Senior Documentation Closing Specialist

Dime Community Bank • Town of Islip, NY

18h • $75,000 - $85,000 • Onsite

About The Position

Dime Commercial Bank (Dime) is currently hiring for a Senior Documentation Closing Specialist at its Headquarters in Hauppauge, Long Island. The Sr. Documentation Closing Specialist prepares and reviews documents, coordinates closings, and ensures compliance for Commercial Loans. The role also reviews and examines the commitment letter, LOI, credit approval, pricing, structure, and financial reporting requirements as necessary to prepare the legal documentation. The role also ensures compliance, completeness, and accuracy prior to execution. The Sr. Documentation Closing Specialist acts as a liaison between Borrowers, Legal Counsel, Loan Officers, and the Loan Transaction Team to facilitate a timely loan closing process and delivery of the loan package to Loan Booking.

Requirements

• Minimum 3 years' experience with Loan Documentation.
• Laser Pro or equivalent experience required.
• Advanced, multi-tasking, time management, and organizational skills.
• Keen attention to detail.
• Advanced verbal and written communication skills.
• Strong working knowledge of Microsoft Office Suite.

Nice To Haves

• User working knowledge of Fiserv ‘Premier’ system or equivalent, a plus.
• User working knowledge of Sageworks or equivalent, a plus.
• Commercial regulatory compliance knowledge, a plus.

Responsibilities

• Manage own closing pipeline that rolls up to Commercial Bank Closing Pipeline. Loan types may include Commercial Lines of Credit, Commercial Mortgages, Construction Loans, Equipment Loans, Term Loans and Business Banking Loans. Keep pipeline updated on closing status for executive management. Requests to include New Originations, Renewals, Extensions, and/or Modifications.
• Create and maintain a closing folder for each loan that is assigned. Maintain accurate records or closed loans and update loan system. Ensure Vikar record is complete to Board Loan. Participate as applicable with Credit File uploads.
• Perform due diligence review, such as reviewing credit approval packages, collateral verification, Insurance Accords, Beneficial Ownership, Secretary of State and KYC.
• Utilize Laser Pro and MSWord to prepare and complete loan documentation necessary for type of loan. This may include Promissory Note, Business Loan Agreement, Commercial Pledge, Security Agreement, UCC Filings and Loan Disbursement. Prepare and review any ancillary documents required, including, Flood Checklist, Closing Checklist, Escrow Statement, W9, Corelogic Tax Form, etc. Ensure accuracy prior to delivery to customer for execution.
• Work with internal and external parties to coordinate and facilitate closings. Utilize DocuSign and ensure proper validation.
• Ensure compliance with applicable regulations and internal policies and procedures.
• Prepare loan funding/loan settlement. Prior to funding, verify Collateral Holds; Escrow Holdback Deposits, 3rd Party Expenses, Commitment Fees, and Tax Escrow all have been accounted for. Ensure all require approvals and conditions have been met and documents have been reviewed for completeness.
• Provide guidance and support to colleagues on closing process, documentation procedures, and compliance requirements.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed