This is a lead-level role responsible for accurately facilitating all commercial loan-closing activities and maintaining a professional liaison between customers, Relationship Managers, and outside professionals. Job performance is evaluated on accuracy, timeliness, productivity, and customer satisfaction. The incumbent may also act in a leadership role by training less experienced closers or handling specialized areas.
Key Responsibilities:
Prepare and review pre-closing documentation for commercial lending and commercial real estate construction and permanent loans. Ensure files are organized, documentation is accurate, and all closing conditions and covenants are met.
Set up loan files, complete loan sheets, calculate escrows, reserves, and prepaid interest, prepare general ledger entries, and initiate wire transfers.
Coordinate with attorneys, Relationship Managers, and other professionals to schedule timely closings.
Maintain loan closing reference procedures, post-closing documentation, and reports for Loan Servicing and Commercial Lending systems.
Assist with construction loan closings and attend pre-construction meetings.
Prepare and process monthly and ad-hoc reports, including Approvals In Process, Attorney Reports, and Closers Reports.
Verify OFAC and Patriot Act information and review mortgage discharges for accuracy.
Support daily department responsibilities, including customer inquiries and problem-solving.
Minimum Qualifications:
5+ years of experience in commercial loan or construction mortgage loan closings.
Strong knowledge of construction mortgage loan closing processes and compliance requirements.
Excellent verbal, written, and communication skills.
Ability to manage heavy workflow, resolve issues independently, and maintain attention to detail.
Proficiency with software and banking systems.
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