Construction Loan Closer

First Trust Bank•Conshohocken, PA

2d•Hybrid

About The Position

The Construction Loan Closing Specialist coordinates and manages ground-up construction financing loan closings, from approval through funding. The role reviews loan approvals and files, assembles and verifies closing documentation, confirms that requirements and insurance coverage are in place, and ensures compliance with internal lending policies and regulatory requirements. It also manages closing workflows and deadlines, tracks settlement disbursements and loan setup activities, and monitors the closing pipeline. The position communicates with Relationship Managers, Portfolio Managers, title companies, customers, and team members to obtain required closing items and maintain accurate loan files. It may participate in new loan meetings and contribute to business development for Firstrust. The work schedule is hybrid.

Requirements

5–10 years of banking and commercial lending experience.
BS or BA degree in Business Administration or a related field, 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 that terms and conditions are accurately reflected in closing documents.
Assemble, review, and verify closing documentation, including notes, mortgages, and construction loan agreements.
Verify that 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, as needed, 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 associated with the department 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 and suggest appropriate services.
Direct customers to the appropriate person to establish business relationships.