Senior Loan Closer

CIBC•Worth, IL

1d•$70,000 - $80,000•Hybrid

About The Position

As a Senior Loan Closer in the Consumer Lending Closing Department, your primary responsibilities encompass monitoring loan closing activities to ensure accuracy, compliance, and timely disbursement of funds. This role will finalize and prepare loan documents for funding and closing. As an experienced lending professional, you will be recognized as a subject matter expert on closing and disbursement activities. At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 2-3 days per week on-site, while other days will be remote.

Requirements

At least 8 years retail lending experience with focus on portfolio real estate secured and other consumer lending products including grant programs.
Strong expertise in working with high-net-worth clients as well as closing agents across the US footprint.
Detail-oriented & organized.
Thrive in fast-paced, deadline-driven environments, effectively managing multiple tasks while maintaining accuracy.
Strong communicator.
Excel at verbal and written communication, clearly presenting information to stakeholders, including assisting with procedural/job aid updates, and presentation materials for training.
Working knowledge of systems like Encompass, MeridianLink Consumer, MS Office (Excel, Word, PowerPoint, Teams, Outlook) products, and FIS/IBS.
Strong understanding of federal and state lending regulations, ensuring compliance with consumer protection laws.
Build strong relationships with Internal Partners, Bankers, Loan Processors, Disclosure Team, Underwriting Team, Post-Closing Team, Group Portfolio Managers and Senior Management.
Bring your real self to work and you live our values - trust, teamwork, and accountability.
You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

Nice To Haves

Supporting department special projects and/or testing initiatives.

Responsibilities

Comprehensive Analysis: Work closely with our Bankers, Loan Processors, Underwriters, and Post Closers to ensure a timely and accurate experience for our customers.
High-Quality Decision-Making: Responsible for ensuring all pre-close file documentation is complete, accurate, verified, and closing dates are met.
Effective Risk Assessment: Ensure processes align with the bank’s guidelines, risk appetite, policies, standards, and consumer laws and regulation requirements while providing sound judgment.
Strong Written Communication: Craft detailed communication that clearly present rationale, assessment, and evaluation results.
Collaboration & Stakeholder Engagement: Work closely with Bankers, Loan Processors, Disclosure Team, Underwriters, Closers, Post Closers, Group Portfolio Managers, and Senior Management to ensure seamless loan/line closing activities.
Market Awareness & Compliance: Stay updated on market conditions, industry regulations, investor guidelines, and consumer lending laws to maintain compliance and adapt to evolving enhancements.
Community Involvement: Complete at least five community outreach volunteer hours annually, contributing to the bank’s commitment to community development.
Review and analyze title settlement statements to ensure accuracy and compliance with regulatory requirements.
Examine pre-disclosure documents for completeness, accuracy, and adherence to lending guidelines.
Validate all terms and fees disclosed to borrowers.
Assess title commitment documents to confirm clear title and identify any exceptions or requirements needing resolution prior to closing.
Oversee the funding process, validating wire instructions, approval of fees, and disbursement accuracy.
Lead the closing process, ensuring all documents are properly executed and funds are disbursed according to instructions.
Coordinate with stakeholders to resolve any last-minute issues.
Active participation in community involvement initiatives, supporting the bank’s community development efforts.