Loan Closing Specialist II

City National Bank • Los Angeles, CA

11d • $29 - $46

About The Position

The Loan Closing Specialist (LCS) is responsible for the completion of due diligence associated with the commercial loan documentation and closing process. The LCS works from the instructions of the Regional or Industry Closing Managers. The LCS will be the primary data entry person within nCino and will be responsible for reviewing the boarding activity within AFS and Collate to ensure accurate boarding of loans. They will also be responsible for communicating accurately and timely the funding information to the funding team.

Requirements

• Bachelor's Degree or equivalent
• Minimum 3 years' experience in Commercial Banking required.
• Minimum 2 years' experience with closing loans.

Nice To Haves

• Project Management skills, ability to prioritize tasks and adapt to changing priorities
• Organizational and time management skills
• Recommended experience: Prior closing experience, credit experience or understanding of experience
• Understanding of bank policies and procedures relating to the satisfaction of loan closing conditions, documents, and services

Responsibilities

• Interacts and communicates daily with Regional Closing Manager (RCM) or Industry Closing Manager (ICM) to ensure requirements are understood and met.
• Works with RCM or ICM to review loan documents and identify shortfalls.
• For internally prepared and attorney prepared loans, communicates to RCM or ICM that their tasks have been completed.
• Participates in the review of loan documents and notifies RCM or ICM of any issues or changes.
• Conducts initial review of Credit Approval Memo and loan documents and identifies discrepancies. Escalates to RCM or ICM for resolution.
• Review Boarded deals for accuracy
• Participates in Quality Control testing of Outside Counsel documents
• Work with CLO in the boarding and funding of loans
• Interacts and communicates daily with RCM or ICM to ensure requirements are understood and met.
• Works with RCM or ICM to review loan documents and identify shortfalls.

Benefits

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level