Job Details

ESSENTIAL FUNCTIONS:

Closing and Disbursement Specialist II

Quality Control:

• Ensure review of Construction, Land Development, Residential, SBA, Commercial and Mortgage loans and Lease documents signed with all conditions met prior to funding/disbursement.
• Ensure file, credit memo, loan documents and escrow instructions are accurate and queued for funding/disbursement
• Serve as liaison between title and escrow officers, Bank and client attorneys, loan participation banks, appraisers, environmental firms, customers, various Bank department team members and others as needed.
• Review preliminary report and title policy exception/easements and legal descriptions for pre-closing and post-closing documents to ensure they meet and satisfy bank policy.
• Monitor the appraisal review, flood insurance, and other insurance requirements for loan pre-closing.
• Ensure all closing documents are in balance and fully compliant once loan is closed. Enter into loan tracking system for appropriate follow up.
• Work with department management team to follow up on internal audit and outside examination exceptions as needed.

Funding:

• Fund new loan packages via cashiers check, deposit, credit, or wire as required; disburse credit line funds to borrower's accounts (advances), after determining that proper protocol and authority has been met
• Prepare/Process and submit ACH and Wire fundings and disbursements for approval in a timely and compliant manner as needed.
• Issue payoff statements to Title Companies on construction and land development loans and ensure that repayments are processed accurately by the Loan Service Center.

Non-Essential Functions:

• Perform other duties as assigned.

MINIMUM QUALIFICATIONS

Knowledge, Skills and Abilities:

• Intermediate knowledge of Commercial Real Estate, Mortgage lending, Construction, SBA and Consumer loan closing and disbursement/funding methodology and procedures.
• Intermediate knowledge of regulatory compliance requirements.
• Intermediate knowledge and understanding SBA SOP.
• Skills operating a personal computer particularly Microsoft Office Suite (Word, Outlook, Excel) and Web/Internet usage.

Physical Requirements:

• Ability to stand, bend, stoop, sit, walk, twist and turn.
• Ability to lift up to 25 pounds occasionally.
• Ability to use a computer keyboard and calculator.
• Work environment is indoors, majority of the time is spent sitting at a desk.

Education and Experience:

A combination of education and experience equivalent to an associate's degree in business or related field; and/or knowledge typically gained through a minimum of two years of experience in Construction, Commercial, and/or Residential lending.

Compensation:

The hiring range for this position is $25.00 to $33.10 per hour. The salary offered will fall within this range commensurate with the candidate's applicable experience, education, and skills.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)