BankUnited
Commercial Loan Closing Officer II - OPX (Remote)
BankUnited, Florida, New York, United States
Commercial Loan Closing Officer II - OPX (Remote)
Base pay range: $65,000.00/yr - $85,000.00/yr
Summary The Commercial Loan Closing Officer (LCO) is responsible for handling all C&I, CRE, SBA and Loan Origination System (LOS) Originated loan activities including direct, purchased, sold, and syndicated deals. Activities include but are not limited to: coordinating and executing closing of direct, sold, purchased and syndicated deals, ensuring loan documents accurately reflect approved terms, managing closing conditions, working with business partners on fees, setting up transactions in the loan system, determining when a loan is "clear to close," performing due diligence searches, updating shared document repositories, and generating transaction notices for participant banks.
Essential Duties and Responsibilities
Pre-Closing and Due Diligence (55% of time):
Receive and review approved CAM packages for closing conditions, lending authority, and lien perfection requirements.
Ensure complex transactions are set up correctly in the loan system.
Coordinate fees with the deal team, including commitment, arranger, skimming, and administration fees.
Confirm and satisfy "Conditions to Close" by completing the Closing Memorandum Worksheet.
Order required due diligence items such as flood determinations.
Confirm receipt of satisfactory due diligence, including insurance certificates, OFAC clearance, and environmental reports.
Act as liaison with partners to ensure closing requirements are understood and satisfied.
Satisfy pre-closing conditions, including collateral LTV calculations and insurance adequacy.
Resolve non-credit deficiencies and, when necessary, escalates to appropriate parties.
Resolve credit-related deficiencies in collaboration with underwriter/portfolio manager and credit officer.
Loan Documentation (25% of time):
Engage attorneys from the Bank’s Approved Attorney List or in-house counsel to prepare loan documents.
Review loan documents to ensure they reflect the approved deal and protect the Bank’s interests.
Participate in document uploads for syndicated deals.
Ensure rate options are properly documented and aligned with loan system requirements.
Facilitate final document review and determine readiness for execution.
Closing and Funding (15% of time):
Reconcile fees for third‑party vendors and update the Loan Origination System accordingly.
Issue the "Clear‑to‑Close" when all pre‑closing conditions are met, with authority to delay closing if needed.
Coordinate closing date, time, and venue with all parties.
Review executed documents after closing to ensure proper execution.
Initiate funding of loan proceeds and provide a Clear to Fund to Bank counsel.
Forward executed documents to Loan Servicing for booking and tracking.
Post‑Closing Activities (5% of time):
Assist Loan Administrator in resolving tracking items such as insurance expirations and rate type changes.
Adhere to applicable federal and state laws, including anti-money laundering regulations.
Follow Bank policies and complete required training.
Identify and report suspicious activity.
Education and Experience Education: Bachelor’s Degree or equivalent related experience required.
Experience: 4-6 years prior experience in a loan operations or loan closing environment required.
Knowledge, Skills, and Abilities
Strong understanding of C&I and CRE commercial loan products.
Thorough understanding of common vendor documents (title work, appraisals, flood determinations, lien searches, etc.) and related ordering, receipt, and review procedures.
Strong understanding of loan documentation, collateral evaluation, and lien perfection requirements.
Demonstrated time management and organizational skills with the ability to meet deadlines under pressure.
Solid interpersonal skills and ability to establish and maintain working relationships inside and outside the Bank.
Strong negotiation, verbal, and written communication skills.
Self‑starter who can work without direction and independently solve problems.
Strong computer skills with knowledge of MS Office (Excel, Word, Outlook, etc.).
Additional Information
Candidates residing in locations within BankUnited’s footprint may be given preference.
Seniority Level Mid-Senior level
Employment Type Full‑time
Job Function Finance and Sales
Banking
Referrals increase your chances of interviewing at BankUnited by 2x.
Get notified about new Commercial Officer jobs in
Hialeah, FL .
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Summary The Commercial Loan Closing Officer (LCO) is responsible for handling all C&I, CRE, SBA and Loan Origination System (LOS) Originated loan activities including direct, purchased, sold, and syndicated deals. Activities include but are not limited to: coordinating and executing closing of direct, sold, purchased and syndicated deals, ensuring loan documents accurately reflect approved terms, managing closing conditions, working with business partners on fees, setting up transactions in the loan system, determining when a loan is "clear to close," performing due diligence searches, updating shared document repositories, and generating transaction notices for participant banks.
Essential Duties and Responsibilities
Pre-Closing and Due Diligence (55% of time):
Receive and review approved CAM packages for closing conditions, lending authority, and lien perfection requirements.
Ensure complex transactions are set up correctly in the loan system.
Coordinate fees with the deal team, including commitment, arranger, skimming, and administration fees.
Confirm and satisfy "Conditions to Close" by completing the Closing Memorandum Worksheet.
Order required due diligence items such as flood determinations.
Confirm receipt of satisfactory due diligence, including insurance certificates, OFAC clearance, and environmental reports.
Act as liaison with partners to ensure closing requirements are understood and satisfied.
Satisfy pre-closing conditions, including collateral LTV calculations and insurance adequacy.
Resolve non-credit deficiencies and, when necessary, escalates to appropriate parties.
Resolve credit-related deficiencies in collaboration with underwriter/portfolio manager and credit officer.
Loan Documentation (25% of time):
Engage attorneys from the Bank’s Approved Attorney List or in-house counsel to prepare loan documents.
Review loan documents to ensure they reflect the approved deal and protect the Bank’s interests.
Participate in document uploads for syndicated deals.
Ensure rate options are properly documented and aligned with loan system requirements.
Facilitate final document review and determine readiness for execution.
Closing and Funding (15% of time):
Reconcile fees for third‑party vendors and update the Loan Origination System accordingly.
Issue the "Clear‑to‑Close" when all pre‑closing conditions are met, with authority to delay closing if needed.
Coordinate closing date, time, and venue with all parties.
Review executed documents after closing to ensure proper execution.
Initiate funding of loan proceeds and provide a Clear to Fund to Bank counsel.
Forward executed documents to Loan Servicing for booking and tracking.
Post‑Closing Activities (5% of time):
Assist Loan Administrator in resolving tracking items such as insurance expirations and rate type changes.
Adhere to applicable federal and state laws, including anti-money laundering regulations.
Follow Bank policies and complete required training.
Identify and report suspicious activity.
Education and Experience Education: Bachelor’s Degree or equivalent related experience required.
Experience: 4-6 years prior experience in a loan operations or loan closing environment required.
Knowledge, Skills, and Abilities
Strong understanding of C&I and CRE commercial loan products.
Thorough understanding of common vendor documents (title work, appraisals, flood determinations, lien searches, etc.) and related ordering, receipt, and review procedures.
Strong understanding of loan documentation, collateral evaluation, and lien perfection requirements.
Demonstrated time management and organizational skills with the ability to meet deadlines under pressure.
Solid interpersonal skills and ability to establish and maintain working relationships inside and outside the Bank.
Strong negotiation, verbal, and written communication skills.
Self‑starter who can work without direction and independently solve problems.
Strong computer skills with knowledge of MS Office (Excel, Word, Outlook, etc.).
Additional Information
Candidates residing in locations within BankUnited’s footprint may be given preference.
Seniority Level Mid-Senior level
Employment Type Full‑time
Job Function Finance and Sales
Banking
Referrals increase your chances of interviewing at BankUnited by 2x.
Get notified about new Commercial Officer jobs in
Hialeah, FL .
#J-18808-Ljbffr