Loan Closer

• Facilitates the closing of commercial loans.
• Reviews loan type, approval terms and conditions, loan policy, federal regulations, and state laws to determine closing requirements and develop a due diligence/closing checklist.
• Performs due diligence activities for a wide range of commercial loans, applying working knowledge to analyze requirements and effectively administer pre-closing activities.
• Prepares loan documents on bank’s documentation system, ensuring that documents are prepared accurately with proper terms and conditions as outlined in the loan approval and within standards and requirements.
• Effectively and efficiently manages a large pipeline of loans at different stages of the closing process while managing workflow and deadlines.
• Identifies and obtains all necessary third-party reports which may include title, surveys, entity documents, flood determinations, environmental reports and UCC searches.
• Reviews all reports and documents for accuracy and sufficiency according to bank policy and regulatory requirements.
• Identifies discrepancies and issues, facilitates resolution, and takes corrective actions.
• Acts as a liaison with loan officers, attorneys, third-party vendors and customers.
• Executes timely follow up and management of all closing requirements; monitors to ensure deadlines are met.
• Responsible for ongoing communication with lender and borrower on the status of specific loan requests.
• Processes disbursement of loan proceeds.
• Maintain and update electronic checklists to ensure all diligence items are addressed.
• Manage electronic file organization for all commercial loan files.
• Meets the Commercial Hubs Standard Service Level Agreements and Quality Control objectives.
• Provides instructions, guidance and requests to stakeholders ensuring clear, professional communication and efficient processing.

Commercial Loan Closer preparing loan documentation and managing closing transactions

Commercial Loan Closer

Commercial Loan Closer preparing and reviewing loan documentation while ensuring compliance with regulations. Managing large pipelines of loans and facilitating loan closing processes.

• Facilitates the closing of multiple large dollar, complex commercial loans simultaneously.
• Reviews loan type, approval terms and conditions, bank policy and regulations to determine closing requirements and develop a due diligence/closing checklist.
• Performs due diligence activities for a wide-range of commercial loans applying specialized knowledge to analyze complex requirements and effectively administer pre-closing activities.
• Prepares loan documentation on the bank's documentation system, ensuring that documents are prepared accurately with proper terms and conditions as outlined in the loan approval and within standards/requirements.
• Reviews legal closing documents for accuracy against loan approval and credit write ups.
• Effectively manages a large pipeline of loans at different stages of the closing process managing workflow and deadlines.
• Identifies and obtains all necessary third-party reports which may include title, surveys, entity documents, flood determinations, and UCC searches.
• Reviews all reports and documents for accuracy and sufficiency according to bank policy and regulatory requirements.
• Identifies discrepancies and issues, facilitates resolution, and takes corrective action.
• Acts as a liaison with attorneys, third party vendors, and customers.
• Executes timely follow up and management of all closing requirements and monitors to ensure deadlines are met.
• Responsible for ongoing communication with lender and borrower on the status of specific loan requests.
• Processes disbursement of loan proceeds.
• Maintains and updates electronic checklists to ensure all diligence items are addressed.
• Manage electronic file organization for all commercial loan files.
• Meets the Commercial Hubs Standard Service Level Agreements and Quality Control objectives.
• Provides instructions, guidance and requests to stakeholders ensuring clear, professional communication and efficient processing.

Wholesale Banking Loan Closer coordinating complex commercial loan transactions

Wholesale Banking Loan Closer

Wholesale Banking Loan Closer coordinating and preparing documentation for complex commercial loan transactions. Ensuring accuracy and regulatory compliance in a fully remote role based in the United States.

• Ability to function well under pressure in closing transactions and managing vendors
• Create and review legal documents for closings: review mortgages, title, liens, judgments, contracts, entity documents, agreements
• Order, review and prepare title commitments, searches, surveys
• Review reports and searches provided by external abstractors
• Work with Underwriters to assist clients and real estate professionals with resolving clearance of all files prior to closing to ensure clear title
• Calculate, examine, and prepare HUD Settlement Statements, Deeds and Transfer Documents and work with clients to effectively prepare for closing
• Schedule and lead smooth closings- free of errors
• Responsible for the oversight of recording of documents with Title Company, issuance of title policies, upon closing
• Perform due diligence to ensure all liens and judgments are addressed, and title is clear before closing
• Preparation of any endorsements/amendments to title as needed
• Coordinate with lenders and prepare closing packages
• Disbursement and all post-closing including recordings
• Escrow follow-Up calls and coordinates releases

Closer managing loan closings for Lendmarq Capital.

Closer at Lendmarq Capital responsible for nationwide real estate closing and post-closing administration. Working closely with stakeholders to ensure smooth transactions and clear titles.

Loan Closer jobs in Florida

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Commercial Loan Closer

Wholesale Banking Loan Closer

Loan Closer