Commercial Loan Coordinator II

FLSA Status

• Non-Exempt

Job Summary

The Commercial Loan Coordinator (CLC) will work with the Commercial Relationship Manager and their client to provide an efficient loan closing experience. Under the direction of the Commercial Loan Documentation Manager, the CLC will act as the primary point of contact for all parties during the commercial loan closing process, requesting the necessary documentation and third-party due diligence to ensure all loan approval conditions and documentation standards are met.  Upon completion of all necessary pre-work, the CLC will prepare the appropriate loan documentation for closing, subject to final review by the commercial closing teams. As with all parts of the position, the goal of the Commercial Loan Coordinator will be to deliver on the Dart Bank niche of “Fast & Reliable, Relationship Banking.”

Job Duties

• Upon receipt of new loan approvals (new money & renewals) from the CLDM, the Commercial Loan Coordinator will complete a review of the approval document and provide a pre-closing checklist to the CRM and Borrower detailing all items necessary for loan closing transaction to be finalized.  
• Will order and / or monitor delivery of third-party due diligence such as title work, insurance, UCC statements, flood certificates, etc.  
• Coordinate with various teams to ensure that appraisals, environmental due diligence, pre-closing construction reviews are completed within agreed upon timelines.    
• Will request the appropriate documentation from the client and guarantors to substantiate corporate authorities, etc.  
• Prepares Beneficial Ownership forms for review and execution by the client.
• Once all necessary pre-closing requirements are met, the Commercial Loan Coordinator will prepare the necessary loan documents to complete the loan transaction.     
• If necessary, the CLC will work their manager or the Commercial Loan Operations Officer to have outside counsel prepare a loan closing package to Bank standards.
• Submits the finalized loan closing package to the commercial closing teams for review and final clear to close authorization.    
• Delivers a closing packet to the Commercial Relationship Manager via traditional or electronic means for closing with all necessary items to complete the loan transaction.
• Processes all loan advances, funding, and wires upon successful loan closing.  
• Prepares a complete post-closing package for delivery to Commercial Loan Servicing team for them to board, track, and image the transaction into the core record keeping systems.  This may include completing regulatory required documentation, HMDA / CRE, etc.
• Maintains high levels of transparency regarding delivery expectations and remaining items necessary.
• Adheres to all company policies and procedures, all Federal and State laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
• Other duties as assigned.

Essential Functions

• To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed in this job description are representative of the knowledge, skills, and abilities required. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions of the position.

Qualifications

• Education
  • High School or equivalent.
• Experience
  • 2-5 years previous experience with loan documentation preferred.
• Skills
  • Strong critical thinking and customer service skills.

Supervised By

• Commercial Loan Documentation Manager             

Supervises   

• None

Management retains the discretion to change this job description at any time.

Who We Are

Dart Bank is a community bank, serving our community since 1925.  We specialize in providing financial services, but we are passionate about serving the community and building real relationships with people.  Dart Bank provides innovative financial services for both personal and business banking, consumer and mortgage loans, commercial loans and lines of credit, merchant credit card processing, investment services and more. Our array of products and services and our longstanding history within our communities shows we care about what matters most for our customers and we are there for them for the most important times in their lives.  Dart Bank. For What Matters Most. 

We offer:  

• Medical Benefits
• Dental
• Vision
• 401(K) Plan with Employer Matching
• Employee Stock Ownership Plan (Profit Sharing)
• Paid vacation & sick time
• Flexible scheduling
• Employee Assistance Program
• Dart Bank University

Dart Bank is committed to providing equal opportunity in employment, maintaining a diverse workforce, and prohibiting all forms of unlawful discrimination and harassment. 

All employment decisions, policies, and practices, in terms of the recruitment process and other conditions and privileges of employment, will comply with applicable federal, state, and local anti discrimination laws.  The Company seeks, employs, promotes, and compensates qualified individuals based on ability, as demonstrated by performance and other legitimate nondiscriminatory factors, without regard to race, color, religion, national origin, citizenship, ancestry, sex (including sexual orientation, gender expression, and gender identity), age, physical or mental disability, pregnancy, genetic information, military status, veteran status, or any other protected status under federal, state (in Michigan: marital status, familial status, height, weight, and misdemeanor arrest record), or local law (individually and collectively, “Protected Class”).  This employer participates in E Verify and will provide the federal government with your Form I 9 information to confirm that you are authorized to work in the United States. If E Verify cannot confirm that you are authorized to work, this employer is required to give you written instructions and an opportunity to contact Department of Homeland Security (DHS) or Social Security Administration (SSA) so that you can begin to resolve the issue before this employer can take any action against you, including terminating your employment. This employer can only use E Verify once you have accepted a job offer and completed Form I 9. 

Technology & Workspace Requirements  

Dart Bank is committed to supporting flexible work arrangements when they align with business and position requirements. Remote and hybrid work are privileges that carry additional responsibilities and workspace requirements to ensure employees can effectively and securely perform their job duties. 

To support our technology and security standards, employees are required to have a modern smartphone capable of supporting company authentication and communication applications.

Employees in remote or hybrid roles will be provided with a computer, monitors, docking station, keyboard, and mouse to perform their work. Employees must maintain a work environment that supports the effective performance of their job duties, including a reliable high speed internet connection with minimum speeds of 25 Mbps download and 5 Mbps upload.