Closing Specialist II - Credit Products

Flagstar Bank

1d•Remote

About The Position

The Closing Specialist II - Credit Products handles all aspects of the loan closing process for standard and at times, complex transactions. This role serves as the liaison between sales associates, credit associates, legal, and third-party providers. The role requires expertise in legal documentation, due diligence, and regulatory compliance. The Closing Specialist II ensures full alignment with credit approval terms and leads coordination of all activities leading to successful loan funding and booking.

Requirements

High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent
4+ Years of experience in commercial lending closing, preferably with experience handling complex transactions.
Knowledge of commercial loan documentation, credit terms, legal coordination and closing workflows.
Strong communication and negotiation skills when working with internal and external partners.
Ability to lead closings and solve problems independently.
Proficiency in nCino, LaserPro, and MS Office Suite.
Ability to manage shifting priorities and multiple deal pipelines.

Nice To Haves

Undergraduate Degree (4 years or equivalent)

Responsibilities

Closing standard and at times, complex transactions.
Review documents and workflows to ensure compliance with approval terms.
Independently manage a portfolio of loan closings.
Review and negotiate legal documents and commitment letters; ensure all terms align with credit approval and policy.
Demonstrates proficiency with LaserPro, including the end‑to‑end preparation, review, and production of loan documentation.
Coordinate with internal/external legal counsel, title agents, and insurance providers to facilitate closing.
Conduct advanced review of documentation, including insurance compliance, lien/title documentation, etc.
Ensure all closing conditions are met, documents are executed correctly, and deals are properly funded and booked.
Act as a point of contact for issues involving Sales associates, Credit associates, Legal, Title, and Escrow.
Support smooth closing execution across all stakeholders via regular updates and timely resolution of issues.
Maintain accurate and organized digital closing files in internal systems (e.g. nCino)
Ensure entries are accurate, complete, and compliant.
Review uploads and data entry for consistency.
Uses independent judgement and discretion to make decisions.
Analyzes and resolves problems.
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.