Iberia Bank Corporation

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Commercial Loan Closer - Kenner, LA

at Iberia Bank Corporation

Posted: 3/23/2019
Job Status: Full Time
Job Reference #: 1f3d9738-3ef2-4387-a9fd-a75ed2a00357
Keywords: loan

Job Description

SUMMARY:   Responsible for working independently on complex issues, while exhibiting a strong and solid understanding of loan documentation and closing procedures; corroborates with attorneys in reviewing loan documentation to reduce bank risk and ensure completeness and accuracy of all documents; ensures that all necessary documents and cancellation of documents have been filed within the proper agencies, (i.e. Clerk of Court, Coast Guard, and DMV). Produces Laser Pro documentation for in house closings, reviews collateral to ensure adequate insurance is obtained. Has authority to inform appropriate personnel that the loan cannot be closed until certain documents, authority, or insurance is received to ensure the loan is closed in accordance to the approval and the bank is adequately protected and collateral is perfected.      

ESSENTIAL DUTIES AND RESPONSIBILITIES:    
  
     Review all necessary loan documents, and work with outside counsel to ensure that all required documents are complete and accurate  
     Ensure adequate approval authority is obtained prior to closings  
     Identify and perform necessary pre-closing lien search duties  
     Ensure adequate insurance is obtained prior to closing; at times may have to inform the appropriate personnel that the loan cannot be closed until adequate insurance is received.  
     Confirm and verify all collateral values, i.e. stocks (if lost or stolen), agings, appraisals etc  
     Determine when documentation is in place and acceptable for closing a loan; at times may have to inform the appropriate personnel that loan cannot be closed until certain documents to protect the bank’s position are obtained  
     Assess the loan documentation relative to policy to determine if there is an exception and uses discretion and independent judgment to determine whether or not the exception is allowable  
     Review existing documentation for loan relationship with Bank for renewals and increases  
     Coordinate the preparation of necessary documents not produced by Laser Pro  
     Produce Laser Pro documents for in house closings.  
     Verify that all compliance issues have been addressed  
     Confirm that necessary documents and cancellation of documents have been filed with the proper record guardians, (i.e. Clerk of Court, Dept. of Motor Vehicles, etc.)  
     Ensure that necessary holds are placed on system for possessory collateral  
     Address and clear any collateral exceptions issued on loans closed  
     Assist in other duties and special projects as requested  

SUPERVISORY RESPONSIBILITIES:   No supervisory responsibilities      

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.   High school diploma or GED with 2-3 years of experience preferred or an equivalent combination of education/training and experience; detail oriented; possess excellent organizational and time management skills  

COMPUTER AND OFFICE EQUIPMENT SKILLS:   Email software (ex. MS Outlook) and Microsoft office suite of products, Laser Pro      

CERTIFICATES, LICENSES, REGISTRATIONS (Ex: CPA, Series 6 or 7 license, etc):   None