Closing Specialist - Credit Products

Flagstar Bank

1d•Remote

About The Position

The Closing Specialist is responsible for managing the loan closing process for a variety of Commercial and Industrial (C&I) transactions. Acting as the primary point of contact for internal stakeholders and third-party providers, the Closing Specialist ensures that all loan documentation aligns with credit approvals and that closing conditions are met in a timely, accurate manner. This role requires effective communication, attention to detail, and the ability to work in a fast-paced, deadline-driven environment.

Requirements

2+ Years of experience in commercial loan closing, documentation, or operations.
Strong understanding of C&I loan documentation, credit terms, legal coordination and closing workflows.
Proficiency in nCino, Nautilus, and Microsoft Office.
Ability to prioritize and manage multiple loan closings simultaneously.
Strong attention to detail and documentation accuracy.
Effective verbal and written communication skills.

Responsibilities

Serve as the central contact between Private Client Group (PCG), Credit Products Specialists, Legal, Title, and Escrow once a loan is approved.
Coordinate all closing activities and address escalations to ensure smooth execution.
Review loan documents for conformance with approved credit terms.
Identify discrepancies and resolve in collaboration with appropriate parties.
Engage directly with title companies and escrow agents on real estate-related transactions.
Review and approve settlement statements and ensure all closing requirements are satisfied.
Validate that CRA data is accurate and that all booking and closing documentation is correctly uploaded in nCino.
Complete required booking and funding documentation and ensure all materials are ready for final loan booking.
Performs special projects, and additional duties and responsibilities as required.
Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings.
Accountable to maintain compliance with applicable federal, state and local laws and regulations.