BBVA Compass

  • Commercial Loan Funder/Closer II

    Job ID
    2019-119636
    Site Name
    TX-DALLAS-DOUGLAS BUILDING
    Category
    COMMERCIAL BANKING
    FLSA Status
    NON-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 funding related functions. Ensure funding is in compliance with loan documentation, loan availability, and LMS prior to processing advances/ongoing disbursements. Obtain proper approvals for out-of-compliance fundings. Responsible for payments for payoffs, payoff quotes, invoice processing, and all maintenance in compliance with process and procedures. Ensuring all original loan documents, trailing documents and related documentation are properly logged and properly placed in mail bag daily. Support team by providing a variety of due-diligence and documentation review functions.  Remain up to date on all policies, procedures and training.   Identify and address and/or elevate issues and exceptions with Manager.  Mentor other staff members within the Funding Desk.

     

    Key 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.

    Qualifications

    Minimum Qualifications:

     

    • Associates degree in Business Administration or an equivalent of 4 years of professional experience
    • 4 years in Commercial and Industrial loan documentation and closing.
    • 4 years within a financial institution and/or law firm with some experience working with Commercial and Industrial credits.

     

    Desirable Qualifications:

     

    • General Banking experience in one or more of these areas is highly desired- loan closing, loan administration, loan funding and/or booking, loan documentation, or loan/collateral review.
    • Knowledge/experience in processing deposits, payments, general ledger/account entries.
    • A combination of experience in two or more of these areas–legal, loan closing, loan administration, loan documentation, loan review, audit or compliance.
    • In-depth 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.
    • In depth knowledge of Real Estate transactions for all types of property including title policies, survey’s, appraisals, etc.
    • In depth knowledge of Letters of Credit, financial covenants, government entities, utilities, transportation, manufacturing, and agricultural.
    • Balancing of account entries.
    • Detail Oriented.
    • Must be able to identify loan documents and lien perfection documents.
    • Ability to handle stress and prioritize multiple tasks while meeting time-sensitive deadlines.
    • Focus on meeting strict deadlines while maintaining a high level of accuracy.
    • Must be able to communicate effectively and professionally with management, peers, and customers.

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