Loan Closing Officer

Vermont Economic Development Authority VEDA

Location: Montpelier

Type: Full Time

Education: High School Diploma / GED

Experience: 5 - 10 Years

Position Description

Title: Loan Closing Officer

Reports to: Director of Closing

Summary

Prepares loan documents and handles all aspects of closings for VEDA’s agricultural, commercial and SBA loan programs.

Essential Job Functions

• Review commitment letter in preparation of loan documents.

• Review real estate and personal property opinions, title insurance, corporate evidence, leases, contracts, insurance, and permits provided by legal counsel and others.

• Communicate with all parties, schedules, and attends loan closing.

• Assist attorneys, loan officers, borrowers, and other lenders daily.

• Input accounting database information.

• Perform special projects and assist other employees, as assigned.

Education/Experience

• Minimum of 5 years of experience within a legal setting or specialized paralegal. Financial institution experience is beneficial.

Knowledge/Skills/Abilities

• High-level of accuracy and attention to detail when proofing documents for errors.

• Strong written, verbal, and visual communication skills.

• Ability to multitask, prioritize, and perform under tight deadlines.

• Knowledge of and ability to execute sound, effective loan closing/processing techniques.

• Ability to effectively utilize Microsoft Word/Outlook/Excel software.

• Ability to learn and maintain core loan system and document retention/management applications.

• Proactive and self-motivated.

• Ability to work independently and effectively within a team.

 

Working Conditions

• Standard office environment.

• Some automobile travel throughout the State of Vermont to conduct loan closings.

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