Senior Loan Closer, Commercial Real Estate, South Bend, IN

1st Source Bank•South Bend, IN

71d

About The Position

Responsible for assisting the Manager and supporting the preparation of the documentation and closing of commercial real estate loans originated in specific divisions (i.e., Commercial Lending, Specialty Finance and Solar).

Requirements

Five (5) or more years of experience closing commercial real estate loans, including closing standards, title clearance and real estate regulations and guidelines and document preparation.
Strong understanding of title insurance and ALTA forms of endorsement.
Good PC skills--proficiency in Microsoft Word and Excel essential.
Analytical and problem solving skills with attention to detail.
Ability to meet deadlines and work without supervision.
Ability to be proactive, take initiative, and carefully monitor, follow through, and complete every project/responsibility timely.
Ability to handle multiple tasks in a fast-paced environment.
Strong communication skills (written and verbal) and resourcefulness.
Intrinsically motivated and task oriented in a team environment.

Nice To Haves

Bachelor's Degree preferred; major in accounting, finance or a closely related field preferred as well.

Responsibilities

Works directly with relationship managers, borrowers, legal counsel, title officers and third-party vendors and consultants in all transaction phases.
Coordinates the closing of commercial real estate loans in accordance with loan approval terms, legal requirements and Bank policy.
Prepares commitment letters and loan term sheets.
Orders support documents from third party vendors such as surveyor, title insurance company and environmental firm.
Reviews third party reports which will include title reports, Phase I environmental reports, appraisals and surveys.
Reviews and responds to title comments and objections as well as clear title matters.
Reviews and understands ALTA surveys.
Requests documents from internal loan documentation department and outside counsel as needed.
Handles complex loan closings; including construction loans.
Manages closing and construction workflow to ensure timely processes.
Establishes commercial construction loan disbursement checklist for each applicable transaction.
Services as back up for the Commercial Loan Risk Administrator.
Elevates any credit risk to proper management prior to release of funds or further processing.
Serves as back up in Manager absence.
Responsible for the completion of all compliance training related to the position.
Must understand all applicable laws and regulations that apply to the position and complies with all applicable legal and regulatory requirements that pertain to lending functions.
Performs all other duties as assigned.