Loan Closing Officer

Vermont Economic Development Authority - Montpelier, VT (25 days ago)


VEDA is seeking to hire a full-time Loan Closing Officer whose primary responsibilities will be to prepare agricultural, commercial and SBA loan documents for all VEDA loan programs; conduct closing and maintenance of closing documentation; assist in other servicing documentation and project related duties.

Essential Job Functions

  • Reviews credit analysis and commitment letter in preparation of loan documents.
  • Reviews real estate and personal property opinions, title insurance, corporate evidence, leases, contracts, insurance and permits provided by legal counsel and others.
  • Communicates with all parties, schedules and attends loan closing.
  • Provides assistance to attorneys, loan officers, borrowers and other lenders daily.
  • Drafts documentation for all Other Business, i.e., note modifications, consolidations, assumptions, consents, releases.
  • Maintains escrow accounts and disburses funds in a timely manner.
  • Maintains compliance of closed loans.
  • Inputs accounting database information.

Education/Experience

  • 7-10 years of experience within a legal setting; specialized paralegal and financial institution experience is beneficial.

Knowledge/Skills/Abilities

  • High-level of accuracy and attention to detail, proofing for content, grammar, spelling and typographical errors;
  • Strong written, verbal and visual communication skills;
  • Ability to multitask, prioritize, and perform under tight deadlines;
  • Knowledge of sound, effective loan closing/processing techniques;
  • Ability to effectively utilize Microsoft Word/Outlook/Excel software;
  • Ability to learn and maintain accounting and document management applications;
  • Proactive and self-motivated;
  • Perform special projects and assists other employees, as assigned;
  • Ability to work effectively within a team

Working conditions are in a standard office environment. The successful applicant must exhibit a desire to innovate, learn new tasks, and accept a changing and evolving workload. VEDA offers a competitive salary and benefits package and is an Equal Opportunity Provider and Employer.

Job Type: Full-time