Iberia Bank Corporation
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Commercial Loan Closer - Kenner, LA
at Iberia Bank Corporation
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