Commercial and Small Business Closing Coordinator III

Northwest Bank•Fishers, IN

22d•Hybrid

About The Position

The Commercial and Small Business Closing Coordinator III will be responsible for completing the due diligence for new loans and modifications, as well as facilitating the loan closing process by preparing closing documents or coordinating with external legal counsel. This position will effectively manage the loan from post customer acceptance through the closing to ensure outstanding customer satisfaction.

Requirements

Bachelor's Degree Business, Business Law, or Paralegal Program preferred
2 - 3 years Commercial real estate lending preferred
Or 2 - 3 years Loan closing and documentation function in law firm preferred
Or 2 - 3 years Experience in title company closing commercial loans preferred

Responsibilities

Order, review and analyze all required third-party vendor documents in relation to the collateral to be held on the loan
Thoroughly review and understand approved credit memos
Complete all due diligence associated with the satisfaction of loan approval conditions as established by Northwest policies and procedures, as well as customer identification requirements in a timely manner
Verify the loans have been approved by the appropriate level of authority
Manage the closing process through direct engagement with customer, lender, underwriter, attorney and/or title company.
Conduct review of all loan documentation to ensure all legal, credit, collateral, and regulatory requirements are included in the documentation. This may include a wide variety of real estate and commercial documents and contracts, leases, assignments, easement agreements, title reports, appraisals, surveys, mortgage loan documentation, entity formation documentation, partnership agreements and other real estate transaction documentation.
Manage title company process on originated loans including reviewing, analyzing title documents and encumbrances, surveys and parcel maps, leases, and purchase agreements.
Communicate with the borrower to see that all title requirements are met at closing. Collateral may involve real estate in multiple counties and states.
Coordinate the post-closing Legal Review of all loan documents for accuracy and completeness.
Ensure all original documents are scanned and uploaded to the system of record
Compile vital documents for the creation of paper file to be housed in vault
Original documents are received via inter-office, USPS or overnight services
Coordinate any curative actions required by the independent Quality Control/Legal Review.
Ensure all documents to be recorded at county level are completed
Record via E-File OR
Send recording to county courthouse with appropriate recording payment
Verify all applicable fees have been collected from the borrower and loan proceeds disbursed according to schedule.
Send loan specific information to Loan Servicing for core system input and/or verification and maintenance.
May be engaged in portfolio management work as needed.
Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
Work as part of a team
Work with on-site equipment