Commercial Loan Closer

Brief Overview of Position

The Loan Operations Commercial Closer is responsible for ensuring all commercial loans originated in the bank are closed in accordance with the loan approval and in accordance with the Bank’s credit policy requirements. The loan closer collects and reviews all entity and collateral due diligence, engages the deal team to ensure loan documentation is consistent with the loan approval, and coordinates the final closing and funding activities in the loan cycle.  The loan closer serves as the point of contact and process driver throughout the loan origination process, through funding and booking. 

Responsibilities

• Manage and lead the coordination of commercial loan closings from term sheet to initial funding and booking, including complex credits such as participations and syndications, by interfacing with internal business partners, clients, title companies, attorneys, syndicate bank members, and other third-party vendors and consultants.
• Responsible for reviewing loan documentation against the formal credit approval and ensuring documents comply with current bank, federal and state policies as well as legal standards and system functionality.
• Collect, review, and analyze due diligence required to close a commercial loan - including but not limited to, entity documentation, UCC searches, flood determinations, appraisal, environmental reports, insurance, title, survey, and all required documentation based on collateral type.
• Coordinate and prepare loan packages for closing utilizing wet signatures and/or DocuSign.
• Engage attorneys as needed and ensure the flow of information between the borrower, bank, and attorney firm.
• Responsible for booking closed loans to ACBS, our loan system of record.
• Manage post-closing requirements, weekly past due and maturing loan reports.
• Obtain and transmit original loan documents and review and clear all loan collateral exceptions.
• Assist Relationship Managers with processing renewals and modifications on applicable loans in the commercial loan portfolio.
• Establish and maintain effective relationships with customers, business partners and team members to ensure an exceptional client experience.
• Assist management with various operational duties and responsibilities.
• Assist with special projects, as necessary.
• Other duties may be assigned.
• Abide by Texas Capital Bank policies, procedures, and regulatory compliance guidelines.

The duties listed above are the essential functions, or fundamental duties within the job classification.  The essential functions of individual positions within the classification may differ.  Texas Capital Bank may assign reasonably related additional duties to individual employees consistent with standard departmental policy.

Qualifications

• Required – Minimum 3 years commercial loan closing experience.
• Required – Ability to manage multiple loans at one time in order to meet critical closing deadlines.
• Required – Prior commercial loan closing experience to include due diligence requirements around commercial collateral and entity documentation. Demonstrated expertise in reviewing and interpreting of all types of loan documentation and lien perfection for attorney and internally prepared documents.
• Required – Ability to interface effectively and build and maintain positive working relationships with executive management, clients, attorneys, title companies, third party consultants and handle confidential information with discretion.
• Preferred – Degree preferred, but commensurate work experience will be strongly considered
• Preferred – ACBS system knowledge

Additional Requirements/Skills you would like to add?

• Superior oral and written communication skills
• Proven history as a self-starter who can add value by driving process related decisions while working independently with a minimum amount of supervision.
• Strong change management skills and ability to work at a consistently changing pace.
• High attention to detail
• Ability to obtain, analyze and synthesize information as well as multi-task under pressure.
• Ability to communicate at all levels of the organization
• Ability to manage a high volume of deadline driven work in a fast-paced environment
• Ability to readily identify needs and requirements, and establish plans and processes to ensure successful results.
• Superior client service skills/attitude.
• Excellent problem-solving and critical thinking skills.
• Proficient knowledge of Outlook, Word and Excel.

The duties listed above are the essential functions, or fundamental duties within the job classification.  The essential functions of individual positions within the classification may differ. Texas Capital Bank may assign reasonably related additional duties to individual employees consistent with standard departmental policy.Texas Capital is an Equal Opportunity Employer.