BBVA Compass

  • Commercial Loan Funder/Closer II-III

    Job ID
    2018-117180
    Category
    COMMERCIAL BANKING
    FLSA Status
    EXEMPT
    Type
    FULL TIME
    EOE Statement
    Equal Opportunity Employer - Minority/Female/Disability/Veterans.
  • Overview

    At BBVA, we are working to make banking better for everyone. That is where you come in. We are looking for smart, team oriented people who want to be part of a first-class workforce that gives people the tools they need to meet their financial goals, all while delivering an outstanding client experience. Learn more below.

    Responsibilities

    This position will handle Corporate Commercial and Industrial (C&I) and Wealth Management (WMG) loan documentation and closing related functions, and will be involved in initial fundings.  Support team by providing a variety of due-diligence and documentation review functions.  Review draft loan documents and address issues/concerns with attorneys, lenders and customers as needed. Remain up to date on all policies, procedures and training.   Identify and address and/or elevate issues and exceptions with Manager.  Ensure funding is in compliance with loan documentation and according to the Bank’s required policies and procedures.

     

    General Responsibilities:

    • Review all documents after booking to create Advance Templates for ongoing disbursement instructions according to loan approval and signed documentation.
    • Ensure request is in compliance with policy, documentation, and LMS requirements.
    • Assist closers in gathering and reviewing all due diligence items required according to collateral type and loan policy.
    • Properly document any policy and/or due diligence exceptions throughout the funding process.
    • Compare documents and discuss discrepancies with loan officer for resolution.
    • Obtain repetitive large wire notification forms when applicable.
    • Ensure all ‘subject to conditions’ are met or proper approval to waive is obtained.
    • Prepare funding of loan according to approved terms and conditions to include verification of signors, advance rates, and compliance with all loan agreement requirements.
    • Perform post close review to ensure loan payment/advance boarded onto the system accurately.
    • Handle all loan maintenance to include collateral releases, payoffs, payments, etc.
    • Maintain and respond to balance and control reports and adhere to all reporting requirements.
    • Process invoices in accordance with policies and procedures and reconcile past due invoices.
    • Review all documents to ensure compliance with federal/state regulatory requirements, and BBVA Compass’ credit policy before loans are closed.
    • Review the loan approval for accuracy and compliance with policy.
    • Order, review, and coordinate loan documents from attorney or internal documentation team.
    • Review and negotiate loan documents to ensure loan is documented as approved.
    • Gather and review all due diligence items required according to collateral type and loan policy.
    • Properly document any policy and/or due diligence exceptions throughout the closing/funding process.
    • Carefully review and approve any documents provided by Third Party Vendors, if applicable.
    • Compare documents and discuss discrepancies with underwriter and loan officer for resolution or escalate for assistance.
    • Prepare and review loan closing package and coordinate signatures to ensure all documentation was properly executed.
    • Ensure all ‘subject to conditions’ are met or proper approval to waive is obtained.
    • Prepare electronic booking work package and perform post close review to ensure loan boarded onto the system accurately.
    • Prepare funding of loan according to approved terms and conditions to include verification of signors, advance rates, and compliance with all loan agreement requirements..

     

    Qualifications

    • Associates Degree or 2 years of experience
    • 2 years in Commercial and Industrial loan documentation and closing.
    • 2 years within a financial institution and/or law firm with experience working with large Commercial and Industrial credits, specifically documentation and funding

    Desired Qualifications:

    • Paralegal experience is a plus.
    • A combination of experience in two or more of these areas is highly desired–legal, loan closing, loan administration, loan documentation, loan review, audit or compliance.
    • Knowledge of all types of commercial loan documentation, along with extensive knowledge/experience in perfection of liens in accounts receivable, inventory, equipment, vehicles, negotiable securities, aircraft, ship mortgages, etc.
    • Knowledge of Letters of Credit, financial covenants, government entities, utilities, transportation, manufacturing, and agricultural.
    • Familiar with owner occupied Real Estate transactions helpful.
    • Detail Oriented.
    • Must be able to identify loan documents and lien perfection issues and escalate for issue resolution.
    • Ability to handle stress and prioritize multiple tasks while meeting time-sensitive deadlines.
    • Focus on meeting strict deadlines while maintaining an acceptable level of accuracy.

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