$21 - $31/hr
Full-time
Posted yesterday
Job description
Summary:
The Business Loan Closing Coordinator processes Business Banking small business loans in preparation for closing within expected service levels.
Duties and Responsibilities:
- Obtains all necessary collateral reports and information required to meet the terms and conditions of credit approval.
- Works with UCC secured, titled collateral, commercial real estate, construction, and public sector programs.
- Prepares all documentation necessary to properly close a small business loan.
- Ensures proper loan and collateral documentation by staying abreast of and interpreting various laws, regulations, policies and procedures of loan documentation.
- Performs other duties as assigned.
Basic Qualifications:
- High School Diploma or GED
- 1+ year(s) of due diligence and loan document preparation or analysis experience
Preferred Qualifications:
- Commercial Real Estate/loan experience.
- Paralegal Certificate, Associate Degree.
- Proficiency in Laser Pro or other software systems that generate commercial loan documentation.
- Experience with Business Banking loan document prep.
- Strong written and verbal communication as well as organizational skills.
- Excellent PC skills to include Microsoft Office software and Outlook, as well as knowledge of HNB mainframe systems.
- Ability to interact with internal customers to achieve positive results and work in a fast-paced, production environment.
Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Workplace Type:
OfficeOur Approach to Office Workplace Type
Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Huntington will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses. Applicants must be currently authorized to work in the United States on a full-time basis.
Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.
Other Helpful Pages Related To Business Loan Closing Coordinator
Sba Loan Officer Salaries
Frequently asked questions
Q: What skills or qualities help someone succeed as a Loan Coordinator?
A: To succeed as a Loan Coordinator, key technical skills include proficiency in loan origination software, strong knowledge of lending regulations and compliance, and excellent analytical skills to review and evaluate loan applications. Soft skills such as strong communication and interpersonal skills, attention to detail, and organizational abilities are also crucial to effectively coordinate with borrowers, lenders, and other stakeholders. By possessing these technical and soft skills, a Loan Coordinator can efficiently manage loan processing, ensure compliance, and build strong relationships, ultimately supporting career growth and effectiveness in the role.
Q: What is the career path for a Loan Coordinator?
A: A Loan Coordinator's typical career progression involves starting as an entry-level Loan Coordinator, where they assist in loan processing, documentation, and communication with borrowers. As they gain experience, they can move into mid-level roles such as Loan Assistant Manager or Senior Loan Coordinator, overseeing loan operations, managing teams, and analyzing creditworthiness. Ultimately, senior roles like Loan Operations Manager or Assistant Director of Lending may be attainable, where they can develop and implement loan policies, manage budgets, and drive business growth.\n\nKey opportunities for skill development and professional growth in this role include learning about loan products, credit analysis, risk management, and regulatory compliance, as well as developing strong communication, organizational, and leadership skills. \n\nLong-term career prospects for a Loan Coordinator may include transitioning into roles such as Commercial Lender, Credit Analyst, or even starting their own financial services business, depending on their interests and skills.
