CRE Pre-Closing Specialist III

Truist • Greensboro, NC

181d

About The Position

The position is responsible for the fulfillment of commercial loans, reviewing files and collecting information for adherence to regulatory, compliance, policies and procedures for all due diligence, legal documentation, funding, booking and lien perfection items. The role acts as a liaison between front line, credit approvers, attorneys, title agents, third party vendors and other internal departments to ensure an accurate and timely closing while maintaining the bank’s risk and controls. The work style is office-centric, requiring presence in the office 4 days a week.

Requirements

• Strong organizational skills and the ability to handle multiple tasks independently under tight time constraints.
• Advanced commercial credit knowledge including loan closings, legal documentation and exceptions.
• Advanced proficiency in reviewing title work, surveys, collateral, lien filings, appraisals and environmental reports.
• Knowledge of commercial loan systems.
• Ability to manage a queue of 20-35 deals with various product types, requirements and documentation deadlines.
• Ability to mentor, coach and/or train peers on all aspects of commercial processes, systems and procedures.
• Post-Secondary education, or equivalent work experience.
• Prior experience or knowledge of loan closing and lending regulatory requirements for large financial institutions.
• Minimum 7 years experience in banking, finance, credit operations, loan consultation or administration.
• Minimum 7 years experience in the execution of legal documentation and associated processes.
• Demonstrated effective verbal and written communication skills for the purpose of explaining the loan closing process, funding, booking, exceptions and associated legal documentation to internal clients, external clients and appropriate counsel.

Nice To Haves

• Bachelor’s degree or certificate in related field.
• Experience in all loan closing components including documentation, approvals, exceptions and administration.
• Experience with highly complex or specialty commercial transactions.
• Professional license or specialized training in escrow, title, real estate, government programs (SBA and EXIM), and specialized lending programs.
• nCino and AFSVision system experience.
• Syndicated commercial loans closing experience.

Responsibilities

• Lead communication with key members of the commercial front line as well as credit partners and other internal partners to ensure consistent application of the Bank’s procedures and processes.
• Responsible for efficient delivery of services to internal and external clients for all related activities including, but not limited to, due diligence processing, documentation processing, closing, funding and post-closing functions.
• Support the commercial lending process by producing legal and supporting documentation required for closing various types of commercial transactions through timely and accurate input to internal systems.
• Manage documentation risk by ensuring documentation is in compliance with credit approval, secure a valid lien, and confirm that all pre-closing requirements are satisfied.
• Manage documentation quality to ensure it meets or exceeds Bank’s exception rate goal by identifying required loan documentation for various loan types and pledged collateral.
• Provide clear verbal and written communication to third parties, as needed.
• Facilitate complex and/or specialized external loan closings, process executed loan documentation for booking, accurately disburse loan proceeds, secure lien positions and submit completed loan packages to Loan Services in a timely manner.
• Provide superior service to internal clients by taking ownership of client needs and requests and following through to ensure timely and accurate resolution.
• Keep up to date on Truist’s regulatory and compliance policies and procedures as well as footprint states legal requirements.

Benefits

• Medical, dental, vision, life insurance, disability, accidental death and dismemberment.
• Tax-preferred savings accounts.
• 401k plan.
• No less than 10 days of vacation during the first year of employment.
• 10 sick days.
• Paid holidays.
• Defined benefit pension plan, restricted stock units, and/or a deferred compensation plan may be available.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees