Commercial Loan Closing Officer

Responsible for coordinating, preparing, reviewing, and closing Commercial & Industrial (C&I) and Small Business Administration (SBA) loan transactions. Ensures all closing requirements are satisfied, collateral is properly perfected, loan documentation is accurate, and transactions comply with bank policy, regulatory requirements, and approved loan terms.

About Servbank:

Founded in 1994, Servbank is a banking institution with local roots and national reach. We were built on a foundation of community-orientation, which ensures that no matter who we serve, we do so with the human touch that marks the gold standard of service. We work with individuals, businesses, and communities, so that whether you’re a student, a homeowner, a small business owner, or a community leader, we can help you fulfill your goals. Come create excellence with Servbank.

Essential Duties & Responsibilities

• Coordinate and manage the closing process for C&I and SBA loan transactions from approval through funding.

• Review loan approvals, commitment letters, and credit documentation to ensure all closing conditions have been met.

• Prepare and review loan closing packages for accuracy, completeness, and compliance with approved loan structures.

• Facilitate communication among lenders, borrowers, attorneys, title companies, and other third parties to ensure timely closings.

• Coordinate commercial real estate closings, including review of title commitments, surveys, insurance, and closing documentation.

• Review, verify, and perfect various forms of collateral, including:

o Commercial and residential real estate

o UCC collateral filings

o Deposit accounts

o Stock and investment account collateral

o Life insurance assignments

o Equipment and other business assets

• Ensure proper lien perfection and collateral documentation in accordance with bank policies and regulatory requirements.

• Prepare and file UCC financing statements, amendments, continuations, and terminations.

• Review organizational documents, authority documentation, and legal opinions for business entities.

• Verify compliance with SBA loan program requirements and documentation standards.

• Coordinate loan funding and boarding activities with operations and accounting teams.

• Maintain complete and accurate loan files and collateral records.

• Resolve documentation exceptions and post-closing issues in a timely manner.

• Support internal and external audits, loan reviews, and regulatory examinations.