CLA Closing Coordinator IV - Woodbridge, NJ.

Provident Bank•Woodbridge, NJ

3d•Onsite

About The Position

This position is considered at the Lead role. The position’s role is responsible for accurately facilitating all loan-closing activities and maintaining a courteous and beneficial liaison between customers, Relationship Managers and other outside professionals. Job performance is evaluated on accuracy, timeliness, productivity and customer satisfaction. The incumbent acts either in a leadership role in training less experienced closers or is assigned to a specialized area.

Requirements

Bachelor’s degree
5 or more years of experience
Extensive knowledge of Construction Mortgage Loan closing and ability to apply such knowledge.
Strong verbal, communicative and written skills.
Ability to manage heavy workflow, resolve problems with modest supervision, attend to detail and perform arithmetic calculations.
Proficient with software and systems programs.

Responsibilities

Prepares and reviews pre-closing documentation for commercial lending and/or commercial real estate construction and permanent loans. This includes organization of files, review of the closing documents for accuracy, assuring receipt of all required closing documentation and compliance and satisfaction of all closing conditions and covenants.
Is responsible for loan set-up including completion of load sheets, calculation of required escrows, reserves and prepaid interest, preparation of general ledger debit and credit entries and initiating wire transfers.
Coordinates the development and maintenance of the Closing Department’s Policies and Procedures Manual.
Assists the Department Manager with special projects.
Coordinates and acts as a liaison with attorneys, Relationship Managers and other professionals to schedule and ensure closing takes place in a timely fashion.
Sets up loan files in accordance with standard department procedures; coordinates related closing responsibilities with Loan Administrator.
Prepares and processes post-closing documents and reports for input to systems of Loan Servicing and Commercial Lending departments.
Coordinates with CLA on construction loan closings and attends pre-construction meetings
Maintains loan closing reference procedures to guide and regulate closings, modifications and conversions.
Prepares and processes Approvals In Process Report and maintains the monthly Attorney Report.
Assists with Closers Report, CRE, BB and MM.
Verifies OFAC and Patriot Act information and related duties as required.
Reviews mortgage discharges for accuracy.
Assists in daily department responsibilities including customer inquiries and problem solving.