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Closing Specialist III

Truist
United StatesRemotefull_timeVerifiedPosted 30 May 2025

About the role

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Regular or Temporary:

Regular

Language Fluency:  English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Responsible for fulfillment of commercial loans, reviewing files and collecting information for adherence to regulatory, compliance, policies and procedures for all due diligence, legal documentation, funding, booking and lien perfection items. Act as a liaison between front line, credit approvers, attorneys, title agents, third party vendors and other internal departments to ensure an accurate and timely closing while maintaining the bank’s risk and controls.

Essential Duties and Responsibilities

1.    Lead communication with key members of the commercial front line as well as credit partners and other internal partners to ensure consistent application of the Bank’s procedures and processes.
2.    Responsible for efficient delivery of services to internal and external clients for all related activities including, but not limited to, due diligence processing, documentation processing, closing, funding and post-closing functions.
3.    Support the commercial lending process by producing legal and supporting documentation required for closing various types of commercial transactions through timely and accurate input to internal systems. Manage documentation risk by ensuring documentation is in compliance with credit approval, secure a valid lien, and confirm that all pre-closing requirements are satisfied.
4.    Manage documentation quality to ensure it meets or exceeds Bank’s exception rate goal by identifying required loan documentation for various loan types and pledged collateral, consistently monitor exception activity and provide timely follow-up and clearing of exceptions.
5.    Provide clear verbal and written communication to third parties, (e.g. internal clients, attorneys, insurance agents), as needed.
6.    Facilitate complex and/or specialized external loan closings (e.g. attorney closings, tax exempt, government bonds, SBA), process executed loan documentation for booking, accurately disburse loan proceeds, secure lien positions and submit completed loan packages to Loan Services in a timely manner.
7.    Provide superior service to internal clients by taking ownership of client needs and requests and following through to ensure timely and accurate resolution.
8.    Keep up to date on Truist’s regulatory and compliance policies and procedures as well as footprint states legal requirements.

Qualifications

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1.    Strong organizational skills and the ability to handle multiple tasks independently under tight time constraints
2.    Advanced commercial credit knowledge including loan closings, legal documentation and exceptions
3.    Advanced proficiency in reviewing title work, surveys, collateral, lien filings, appraisals and environmental reports
4.    Knowledge of commercial loan systems
5.    Ability to manage a queue of 20-35 deals with various product types, requirements and documentation deadlines
6.    Ability to mentor, coach and/or train peers on all aspects of commercial processes, systems and procedures
7.    Post-Secondary education, or equivalent work experience
8.    Prior experience or knowledge of loan closing and lending regulatory requirements for large financial institutions
9.    Minimum 7 years experience in ban

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Company

Truist

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