Commercial Loan Closing Coordinator II
Opportunity for experienced coordinators to manage business loans, work with diverse documents, and join a team with robust benefits and career growth potential.
For those searching for an intermediate-level, full-time banking job, the Commercial Loan Closing Coordinator II offers hourly pay from $26 to $33. The role provides solid benefits such as healthcare, paid time off, and a 401(k) plan. This job appeals to experienced candidates seeking stability, growth, and the chance to make an impact in the loan processing field.
Core Duties and Daily Life
This position centers on managing and coordinating all aspects of commercial loan closings. Key responsibilities include reviewing and confirming all loan documentation, collaborating with attorneys and managers, and ensuring due diligence.
You measure accuracy by organizing files, calculating closings figures, and maintaining records. Timely, seamless execution is applauded, while multitasking and proactive updates are highly valued. The day-to-day also involves communicating with lenders and borrowers and keeping all parties aligned on progress.
After each closing, you follow up on documentation, work with the post-closing administrator, and make sure all compliance standards are met, resulting in successful finalization of loan accounts.
Additionally, you’ll handle queries, assist relationship managers, and support operational tasks as needed.
Key Benefits and Job Perks
A standout advantage of this job is the comprehensive benefits package. Team members enjoy health, dental, vision, disability insurance, and life insurance coverage.
Employee wellness is boosted with paid time-off, paid holidays, flexible savings accounts, and a 401(k) retirement plan. Tuition reimbursement and loan repayment programs support ongoing professional growth.
Potential Downsides
The role is fast-paced, with high expectations for precision and productivity. Managing a heavy workload with modest supervision may feel challenging for those who prefer more guidance.
Some applicants may find the minimum educational requirement limiting as a bachelor’s degree is only preferred, not required.
Final Verdict
The Commercial Loan Closing Coordinator II job is ideal for those with experience in commercial banking who value stability, well-rounded benefits, and a culture of accuracy. For candidates ready to lead, problem-solve, and grow, this role offers a strong foundation for progression in finance administration.