Senior Commercial/Church Loan Closing Specialist

Thrivent•Minneapolis, MN

5d•$81,537 - $110,315•Hybrid

About The Position

The Senior Commercial/Church Loan Closing Specialist is responsible for managing the entire closing and funding process for moderately complex to complex commercial loans. They work closely with and coach Loan Closing Specialists and must collaborate with Loan Underwriters, Senior Church Loan Business Development Managers, borrowers, legal counsel, and third-party vendors to secure all required approvals and documentation. This role requires a strong working knowledge of company policies, procedures, and commercial mortgage loan closing requirements to ensure all loans are closed in full compliance with loan commitment terms.

Requirements

Strong working knowledge of commercial loan transaction documents and commercial loan structures and terms.
Excellent organizational skills with the ability to prioritize and manage multiple tasks to achieve desired results.
Demonstrated ability to work independently with minimal supervision in a fast-paced environment, navigating ambiguity, shifting priorities, and rapid change.
Strong analytical and problem-solving skills.
Ability to perform effectively under pressure and manage competing deadlines in high-stress situations.
Excellent written and verbal communication skills, with the ability to represent the organization in a professional manner when interacting with internal and external stakeholders.
Proven ability to build and maintain effective working relationships, fostering consistent communication and collaboration.
Flexibility to work additional hours as needed to meet closing deadlines and effectively manage workload demands.
Bachelor’s degree, paralegal certification, and/or a minimum of three years of relevant commercial mortgage or real estate experience.

Nice To Haves

Minimum of five years of experience in commercial mortgage loan closing.
Strong attention to detail.
Experience preparing or reviewing commercial loan documents.
Working knowledge of commercial insurance concepts and documentation requirements related to mortgage loan transactions.
Experience administering construction loans, including reviewing and analyzing draw requests for completeness and compliance with loan terms.
Proficiency in Excel, Adobe, SharePoint, Enterprise!, and IBM Navigator.

Responsibilities

Establish a closing checklist based on mortgage loan commitment; continuously monitoring progress of the loan closing and ensuring all due diligence is received in conformance with the loan commitment.
Partner with internal and external stakeholders to resolve issues, mitigate risk, and ensure timely closings in accordance with company policy and procedures.
Obtain, review, and approve all required insurance documentation in alignment with mortgage loan commitment requirements.
Ensure borrower business authority documentation is complete, acceptable, and fully complies with commitment terms.
Obtain and submit for approval all required third-party reports and supporting documentation necessary to meet loan commitment requirements.
Coordinate with internal or external legal counsel to resolve title and survey issues and confirm all title insurance requirements have been satisfied.
Identify issues which negatively impact loan funding; provide recommendations and assistance to loan underwriters, the closing manager, and legal counsel to resolve and/or mitigate issues.
Coordinate and schedule loan closings, ensuring availability of funds and confirming all closing requirements have been met and are complete.
Initiate funding process and manage post-closing requirements.
Coordinate construction loan closings and the monthly draw process, including collection and review of change orders, lien waivers, updated budgets, and draw requests for disbursement.
Provides guidance, coaching, and oversight to Loan Closing Specialists, supporting their development and ensuring consistency and accuracy in the execution of the loan closing process.