Loan Closure function is responsible for ensuring that all necessary tasks and requirements are completed before a loan can be considered closed. Some of the key responsibilities of the Loan Closure function supports the activities of include: Reviewing loan documentation for completeness and accuracy, Verifying loan terms and conditions, Coordinating with various stakeholders during the loan closing process, Ensuring regulatory compliance with applicable laws and regulations, Conducting a final audit of the loan file, Preparing closing statements and coordinating disbursement of loan proceeds, Recording liens and releasing collateral as necessary, Post-closing monitoring and reporting of loan performance.<br/>
