Commercial Loan Coordinator
Dallas, TX, USA
Job Title: Commercial Loan Coordinator
Department: Commercial Lending / Loan Operations
FLSA Status: Non-Exempt / Exempt (depending on experience)
Job Summary
The Commercial Loan Coordinator plays a critical role in supporting the commercial lending process by coordinating loan documentation, managing closing workflows, and ensuring accurate and timely processing of commercial loan transactions. This position acts as a liaison between Relationship Managers, credit analysts, loan operations, attorneys, and clients to ensure smooth and compliant loan closings and ongoing loan administration.
Key Responsibilities
Loan Processing & Documentation
Coordinate the collection and verification of all documentation required for commercial loan closings, including term sheets, commitment letters, financials, and insurance.
Work with Relationship Managers and attorneys to ensure accurate and timely preparation of loan documents in accordance with credit approval.
Review executed loan packages for completeness and compliance with bank policy and regulatory requirements.
Loan Closing Support
Schedule and manage loan closings, ensuring all pre-closing conditions are satisfied.
Facilitate communication among internal stakeholders and external parties (e.g., title companies, legal counsel, appraisers).
Prepare funding memos and support accurate disbursement of loan proceeds.
Post-Closing Administration
Ensure loans are properly booked into the bank’s core system with accurate terms and documentation.
Scan and index final loan documents for archival in the bank’s document management system.
Track receipt of trailing documents such as recorded collateral documents, final title policies, and insurance certificates.
Client & Relationship Support
Provide administrative support to Relationship Managers and clients throughout the lending process.
Respond to client inquiries related to loan status, documentation, payments, and servicing needs.
Compliance & Risk Management
Maintain up-to-date knowledge of commercial lending regulations, documentation requirements, and internal policies.
Monitor workflows for exceptions and deficiencies; escalate issues to appropriate personnel.
Assist in audits, exams, and quality control reviews.
Qualifications
Education: Associate or Bachelor’s degree in Business, Finance, or related field preferred.
Experience: 2–5 years of experience in commercial loan operations, documentation, or loan servicing within a banking environment.
Skills:
Strong organizational skills and attention to detail
Excellent verbal and written communication abilities
Proficient with Microsoft Office (Word, Excel, Outlook) and loan processing systems
Ability to manage multiple priorities in a deadline-driven environment
Familiarity with commercial loan products, structures, and collateral types
Success Metrics
Timely and accurate loan closings
Compliance with internal and regulatory requirements
Client and banker satisfaction
Low rate of post-closing documentation exceptions
Effective coordination across internal and external parties