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Wells Fargo
Senior Commercial Loan Closing Specialist
Career Insights for Loan Documentation Specialist
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Based on Virginia data
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What they do
A Loan Documentation Specialist reviews applications for loans and assists with the process of evaluating loans. Prepares, organizes and verifies the documents and reports required for a loan application. Monitors the loan application and approval process and may assist customers with loan payments. May specialize in mortgage, business or other types of loans.
$54,512 / year median in Virginia
-6% projected decline
Job Description
Senior Commercial Loan Closing Specialist 3.6 3.6 out of 5 stars 201 S Jefferson St, Roanoke, VA 24011 Full-time Wells Fargo 47,728 reviews Full-time About this role: Wells Fargo is seeking a Senior Commercial Loan Closing Specialist within the CIB Lending Operations (CIBLO) Division. This Agency Closer is responsible for coordination of agented deal closing, including new and amendments to existing deals. Engaging with the business to build deals in LIQ ahead of closing, execute on close and day of close money movement before handing the deal off to the servicing team for life of loan activity. In this role, you will: Lead a variety of pre-close activities for moderately complex to complex commercial loans, including coordinating all aspects of loan closings Accurately evaluate and upload data into the systems of record to ensure compliance with all bank policies, procedures, and regulatory requirements Document and coordinate legal activities for loan documentation that may also include documentation purchased from third party sources, with internal staff and the Corporate Legal group Work collaboratively with Credit, Sales and Legal regarding proper procedures and documentation requirements necessary to ensure accuracy with negotiated terms and ensure alignment with appropriate compliance standards Review and negotiate complex legal documentation, evaluate risks, develop strategies to mitigate documentation risk and identify procedural modifications Serve as an escalation point in the resolution of client issues Conduct quality reviews and monitor key performance metrics as related to efficiencies and effective processes Identify activities of the team to ensure conformity with established procedures Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals Interact with internal customers Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements