BBVA Compass

Comml Loan Funder Closer I-II

Job ID
2017-110878
TX-DALLAS-DOUGLAS BUILDING
Category
COMMERCIAL BANKING
US-TX-DALLAS
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 the more complex 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.  Provide input for process improvements and serve as SME’s for the department.

 

Daily responsibilities include the following:

 

  • 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
  • Identify any loan documentation and lien perfection issues and resolve appropriately
    • Compare documents and discuss discrepancies with underwriter and loan officer for resolution.
    • Offer alternative solutions for problem resolution making appropriate decisions or escalating when necessary.
    • Serve as mentor to less experienced staff and assist with training, procedures enhancements and knowledge sharing.
    • Participate in projects and act as SME’s for testing and/or special assignments
    • Handle the more complex loan transactions including those with multiple Borrowers/Guarantors/Grantors.
    • Provide assistance with rush requests when needed.
    • Assist other closer’s when workload requires.

Qualifications

Minimum Qualifications:

Associates degree in Business Administration or an equivalent of 2 years of professional experience in the field.  Minimum of two years commercial loan closing experience (asset based lending and/or real estate).

 

Desired Qualifications:

 

  • 4 years in Commercial and Industrial loan documentation and closing.
  • 4 years within a financial institution and/or law firm with extensive experience working with Commercial and Industrial credits, specifically documentation and funding.
  • Paralegal experience is a plus.
  • 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.
  • Must be able to identify loan documentation and lien perfection issues and resolve appropriately.
  • Ability to handle stress and prioritize multiple tasks while meeting time-sensitive deadlines while providing top quality customer service.
  • Focus on meeting strict deadlines while maintaining a high level of accuracy.

Must be able to communicate effectively and professionally to all levels within the organization to include peers and executive managem

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