What are the responsibilities and job description for the Sr. Loan Closing Coordinator position at Bridgewater Bank?
We are seeking an experienced Sr. Loan Closing Coordinator to provide closing and funding management of a diverse loan portfolio to ensure all loan documentation and funding is accurate and in compliance with internal and external policies and regulations.
RESPONSIBILITIES:
- Completes Pre-Closing review of commercial loan file for items that support loan closing, which may include title/UCC search, title policy, flood certificates, proof of insurance or other due diligence information from various sources and prepare reports and/correspondence as appropriate.
- Review of organizational documents to identify entity structure and signers.
- Review Loan Approval to ensure terms are documentable, serviceable and follow bank policy, lending practices and regulatory statutes.
- Collaborate with external legal counsel to review and validate all loan-related documents. Identify discrepancies, request revisions, and confirm final documentation aligns with Loan Approval and BWB standards.
- Manage closing process which includes verifying all required information is obtained, reviewed and signed off on, approval of final loan documentation, coordination with third parties, balancing closing statement.
- Manage closing pipeline that may include SBA loan processing and complex loan structures, such as SWAP Agreements, Master Agreements, Master Developments, Tax Increment Financing (TIF), Tax Revenue Pledges, Forward Commitments, Acquisitions, etc.
- Assemble and organize loan files electronically, complete audit checklist and file original documents per bank policies and procedures.
- Proactively monitor compliance tracking system to ensure lien is recorded timely and financial information required in the loan documentation is received.
- Mentor and develop loan closing team on bank products, policy, procedures, regulatory requirements, and lending practices.
QUALIFICATIONS:
- 5 - 7 years of commercial loan processing and/or documentation experience
- SBA processing experience preferred
- Strong oral and written communication skills
- High attention to detail and in-depth knowledge of rules, regulations and policies relating to loan documentation
- Bachelor’s degree preferred
ABOUT BRIDGEWATER BANK:
Picture yourself at one of the Twin Cities’ best places to work, surrounded by people who challenge you, support you, and inspire you to be your best. Welcome to Bridgewater Bank.
We’re on a mission to be the finest entrepreneurial bank in the Twin Cities. Like true entrepreneurs, we run fast and lean. We are in constant evolution and the runway for personal and professional growth is long. People are our strength, and that’s why we’ve created and sustained an award-winning culture that promotes growth and celebrates the big and little wins along the way.
At the end of the day, we believe competitive salaries, top-tier benefits, a hybrid work model, and transparency into the business is a given. Working together toward something meaningful with people you enjoy, is just a bonus! Will you join us?
COMPENSATION & BENEFITS:
The typical annual base pay range for this role is between $63,700 - $75,200. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.
Bridgewater Bank provides a broad offering of competitive benefits including (but not limited to):
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Parental leave
- 401(k) with employer match
- Paid vacation & paid holidays
PLEASE NOTE:
The above is intended to describe the general content of and requirements for this position. It is not to be construed as an exhaustive list of duties, responsibilities, or requirements. It is Bridgewater Bank’s policy to promote equal employment opportunities. All personnel decisions, including, but not limited to, recruiting, hiring, training, promotion, compensation, benefits and termination, are made without regard to race, creed, color, religion, national origin, sex, age, marital status, sexual orientation, gender identity, citizenship status, veteran status, disability or any other characteristic protected by applicable federal, state or local law.
STATUS: Exempt
Salary : $63,700 - $75,200