CLA Closing Coordinator IV - Woodbridge, NJ.
About The Position
The CLA Closing Coordinator IV is a lead-level role responsible for accurately facilitating loan-closing activities and maintaining a courteous, effective liaison among customers, Relationship Managers, attorneys, and other professionals. Performance is evaluated based on accuracy, timeliness, productivity, and customer satisfaction. The incumbent may train less experienced closers or handle a specialized area. The role supports commercial lending and commercial real estate construction and permanent loan closings, including pre-closing review, loan setup, coordination of closing conditions, and preparation of post-closing materials. It also contributes to department procedures, reporting, customer inquiries, and problem-solving. Work is performed in a normal office environment and includes travel to customer and property locations.
Requirements
- Bachelor’s degree.
- At least 5 years of experience.
- Extensive knowledge of construction mortgage loan closing and the ability to apply that knowledge.
- Strong verbal, communication, and written skills.
- Ability to manage a heavy workflow, resolve problems with modest supervision, attend to detail, and perform arithmetic calculations.
- Proficiency with software and systems programs.
Responsibilities
- Prepare and review pre-closing documentation for commercial lending and commercial real estate construction and permanent loans; organize files, check closing documents for accuracy, obtain required documentation, and confirm compliance with closing conditions and covenants.
- Set up loans, complete loan sheets, calculate escrows, reserves, and prepaid interest, prepare general ledger debit and credit entries, and initiate wire transfers.
- Coordinate the development and maintenance of the Closing Department’s Policies and Procedures Manual.
- Assist the Department Manager with special projects.
- Coordinate with attorneys, Relationship Managers, and other professionals to schedule closings and help ensure they take place promptly.
- Set up loan files according to department procedures and coordinate related closing responsibilities with the Loan Administrator.
- Prepare and process post-closing documents and reports for input to Loan Servicing and Commercial Lending systems.
- Coordinate with CLA on construction loan closings and attend pre-construction meetings.
- Maintain loan-closing reference procedures for closings, modifications, and conversions.
- Prepare and process the Approvals In Process Report and maintain the monthly Attorney Report; assist with the Closers Report for CRE, BB, and MM.
- Verify OFAC and Patriot Act information and perform related duties as required.
- Review mortgage discharges for accuracy.
- Assist with daily department responsibilities, including customer inquiries and problem-solving.
- Train less experienced closers or handle an assigned specialized area.
- Perform other duties as assigned and directed by management.
Benefits
- Incentive eligible based on company, business, and/or individual goal achievement and performance.
- Paid time off (PTO) accrual and holiday PTO.
- Medical, dental, and vision plans.
- Flexible Spending and Health Savings Accounts.
- 401(k) retirement plan.
- Disability insurance.
- Employee Assistance Program.
- Basic life insurance.
- Tuition Disbursement and Loan Repayment programs.
- Voluntary supplemental life insurance, accident, critical illness, hospital indemnity, and legal plans.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
