Home Builder Finance Closing Specialist

Regions Bank•Hoover, AL

21h•Onsite

About The Position

At Regions, the Credit Products Corporate Loan Fulfillment Specialist orchestrates the closing process for members of the Relationship Team and vendors associated with each loan. The work includes assisting with completion, collection, and analysis of documents necessary to extend credit; booking loans; resolving post-closing documentation exceptions; and interacting with borrowers, outside counsel, bank associates, and other third parties. The role supports one or more business segments, including Real Estate Banking (including Home Builder Finance, Income Property Finance, Affordable Housing, and Real Estate Corporate Banking), Regions Equipment Finance, Specialized and Diversified Industries, and Problem Asset Management. Support includes timely loan booking, accurate disbursement of proceeds in accordance with loan approvals, and preparation and packaging of loan documentation. This position tracks time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act.

Requirements

High school diploma or GED.
Two years of related financial services industry experience.
Ability to provide excellent customer service.
Knowledge of commercial credit, regulatory requirements (including BSA/AML, Beneficial Ownership, OFAC, and Flood Regulations), and documentation policies.
Strong interpersonal, verbal, and written communication skills.
Excellent time-management skills.
Highly organized, detail-oriented, and able to manage multiple projects under time constraints.
Responds with a sense of urgency.

Nice To Haves

Bachelor’s degree.
General knowledge of insurance requirements and other property due diligence necessary for real estate transactions.
General knowledge of syndicated transactions and ability to collaborate with Capital Markets and other lenders on agent and non-agent deals.
Previous Commercial Banking and/or Commercial Equipment Leasing experience.

Responsibilities

Draft and review documentation for high-complexity commercial loans in a multi-state environment.
Coordinate with the deal team on loan pipeline forecasts and determine due diligence requirements as loans are assigned.
Review attorney-prepared loan packages for syndicated loans, often when Regions serves as agent bank.
Obtain documents necessary to evidence debt and secure loans.
Ensure loans close in accordance with approvals and that supporting documentation conforms to loan approvals and policy.
Identify and remediate potential documentation, policy, or regulatory issues before closing.
Communicate frequently with business partners throughout the closing process.
Comply with departmental performance-level metrics.
Contribute to plans to mitigate risks.
Understand client needs and identify opportunities to improve service and resolve client service issues related to commercial credit extensions.
Provide client service and problem-solving support for loan products.
Address loan setup issues promptly to ensure system data integrity.
Support assigned business segments by timely booking loans, accurately disbursing proceeds in accordance with loan approvals, and preparing and packaging loan documentation.