Old National Bank · 5 hours ago
Commercial Closing Specialist
Lake Elmo, MN
Full-time
Onsite
Entry, Mid, Senior Level
$18/hr - $29/hrOld National Bank has been serving clients and communities since 1834. They are seeking a Commercial Closing Specialist to provide loan processing support and coordinate all new money and renewal requests in the Commercial lines of business.
BankingFinancial ServicesWealth Management
Responsibilities
Provides an appropriate review of entity documents, appraisals, title insurance, UCC Searches and other required supporting documentation to ensure proper signor authorities and lien position
Must communicate effectively with other members of the Loan Fulfillment team, RMs, Banking Specialists, Credit Underwriters, in-house Legal Counsel, and Loan Operations to resolve any issues or questions
Requires a high level of decision-making capabilities and exception processing capability
Reviews and inputs loan submissions from RMs in CML including ownership, loan structure and compliance needs; responsible for complete and accurate data entry in CML
Communicates with the RM to gather additional information necessary to deem the application as complete and ready for underwriting
Completes loan pre-closing tasks including ordering appraisals, environment reports, and title/UCC searches; performs a detailed and thorough review of entity documents, title insurance, UCC searches, flood determinations, and other supporting documentation
Collaborates with RM to ensure all conditions precedent to closing required by credit are met
Reviews existing loan documents for accuracy and compliance with loan guidelines
Finalizes post-approval in CML
Communicates with underwriting, Line of Business Executives and Credit Administration to address policy exceptions
Utilizes Loan Guidelines and commercial procedures to ensure documents are prepared in accordance with approval document
Utilizes special loan software to produce accurate and complete loan documents
Prepares template documents outside of loan software (i.e. Rate Modifications & Due Date Changes)
Ability to prioritize large pipelines to ensure adherence to service level expectations
Exhibits flexibility in response to the changing banking environment
Ability to work in a fast-paced environment
Provides options and solutions when issues arise
Qualification
Required
Must communicate effectively with other members of the Loan Fulfillment team, RMs, Banking Specialists, Credit Underwriters, in-house Legal Counsel, and Loan Operations to resolve any issues or questions
Requires a high level of decision-making capabilities and exception processing capability
Number of years of progressive or multi-faceted support experience within Commercial, Wealth or Community verticals at a Bank (or other prior financial institution or related industry)
Depth and breadth in successful experience with providing high quality customer service by responding to telephone and email inquiries, other requests and resolving problems for both internal bank partners and/or external Commercial and/or Wealth or Community Bank clients
Excels and demonstrates effective time management skills to maximize the number of clients that can be assisted while maintaining a high level of customer service
Possesses thorough working knowledge of concepts, practices, policies and procedures of ONB banking products and services (or other prior financial institution or related industry)
Utilizes and relies on demonstrated knowledge and/or proficiency products, services, rates, terms, fees, applicable regulations and systems and procedures
Effectively ensures that each ONB client or internal partner has appropriate support focused on gaining customer longevity which is demonstrated by consistently going above and beyond to keep our clients at the center
Confidence and proven success in making decisions/resolving (complex or unique) situations as matters may be escalated
Aptitude or ability to assist in the training (and/or mentoring, coaching, or development) of new or existing team members within and outside of Client Services Commercial
Knowledge of loan documents and experience with loan processing
Highly organized with a strong attention to detail
Strong analytical and problem resolution skills
Excellent verbal and written communication skills
Must have experience working in a fast-paced office environment with service level expectations
Must be able to meet deadlines
Preferred
Must become proficient in the commercial online application system (CML) loan structuring guidelines, collateral requirements, due diligence items and banking processes is preferred, but not required
Associate or bachelor's degree preferred but not required
Knowledge of ONB loan policy and Commercial Guidelines preferred but not required
Benefits
Medical, dental, and vision insurance
401K
Continuing education opportunities
Employee assistance program
Company
Old National Bank
Old National Bank is a regional bank providing you with additional provides account choices, expanded convenience, and greater control.
Founded in 1834
1001-5000 employees
H1B Sponsorship
Old National Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (4)
2024 (5)
2023 (5)
2022 (5)
2020 (1)
Funding
Current Stage
Public CompanyTotal Funding
$400M2024-11-25Post Ipo Equity· $400M
1984-12-04IPO
Leadership Team
James Sandgren
CEO - Commercial Banking
Timothy Burke
President & Chief Operating Officer
Recent News
2026-01-13
2026-01-03
Company data provided by crunchbase