What are the responsibilities and job description for the Pre-Closing Representative position at BankFirst Financial Services?
BASIC PURPOSE: This position is responsible for performing pre-closing reviews of consumer and selected commercial loans and determining conformance with documentation requirements as well as bank credit policy standards and approval requirements.
PRINCIPLE ACCOUNTABILITIES
- Verify loan documents required to support approved terms and conditions, including reviewing entity and collateral documentation, lending authorities, and adherence to terms, pricing and conditions approved by bank loan committees.
- Prepare documentation for all new, renewal and modified loans, utilizing the bank’s internal documentation software.
- Produce complete, accurate and enforceable loan document packages, including early disclosures, promissory notes, loan agreements, security agreements, financing statements, borrowing resolutions, and other necessary documents for assigned loans.
- Assist with third-party services, including UCC filings and searches, flood determinations, Secretary of State standings and other external documentation.
- Serve as resource to all bank lending personnel and loan support areas by providing guidance and/or consultation on any documentation, policy or procedural issue.
- Notify lenders of potential problems and make recommendations for resolution of problems or conflicts associated with loans and/or collateral.
- Participate in training sessions, webinars and/or projects relating to pre-closing and compliance.
- Provide support to Department Manager and assist with departmental training and the implementation of bank initiatives.
EDUCATION, EXPERIENCE, SKILLS
- Minimum of three (3) years of work experience in consumer and commercial loan documentation preferred.
- Broad knowledge in loan compliance and regulatory requirements, with strong understanding of loan documentation for consumer and commercial loans.
- Superior attention to detail and accuracy
- Strong written and oral communication skills
- Effective organizational and time-management skills
- Ability to handle heavy volumes of work under pressure in a deadline-driven environment.
- Proficient PC and technical skills necessary to perform related job duties.
- Excellent multi-tasking and prioritizing skills
BankFirst is an EOE, including vets/ disabilities.