Cooperative Business Services LLC

Compensation

Full Description

Description: The CBS Difference Cooperative Business Services offers a comprehensive, end-to-end commercial lending solution that empowers financial institutions with cutting-edge software, expert services, and strategic business development resources. Additionally, we support borrowers by providing tailored business loans designed to fuel growth and success. With a focus on innovation and collaboration, CBS ensures seamless processes and enhanced opportunities for lenders and borrowers alike. At CBS, our goal is to set the standard for excellence in business lending. We strive to be the best — in our processes, in our service, and in the results, we help our clients achieve. We’re deeply committed to serving our partner credit unions and borrowers with integrity, precision, and a shared vision for sustainable growth. Join us on this journey as we continue to transform the future of commercial lending. Your Role in Our Success The Commercial Loan Closer is responsible for managing the end-to-end closing process for commercial loans, ensuring accuracy, compliance, and timeliness. This role serves as a critical liaison between internal teams, borrowers, attorneys, title companies, and other third parties to facilitate a smooth and efficient loan closing. This role reviews loan documents, coordinates funding logistics, and ensures all required conditions are met prior to disbursement, safeguarding the institution’s interests while delivering a high level of service. This position will be required to work the hours of 8:30-5:30 EST. • Draft and review commercial loan documents for accuracy and compliance • Coordinate simultaneous closings for both simple and complex loan transactions • Order and review title searches, commitments, and related documents • Collect and review due diligence materials (e.g., corporate documents, leases, subordination agreements) • Collaborate with underwriters to complete and verify due diligence • Maintain and update electronic checklists to track closing requirements • Organize and manage digital loan files for accuracy and accessibility • Communicate with internal teams, borrowers, attorneys, and third parties to ensure timely, accurate closings • Performs other related duties as assigned by management. Requirements: What You Bring to the Table • Associate or Bachelor degree in business administration, finance, paralegal studies, legal studies, real estate. • 3+ years of experience in commercial loan closing in credit unions or commercial banking. • 2+ years of direct SBA/504 loan closing experience • Excellent organizational skills with the ability to manage multiple transactions and deadlines simultaneously. • High attention to detail and accuracy in reviewing legal and financial documents. • Strong communication skills, both written and verbal, for working with internal teams and external stakeholders. • Proficiency in Microsoft Office Suite and experience with loan origination or document management systems. The Perks of Being with Us At Cooperative Business Services, we believe in creating an environment where you can thrive both personally and professionally. Here’s what you can look forward to as a valued member of our team: • Compensation: Base compensation for this role ranges from $24.04 - $28.85 Hourly • Remote Work Environment. (Preferred Time Zone: We are seeking candidates who are based in the Central Time Zone & Eastern Time Zone) • Generous Holidays: Take advantage of 13 paid holidays each year • Comprehensive Insurance Coverage: Choose from a selection of medical, dental, vision, and supplemental benefit plans to suit your needs. Additionally, the company provides company-paid Short-Term Disability (STD), Long-Term Disability (LTD), and life insurance equivalent to 1 time your salary. • 401(k) Plan: The company provides a generous matching contribution of up to 6%. • Tuition Assistance