Loan Closing-Senior

Senior Loan Closing Specialist

Salary $80,000-$120,000

Position Summary:
The Senior Loan Closing Specialist is responsible for the closing of loans associated with Carver’s 
suite of loan products including but not limited to commercial loans, C&I, micro-loans, lines of 
credit, secured cash access loans, MTA loans, participations, purchased loans, and sold loans. This 
role ensures that loan data is accurately entered in Carver’s loan origination database ensuring 
that all loan documents are collected and compiled into loan files in accordance with Carver’s 
standards. Key internal partners include the Lending, Credit, Portfolio Management, Audit, and 
Compliance departments.

Essential Duties and Responsibilities Loan Closings (60%)
•  Collect loan submission paperwork from Loan Officers.
•  Acts as single point of contact (SPOC) between outside counsel, lending officers and 
customers.
•  Prepare and execute loan file document checklists for all loan originations.
•  Gather all loan documents and prepare loan files.
•  Trackgood faith deposits and disbursements of these deposits.
•  Generate and deliver third party credit reports.
•  File UCC-1 and UCC-3 paperwork for assignments and terminations.
•  Perform CIP and CDD and validate prerequisites before closing a loan.
•  Supply BSA Department with CIP customer information, i.e., OFAC, Applications, ID’s and loan 
documents.
•  Generate adverse action and declined loan letters for Commercial and Retail loan 
requests.
•  Submit check requisitions to Accounting for payment to various third-party vendors.
•  Prepare wire transfers for loan advances and repayments and ensure all pre-funding requirements 
are met prior to closing.
•  Ensure new loan files are prepared and eligible for FHLB pledging (when applicable).
•  Establish and maintain a thorough knowledge of all Carver loan products and investor 
requirements to ensure quality closing packages and potential salability into the market.
•  Initiate environmental review (phases I, II, and III) as necessary.
•  Determine escrow or holdback balances and establish related accounts through retail.

Compliance, Quality Control and Other Duties (40%)
•  Prepare loan file document checklists for loan pool purchases and other tasks, 
including:
o File ordering and stacking
o Review of calculations for escrow requirements
o Assist with the preparation of legal documents, good-bye, and welcome letters, and UCC 
assignments
•  Gather all purchased loan documents and prepare loan files (both hard copy and digital)
•  Perform pre-closing review of loan settlement disbursement agreement and CAM.
•  Review loan files for completeness and accuracy prior to closing.

•  Generate Jack Henry/Sageworks reports for Portfolio Management Loan Review tracking and Lending 
Department workflow monitoring.

Background and Experience:
•  Minimum Associates Degree or equivalent related business experience.
•  Minimum of 5 years of experience in loan origination or administration.
•  Strong communications skills and the ability to communicate effectively verbally and in 
writing.
•  Excellent organizational, time management, and analytical skills.
•  Strong attention to detail.
•  Able to read and understand credit approval terms and conditions.
•  Knowledge of commercial real estate, construction, business, SBA, residential and consumer 
mortgage loan processing and loan documentation.
•  Knowledge of lien perfection and collateral release processes.
•  Knowledge of State, Federal and general banking compliance requirements, and 
regulations.
•  Knowledge of Jack Henry and Sageworks loan systems.
•  Excellent Microsoft Excel & Word skills.
•  Familiarity with all phases of loan processing.