Collateral Jobs in Illinois (NOW HIRING)

Responsible for coordinating, preparing, reviewing, and closing Commercial & Industrial (C&I) and Small Business Administration (SBA) loan transactions. Ensures all closing requirements are satisfied, collateral is properly perfected, loan documentation is accurate, and transactions comply with bank policy, regulatory requirements, and approved loan terms.

About Servbank:

Founded in 1994, Servbank is a banking institution with local roots and national reach. We were built on a foundation of community-orientation, which ensures that no matter who we serve, we do so with the human touch that marks the gold standard of service. We work with individuals, businesses, and communities, so that whether you’re a student, a homeowner, a small business owner, or a community leader, we can help you fulfill your goals. Come create excellence with Servbank.

Essential Duties & Responsibilities

• Coordinate and manage the closing process for C&I and SBA loan transactions from approval through funding.

• Review loan approvals, commitment letters, and credit documentation to ensure all closing conditions have been met.

• Prepare and review loan closing packages for accuracy, completeness, and compliance with approved loan structures.

• Facilitate communication among lenders, borrowers, attorneys, title companies, and other third parties to ensure timely closings.

• Coordinate commercial real estate closings, including review of title commitments, surveys, insurance, and closing documentation.

• Review, verify, and perfect various forms of collateral, including:

o Commercial and residential real estate

o UCC collateral filings

o Deposit accounts

o Stock and investment account collateral

o Life insurance assignments

o Equipment and other business assets

• Ensure proper lien perfection and collateral documentation in accordance with bank policies and regulatory requirements.

• Prepare and file UCC financing statements, amendments, continuations, and terminations.

• Review organizational documents, authority documentation, and legal opinions for business entities.

• Verify compliance with SBA loan program requirements and documentation standards.

• Coordinate loan funding and boarding activities with operations and accounting teams.

• Maintain complete and accurate loan files and collateral records.

• Resolve documentation exceptions and post-closing issues in a timely manner.

• Support internal and external audits, loan reviews, and regulatory examinations.

• Bachelor's degree in Business, Finance, Accounting, or related field preferred; equivalent experience considered.

• 3+ years of commercial loan closing experience, preferably with C&I and SBA lending.

• Strong understanding of commercial loan documentation, collateral perfection, and closing processes.

• Experience coordinating commercial real estate loan closings preferred.

• Working knowledge of SBA lending requirements and procedures preferred.

• Experience with loan documentation systems such as LaserPro preferred.

• Experience with core banking platforms such as Fiserv preferred.

• Knowledge of UCC filings, lien perfection, title review, and collateral management.

Skills & Competencies

• Excellent verbal and written communication skills.

• Strong organizational and time management abilities with exceptional attention to detail.

• Ability to manage multiple transactions and deadlines simultaneously.

• Strong problem-solving and analytical skills.

• Ability to work independently while collaborating effectively with lenders, attorneys, borrowers, and operations teams.

• Proficiency in Microsoft Office applications, including Word, Excel, and Outlook.

• Commitment to accuracy, regulatory compliance, and outstanding customer service. Preferred Qualifications

• Experience with complex commercial lending structures and syndicated credit facilities.

• Working knowledge of commercial title insurance, escrow processes, and real estate closing practices.

• Understanding of banking regulations, loan operations, and collateral administration best practices.

EEO Statement:

We’re an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.