Full-Time

Senior Commercial Loan Closing Specialist

Asset Based Lending Deal Closer

Updated on 1/9/2025

Wells Fargo

Wells Fargo

10,001+ employees

Provides banking, mortgage, and investment services

Fintech
Financial Services

Mid, Senior

Charlotte, NC, USA + 1 more

More locations: Irving, TX, USA

Hybrid schedule requires at least 3 days a week in office.

Category
Commercial Banking
Finance & Banking
Requirements
  • 4+ years of Commercial Loan Closing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
Responsibilities
  • Lead a variety of pre-close activities for moderately complex to complex commercial loans, including coordinating all aspects of loan closings.
  • Review and negotiate complex legal documentation, evaluate risks, develop strategies to mitigate documentation risk and identify procedural modifications.
  • Facilitate the closing and funding of new loan transactions including participations and loan restructures.
  • Serve as a liaison to business divisions, underwriters, prospective clients, insurance brokers, attorneys, banks, letter of credit contacts and cash management contacts.
  • Organize legal documents, internal documents and post-closing items.
  • Coordinate funding logistics for new financings, participations and complex restructures.
  • Review cash management arrangements; modify cash management structures, including preparation and negotiation of cash management agreements and set-up of accounts.
  • Collect, review and negotiate acceptable insurance certificates and endorsements.
  • Facilitate the issuance of letters of credit.

Wells Fargo provides a variety of financial services, including banking, mortgages, investments, credit cards, and personal and commercial financial solutions. The company serves individual consumers, small businesses, and large corporations, offering customized services to meet diverse financial needs. Its products work through a combination of physical branches, ATMs, and online and mobile banking platforms, allowing customers to access their accounts and manage their finances conveniently and securely. Unlike many competitors, Wells Fargo has a broad range of specialized services, such as financial planning and wealth management, which cater to clients with different financial goals. The company's goal is to enhance customer success by continually improving its services and maintaining a strong focus on security and innovation.

Company Stage

IPO

Total Funding

$222.1M

Headquarters

San Francisco, California

Founded

1851

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Simplify's Take

What believers are saying

  • Increased focus on digital banking solutions enhances customer engagement and service efficiency.
  • The rise of sustainable finance creates opportunities for green investment products.
  • Blockchain integration enhances security and efficiency in cross-border transactions.

What critics are saying

  • Increased competition in the credit facility market may impact Wells Fargo's market share.
  • Pressure to offer sustainable financing options due to competitors securing green loans.
  • Competitive refinancing environment could affect Wells Fargo's profitability.

What makes Wells Fargo unique

  • Wells Fargo offers a wide range of tailored financial solutions for diverse clients.
  • The company leverages a robust online and mobile banking platform for customer convenience.
  • Wells Fargo's extensive branch and ATM network enhances its service accessibility.

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Benefits

Health Insurance

401(k) Retirement Plan

Paid Vacation

Paid Sick Leave

Parental Leave

Disability Insurance

Life Insurance

Tuition Reimbursement

Commuter Benefits

Adoption Assistance