Preparation of loan documentation in accordance with Credit Union Policies for loan closing and verification that all pre-closing conditions have been satisfied. Coordination and scheduling of closings. Managed the documentation and closing needs of a diverse, complex portfolio of commercial real estate loans, including construction, portfolio and syndicated transactions of an individualized nature. Review and understanding of commercial banking and commercial real estate loan terms and financial components; identified potential problems and solutions. Engaged, managed and directed external counsel to prepare loan documents. Verified all post-closing conditions have been met in a timely manner. Communicated back to Commercial Loan Manager when proposed requirements or approvals for the loans cannot be met; offered/recommended an alternative scenario to close the loan. Possession of the ability to recognize issues and problems and an ability to ensure a high quality and quantity of work is completed.

Review loan approval request to ensure proper authorities; ensure all required conditions have been met prior to loan closing; receipt and review of due diligence items; compliance with regulations and internal loan policy; prepare documents; review attorney prepared documents. Assisted three Relationship/Portfolio Managers with a 500 plus note portfolio of commercial and real estate loans of various risk grades, including loans in default, litigation and foreclosure. Assisted Relationship Managers with the collection of information and processing of loan modifications, risk grade changes, and renewals of loans in various states subject to policies developed from FDIC loss-share agreement, and assisted in problem loan management and collection activities through review of past due reports. Prepared, reviewed and processed loan renewals, monitoring of payments, manual postings on the bank’s loan system, assisting in early contact with past due clients to ensure payment, and bringing potential collection issues to the awareness of the Relationship Manager. Addressed all compliance issues, cleared exceptions, managed insurance and real estate tax issues, completed disbursement requests and assisted in preparation of various audits and exams. Completion of Certified Business Services program.

Complete analysis of business loan applications for commercial loans under $100,000; review business loan package submitted, including credit bureaus, business bureaus, collateral; work with underwriters and underwriting manager to reach decisions on loan applications; communicate decision on loans to relationship managers.

Review loan approval request to ensure proper authorities; ensure all required conditions have been met prior to loan closing; receipt and review of due diligence items; compliance with regulations and internal loan policy; prepare documents; review attorney prepared documents; upload loans to loan system.

Managed 100 – 120 loans per month. Close, fund and post close all loans in pipeline; calculated appropriate closing costs; reviewed title commitments; prepared loan documents; coordinated closings with brokers; processors, title companies and attorneys for successful closings.

Prepared initial disclosures, Regulation Z and RESPA disclosures, final disclosures and loan documents for loan closings. Calculated appropriate closing fees. Reviewed title commitments, appraisals, flood certifications and loan documents post-closing. Coordinated loan closings with outside counsel and title companies. Prepared Change in Terms Agreements and documentation packages for loan modifications. Maintained status reports for loan closings and modifications. Communicated with clients and loan account officers.

Reviewed title commitments, policies, mortgage loan documents, contracts, credit reports, amortization schedules, homeowner’s insurance policies, appraisals, trusts, wills and payment histories. Prepared assignment and endorsements of loan documents. Coordinated loan closings with outside counsel.

Monitored judicial and non-judicial foreclosures, bankruptcies, evictions and contested litigation. Prepared monthly status reports. Monitored payments from borrowers in bankruptcy. Reviewed and approved legal bills from outside counsel. Negotiated consent orders with outside counsel. Prepared satisfactions and assignment of mortgages. Determined appropriate claim settlements. Enforced insurance policy terms and conditions. Authorized resale of property pre/post foreclosures. Authorized deeds-in-lieu of foreclosure, loan modifications and assumptions. Communicated and coordinated with lenders, brokers and other interested parties.

Prepared foreclosure packages, delinquency reports for receiverships and private mortgage insurance. Prepared default letters for commercial and residential loans. Coordinated Texas foreclosures litigation tracking and documentation requests. Maintained foreclosure, bankruptcy and receivership progress reports and inventory of all active and inactive loan files.