Associate Closer

KeyBank • Overland Park, KS

49d • $57,000 - $87,000 • Hybrid

About The Position

Performs the initial review of all borrower requests for lender consent received in the Transactions Department. For assumptions and transfers of interest, the coordinator reviews the servicing agreement and loan documents in order to prepare and send the assumption application package to the borrower. The coordinator communicates with account managers, borrowers, real estate investors and attorneys to answer procedural questions, gather information and establish deadlines for submission of deposits and documents. Responsible for closing transactions with legal counsel, underwriters, borrower’s counsel, title companies, and internal departments. Independently manage pre-closing, due diligence including adhering to internal compliance procedures (OFAC, Patriot Act, etc.), credit approval, risk management and documentation standards, utilizing internal closing procedures and controls, and documentation processes. Responsible for providing superior client service in proactively driving the closing process with client following progress on the closing checklist, identifying items/ conditions to be satisfied and the party responsible; through all post-closing functions. Participate in special projects as required.

Requirements

• 4-year College Degree or equivalent real estate business experience
• Familiarity with closing process and real estate loan financing including commitment/loan structures, title/liens, insurance, loan documents and other legal documentation
• Strong solution-oriented and problem-solving skills; detail-oriented
• Strong aptitude for analysis, systems and mathematics
• Strong written and verbal communication skills
• Ability to work independently, prioritize and handle multiple tasks in a high closing volume environment
• Strong planning and organizational skills
• PC proficiency including familiarity with Microsoft Excel, Word, and Outlook

Responsibilities

• The Closer will review loan documents and loan servicing agreements prior to setting up each transaction in the department’s tracking system.
• The unique correspondence and documentation for each request is reviewed by the Closer and then filed electronically for further review during underwriting.
• The Closer prepares and transmits the application package for all assumption and transfer of interest requests and monitors the receipt of required information which may include organization documents and charts, financial statements, tax returns, and credit authorization.
• Accurate records are maintained by the Coordinator in the Company’s intranet system to reflect the current status of the transaction.
• Responsible independently maintaining risk management, compliance with bank policies and regulatory requirements, and adhering to internal procedures and controls.
• Provide backup closing expertise and ensure ongoing communication in working closely with multiple parties (legal counsel, borrower, borrower’s counsel, title and insurance agents and other lenders etc.) to achieve a well-coordinated and timely closing.
• Clearly and immediately communicates problems/issues and elevates appropriately; assists in resolving issues affecting client service and risk management.
• Communicates effectively with and authorizes closing and funding to Servicing Officer; coordinates and verifies all fees and payments are collected at time of closing.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level