required escrows, reserves and prepaid interest, preparation of general ledger debit and credit entries and initiating wire transfers.

 

30%

 

Coordinates and acts as a liaison with attorneys, Relationship Managers and other        professionals to schedule and ensure closing takes place in a timely fashion.

 

25%

 

Sets up loan files in accordance with standard department procedures; coordinates related closing responsibilities with Loan Administrator.  Prepares and processes post-closing

documents and reports for input to the Bank’s systems.

 

20%

Maintains loan closing reference procedures to guide and regulate closings, modifications and conversions.

 

10%

Assists in daily department responsibilities including customer inquiries and problem solving.

 

10%

Prepares and processes department reports including pipeline and closing reports.  Verifies OFAC and Patriot Act information and related duties as required.  Reviews              mortgage discharges for accuracy. 

 

5%

 

SUPERVISORY RESPONSIBILITIES

       None.                                                                                                                    

 

SKILLS AND TRAINING

       Extensive knowledge of Commercial Loan closing and ability to apply such

       knowledge.

       Ability to communicate clearly and effectively in both written and spoken scenarios

       Ability to manage heavy workflow, resolve problems with modest supervision, attend to detail

       and perform arithmetic calculations.

       Proficient with software and systems programs.(Microsoft Office) Knowledge of Laser Pro document preparation a plus.

  EDUCATION

       Bachelor’s degree

  WORK EXPERIENCE

       5 or more years loan closing experience

  LICENSES AND/OR CERTIFICATES

        Licenses and Certifications                                                              Expiration Date

           None

       

WORKING CONDITIONS

       Work is mainly performed in a normal office environment.  Noise levels are usually moderate.

HAZARDS

       The hazards are mainly those present in a normal office setting.

 

 

This job description may not be all-inclusive.  Employees are expected to perform other duties as assigned and directed by management.  Job descriptions and duties may be modified when deemed appropriate by management.

 

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.


About Provident Bank

For more than 180 years, Provident Bank has served individuals, families, and businesses in our local communities with personal and business banking services.

Volunteering is a Way of Life

Our brand promise - “Commitment you can count on” - supports the investments we make in the community and donations made by our employees. It’s a promise also reflected in the volunteerism of our employees, who lend time and talent and countless hours to assist hundreds of organizations and thousands of people and animals each year.

Why do we love it?

  1. We get to volunteer in areas that are meaningful to the bank and impactful in the community.
     
  2. Through generous contributions, we have raised over $28,000 in 2018. No item or donation is too small; we find a home for it all.