Construction Loan Closer

Firstrust Bank•Conshohocken, PA

3d•Hybrid

About The Position

The Construction Loan Closing Specialist is responsible for construction loan closing workflows for ground-up construction financing, from approval through funding. The role requires in-depth knowledge and experience reviewing construction loan files and closing settlements. This is a hybrid position. The specialist reviews loan approvals and files, prepares and verifies closing documents, confirms required approvals, conditions, and insurance coverage, and coordinates with Relationship Managers, Portfolio Managers, and title companies. The role also supports policy and regulatory compliance, deadline management, settlement disbursements, file maintenance, reconciliations, loan system setup, and monitoring the closing pipeline. The specialist maintains strong customer service, collaborates with team members to ensure loan accuracy, and may assist with new business development and customer referrals.

Requirements

5–10 years of banking and commercial lending experience.
BS or BA degree in Business Administration, or related field experience.
Extensive knowledge of and experience with construction real estate closing requirements.
Ability to analyze a loan approval and loan file to ensure all necessary documentation is obtained during closing.
Strong interpersonal skills and good oral and written communication skills.
Proven history of managing high-volume workflows.

Nice To Haves

Prior experience working with a Real Estate Finance lending team is strongly encouraged.

Responsibilities

Coordinate all aspects of construction loan closings from approval through funding.
Review loan approvals and memoranda to ensure terms and conditions are accurately reflected in closing documents.
Assemble, review, and verify closing documentation, including notes, mortgages, and construction loan agreements.
Verify that all required approvals and conditions have been satisfied before closing.
Confirm required hazard, builders’ risk, flood, and other insurance coverage.
Communicate with Relationship Managers, Portfolio Managers, and title companies to obtain required closing items.
Ensure compliance with internal lending policies and regulatory requirements.
Manage daily workflow to meet loan closing deadlines.
Track settlement disbursements, file maintenance, adjustments, reconciliations, and loan system setup functions.
Monitor the closing pipeline and potentially participate in new loan meetings with the Relationship Manager.
Maintain superior customer service when obtaining Real Estate Finance documentation.
Assume other responsibilities or special duties as delegated by the Manager.
Oversee and collaborate with team members to ensure accuracy on all loans.
Assist in developing new business for Firstrust, identify expressed customer or prospect needs, suggest appropriate services, and direct customers to appropriate personnel.