What are the responsibilities and job description for the Commercial Loan Closing Specialist position at Huntington National Bank?
Description
This role is available within Huntington Bank Corporate office footprint.
Summary
The Commercial Loan Closing Specialist supports the Commercial Loan Officers in driving the closing process for commercial loan products, including documentation gathering, due diligence gathering and review; as well as loan funding. Acts as a control point ensuring adherence to bank policies and procedures and compliance with legal and regulatory requirements. Serve as a liaison with internal and external parties including operations, risk, and compliance, in-house and outside counsel. This position requires the ability to work independently with limited supervision.
Duties & Responsibilities
Yes
Workplace Type
Office
Our Approach to Office Workplace Type
Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Huntington will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses. Applicants must be currently authorized to work in the United States on a full-time basis.
Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.
This role is available within Huntington Bank Corporate office footprint.
Summary
The Commercial Loan Closing Specialist supports the Commercial Loan Officers in driving the closing process for commercial loan products, including documentation gathering, due diligence gathering and review; as well as loan funding. Acts as a control point ensuring adherence to bank policies and procedures and compliance with legal and regulatory requirements. Serve as a liaison with internal and external parties including operations, risk, and compliance, in-house and outside counsel. This position requires the ability to work independently with limited supervision.
Duties & Responsibilities
- This position is directly responsible for integrity of loan closing, due diligence, documentation, compliance, booking to system of record, and closing files for assigned customers and loans.
- Orders and reviews due diligence such as title commitments, flood determinations, insurance and other pre-closing items, and coordinates review with respective banker, outside counsel and title company. Completes funding, ensures all fees are collected (e.g. appraisal fees, commitment fees and other closing fees,) and prepares forms necessary to book loan on system of record.
- Responsible for clearing any outstanding post-closing items and collateral exceptions; works with Commercial Loan Servicing to resolve errors. Manages closing checklist and closing files via according to Business Segment standards.
- Requests and reviews closing documents to ensure the structure and terms of the loan conform to credit approval and bank policies and are appropriately completed prior to closing.
- This position develops and maintains relationships with bank attorneys and outside counsel, title companies, and other third parties .
- Acts as a control point ensuring adherence to bank policies and procedures and compliance with legal and regulatory requirements.
- Keeps informed of and communicates with assigned banking region all risk-related changes that may impact assigned work functions and processes.
- Follows, or in some cases establishes, as required, effective controls and processes to ensure risks are measured, monitored and controlled and compliance requirements are adhered to on an on-going basis.
- Performs other duties as assigned.
- Bachelor’s degree or Five (5) years of Commercial Banking experience
- Minimum of three (3) years' experience in understanding of Commercial Loan Documentation and collateral perfection
- Excellent customer service and interpersonal skills required.
- Must have excellent written and verbal communication skills including professional grammar and demeanor.
- Demonstrates confidence, assertiveness, professionalism, and ability to interact with all levels within the organization in a professional manner.
- Strong organizational skills with attention to detail, planning and follow-up.
- PC and internet proficiency required such as Microsoft Office and Sharepoint.
- Ability to work independently on multiple tasks without compromising quality.
- Prioritize high volume work flow.
- Accepting of change and capable of learning new processes.
Yes
Workplace Type
Office
Our Approach to Office Workplace Type
Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Huntington will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses. Applicants must be currently authorized to work in the United States on a full-time basis.
Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.