Please reference the schedule and minimum qualifications listed below before applying.

If you need assistance with filling out our application form or during any phase of the application interview or employment process please notify our Human Resources Team at option 1 or email and every reasonable effort will be made to accommodate your needs in a timely manner.

Job Summary

Job Description

LOCATION

Mountain America Center - In Office:

9800 S Monroe St
Sandy UT 84070

SCHEDULE

Full Time

To be effective an individual must be able to perform each job duty successfully.

Loan closing duties account for approximately 60% of the workday:
Works with commercial loan officers underwriters borrowers brokers title companies insurance agents attorneys and other third parties to coordinate package document and fund highly complex structured CRE loans for MACUs most important members which may include multiple borrowers (TICs) multiple guarantors trusts and generally the largest loan balances of $15 million.
Has an expert understanding of CRE loan documentation and operates in accordance with the policies procedures and guidelines of the company and business units.
Has an expert understanding of 1031 Exchange rules including Reverse 1031 Exchanges.
Has an expert understanding of business tax returns personal tax returns schedule K-1s financial statements and rent rolls.
Understands and demonstrates a high level of written communication relating to loan file documentation memorandums and all forms of written communication.
Reviews approved credit memos and loan files to prepare closing needs lists to satisfy all subject to requirements of the approval properly documents the loan file and ensures loans are closed/funded according to approval documents and MACU policy with no supervision.
Communicates with commercial title companies to clear exceptions and other collateral issues to ensure MACU has appropriate lien positions on all real estate collateral.
Prepares and files all UCC searches and filings to ensure MACU has appropriate lien positions on all UCC collateral.
Prepares all loan documents including trust deeds notes borrower certifications beneficial ownership borrower resolutions and loan specific documentation.
Prepares memorandums modifications and administrative actions on any loans that may be assigned.
Processes and reviews IRS tax returns for accuracy.
Manages and prepares payoff quotes reconveyances of trust deeds partial releases and collateral releases during refinances on existing loans.
Ensures accurate records are maintained in loan files including lien perfections.
Ensures loan ticklers and covenants are properly documented and maintained.
Tracks and clears all post-closing documentation when applicable.
Responsible for reviewing boarding requesting wires approving other closing specialists wires and funding CRE loans.
Prepares assigned origination and closing related reports in a timely and efficient manner.
Reviews professional real estate appraisals to validate collateral accuracy and track income approach calculations.
Ensures regular communication through the origination process with loan officers underwriters management and members.
Provides superior customer service both internally and externally with respect to commercial loans.
Is generally able to manage fifteen or more loan files at a given time.
Coordinates with the Business Specialty Lending team which includes commercial construction business line of credit and commercial line of credit and assists with loan documents checklists needs lists title closing and other duties as needed.
Works together with all teams to accomplish monthly quarterly and annual goals.
Performs other duties as assigned.

Team Lead responsibilities accounting for approximately 40% of the workday:
Performs booking audits on loans by all Commercial Closing Specialists to ensure loans are booked in the core system and loan origination system correctly.
Assigns approved loans to team members.
Serves as a backup administrator for software and vendors utilized by the closing specialists team and maintains strong working knowledge to make updates and manage user rights.
Reviews and provides feedback to all Commercial Closing Specialists in relation to file documentation file reviews and memorandums.
Leads projects and coordinates processes for efficiencies.
Assists commercial leadership on training developing and working with individual closing specialists to improve closing skills and proficiencies.
Provides training for new team member process and procedural updates.
Coordinates with SBA closing team and leadership to ensure closing processes are aligned and to improve proficiencies.
Performs loan document reviews for all closing specialists prior to releasing documents for loan closings.
Coordinates with the LOS Administrator and other department subject matter experts on updates relating to loan processing and document software updates/changes.
Assists Commercial Leadership with monthly reporting.

KNOWLEDGE SKILLS and ABILITIES
The requirements listed are representative of the knowledge skills and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.

Experience
Seven years loan closing experience in a progressive financial setting working in a commercial lending setting preferred.

Education
Equivalent to a four-year college degree or equivalent experience.

Managerial Responsibility
Has no supervisory/managerial responsibilities.

Computer/Office Equipment Skills
Advanced skills with Microsoft Office Suite including Outlook Word and Excel.
Experience with loan origination systems preferred.
Experience with loan documentation software preferred.
Experience with Symitar preferred.

Language Skills
Excellent oral communication skills with demonstrated ability to present information in a manner appropriate for key stakeholders and all levels of the organization.
Excellent writing and grammatical skills relating to preparing addendums memorandums and all forms of written communication.

Other Skills and Abilities
Unquestioned personal and professional integrity.
Ability to work both autonomously and collaboratively in a fast-paced environment.
Utilize a keen understanding of team members strengths workloads and expertise to efficiently delegate tasks while ensuring a balanced distribution of responsibilities.
Possess strong personal accountability with the ability to hold team members accountable.
Self-starter with excellent organization and time management skills and the ability to work productively and efficiently in a fast-paced environment with multiple projects and timelines.
Adaptive to change responds positively to altered circumstances or conditions.
Possess a desire and willingness to learn and continually update knowledge base on financial concepts strategies systems etc.
Take initiative to be a problem solver and provide suggestions to improve processes and efficiencies.

PHYSICAL ABILITIES / WORKING CONDITIONS

Physical Demands
Ability to sit talk and hear consistently
Ability to stand walk and use hands to handle or reach occasionally

Vision Requirements
Close vision (clear vision at 20 inches or less)
Distance vision (clear vision at 20 feet or more)

Weight Lifted or Force Exerted
Ability to lift up to 10 pounds occasionally

Environmental
There are no unusual environmental factors (such as a typical office)

Noise Environment
Moderate noise (business office with computers and printers light traffic)

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Mountain America Credit Union is an EEO/AA/ADA/Veterans employer.