Commercial Loan Closer

Idb[Zsedm] • New York, NY

261d • $75,000 - $85,000

About The Position

We are seeking a dynamic Closer who excels in communication and closing management to ensure the accurate and timely closing of commercial loans. The ideal candidate will coordinate with various departments, manage the closing process using Salesforce, and facilitate seamless collaboration among all parties and clients to achieve smooth loan closings. This role demands a proactive individual who can lead the closing process, maintain strong relationships, and ensure compliance with bank policies and regulatory requirements.

Requirements

• Bachelor's degree in finance, business administration, or a related field.
• Minimum 5 years of experience in commercial loan closing.
• Proficient in Salesforce and other relevant computer applications used in loan management.
• Strong understanding of commercial loan products and closing procedures.
• Excellent organizational and project management abilities.
• Superior communication skills, both verbal and written.
• Strong problem-solving capabilities.
• Ability to manage multiple tasks and meet tight deadlines.

Nice To Haves

• Paralegal certification or related legal background.

Responsibilities

• Lead and oversee the entire closing process for commercial loans, ensuring all tasks are completed efficiently and effectively.
• Prepare and meticulously review closing documents for commercial loans, including CRE, Construction, C&I, and unsecured lines of credit.
• Work closely with bankers, underwriting, legal, operation, and other departments to ensure all conditions are met prior to closing.
• Independently review preliminary title reports, resolve any issues, and request the appropriate endorsements for the final policy.
• Act as a point of contact for borrowers, bankers and third parties, ensuring clear and consistent communication to facilitate smooth loan closings.
• Verify that all loan documentation is complete, accurate, and complies with regulatory requirements and internal policies.
• Manage the closing calendar, schedule closing dates, and ensure all stakeholders are informed and prepared.
• Perform final reviews and quality checks on closing packages to ensure completeness and accuracy.
• Leverage computer skills, particularly proficiency in Salesforce, to manage and track the closing process efficiently.
• Address and resolve any issues that arise during the closing process promptly to prevent delays.
• Keep accurate records of closed loans and update loan management systems accordingly.

Benefits

• Annual salary between $75,000 - $85,000.
• Eligibility for an annual bonus.
• Medical, pharmacy, dental, and vision plans.
• Life and disability insurance.
• Employee wellness program.
• Retirement and savings plans with employer contributions.
• Generous holiday and paid time off schedules.
• Parental leave.
• Tuition reimbursement.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Professional, Scientific, and Technical Services
• Education Level: Bachelor's degree