Commercial Loan Closer/Funder

Job Title: Commercial Loan Closer/Funder
Job Type: Full-time
Location: Salt Lake City, Utah

All of us at Chartway stand united in our strong culture of listening and learning. We treat people with respect, integrity, and kindness, and are committed to continuously developing a diverse and inclusive workplace where team members are empowered to be their authentic selves. All backgrounds, viewpoints, and life experiences are welcome, knowing this commitment strengthens our credit union family and communities. 

Reporting to the Commercial Support Manager, the Commercial Loan Closer/Funder is responsible for preparing commercial loan closing documents, validating loan readiness, and executing funding activities while ensuring compliance with all applicable laws, regulations, Chartway policies, and quality standards. Serving as the final quality checkpoint prior to funding, this role applies technical expertise and sound judgment to ensure commercial loans close accurately, collateral is properly perfected, and members and business partners receive a seamless closing experience.

Responsible and Accountable for:

• Communicate with the Commercial Lending Team regarding the status of closing requests and verify all information required to fund commercial loans.
• Conduct the final review of commercial loan documentation to verify accuracy, completeness, regulatory compliance, and funding readiness prior to closing. Resolve documentation issues by coordinating with Commercial Loan Officers and Commercial Loan Processors to ensure all funding requirements have been satisfied.
• Prepare commercial loan closing document packages that accurately reflect approved loan terms and documentation requirements.
• Execute commercial loan funding and disbursement activities after validating documentation, funding requirements, collateral documentation, and all prior-to-close conditions have been satisfied.
• Board newly funded commercial loans to the core system, ensuring complete, accurate, and timely loan records.
• Balance loan transactions and process wire transfers accurately and within established service standards.
• Complete post-closing responsibilities, including UCC filings, post-UCC searches, collateral perfection, account funding, and verification that all post-closing documentation requirements have been completed.
• Ensure all documentation and funding activities conform to Chartway policies, procedures, regulatory requirements, and internal quality standards.
• Provide backup support to the Commercial Loan Servicing Specialist as business needs require.
• Perform other related responsibilities as assigned to support Commercial Operations.

Knowledge, Skills, and Abilities:

• Experience with a commercial loan origination system (LOS), including loan setup, document preparation, funding activities, loan boarding, modifications, and general ledger (GL) validation.

• Working knowledge of commercial lending systems, commercial loan closing, funding, collateral management, post-closing processes, and regulatory requirements, including: 

•Finastra LaserPro for commercial loan document generation
•Document imaging and electronic document management systems
•CoreLogic Flood or Lereta flood determination platforms
•Commercial loan boarding within Symitar
•NAICS coding, Call Report coding, and CRA classifications
•Commercial loan amortization schedules and payment structuring
•Collateral management, including UCC filings, mortgages, insurance tracking, covenant monitoring, and collateral perfection
•Tickler and tracking systems used to monitor post-closing documentation, exceptions, and servicing requirements
•OFAC, AML, KYC screening platforms
•Microsoft Teams, SharePoint, Adobe, and electronic signature platforms

• Demonstrates a strong understanding of the commercial loan closing and funding process, ensuring documentation, funding, collateral, and system records are accurate, complete, and compliant prior to disbursement.
• Exercises sound judgment while reviewing complex commercial loan documentation, identifying discrepancies, mitigating risk, and resolving issues before funding.
• Maintains exceptional attention to detail and accuracy while balancing multiple funding deadlines and competing priorities.
• Strong analytical, technical, and problem-solving skills with the ability to proactively identify issues, mitigate risk, and coordinate timely resolution.