Title Commercial Loan Closer-Funder
Job Information

(Respond to: Diane Katz-Primesoft Inc. diane.katz@primesoftinc.com Joan.Amenn@primesoftinc.com)

Commercial Loan Closer
Location: New Jersey or Maryland
Type of Position: FTE
Job Description Summary

The Commercial Real Estate Loan Closer is responsible for the closing and funding tasks of commercial real estate loans. The Loan Closer prepares documents to facilitate closing for business or commercial real estate loans. Your responsibilities may also include creating checklists of all requirements, making sure the borrowers or lenders cover all fees, and setting up an escrow if necessary.
You will also manage the closing schedule for the transaction and will work closely with the CRE and SBA and C&I Loan Closing Processor and Underwriter to ensure all documents needed for closing and funding the loan have been received and reviewed for compliance with credit approval and program requirements.

Primary Responsibilities
• Disburses loans by cashier’s check or by wire transfer in accordance with terms of the transaction
• Assists in obtaining insurance certificates
• Assurance that all required documents are available for closing of commercial loans
• Prepares and audits loan documents needed for closing
• Supervision of post-closing procedure
• Work with attorneys and title companies to close commercial and commercial real estate loans
• Read and understand title binders and policies
• Effectively and accurately generate loan closing packages to include preparation and assembling of all required loan documents via LaserPro
• Organize and lead the initial meeting of the parties involved in the transaction to set expectations for deliverables and timetables. This may include the borrower, broker, underwriter, production analyst, processor, and relationship manager. Conduct follow up meetings as needed.
• Manage timing of the scheduled closing date with all internal and external parties throughout the transaction and update central database for reporting purposes. Collect, review, and verify documentation received from various parties as necessary to complete the loan transaction, including borrower entity documents, transaction agreements, title and survey documents, escrow related documents, compliance documents, insurance evidence, flood certifications, commercial appraisals, seismic reports, etc.
• Order and review documents from approved vendors, including loan documentation vendor and/or outside legal counsel, and insurance compliance reviews from vendor when appropriate.
• Confirm final loan documentation conforms to terms of credit approval.
• Coordinate closing activities among borrower, borrower’s legal counsel, processor, underwriter, bank counsel, and relationship manager as needed.
• Prepare closing/settlement statements, escrow instructions, UCC statements, reserve analysis, rate lock worksheets, commitment letters, etc. as appropriate.
• Perform/review public records searches to confirm borrower compliance, entity status, property restrictions, etc. Initiate funding transactions when file is fully prepared.
Desired Skills:
• 5-years of Commercial Loan Closing Experience
• 8 years of Banking Experience
• Customer Service Experience
• Critical Thinking and Problem Solving Skills
• Attention to Detail
• Commercial Lending systems
Commercial Loan Closer
Commercial Loan Experience Experience Skills Characteristics
Prepares and audits loan documents needed for closing 3-5 Knowledge of different types of commercial loan for closing Attention to Detail
Work with attorneys and title companies to close commercial and commercial real estate loans, Time Management Reliability & Good Communication
Effectively and accurately generate loan closing packages to include preparation and assembling of all required loan documents via LaserPro Problem Solving
Technical knowledge Critical Thinking
Disburses loans by cashier’s check or by wire transfer in accordance with terms of the transaction Understanding of credits vs debits
Supervision of post-closing procedure Knowledge of type of loan to know what is needed and when it is required
Assists in obtaining insurance certificates Need to know what to ask for and what is required since you have to go to Insurance carrier
Assurance that all required documents are available for closing of commercial loans Need to know what is appropriate for the type of business and the type of loan
Read and understand title binders and policies
Can read a title commitment to know what exceptions we can except, and which ones have to be removed
Banking Experience Skills Characteristics
What are some banking products you know about 2-3 years of banking Technology
Explain an experience you had to help a rude customer Conflict-Resolution Be understanding; Customer focused
What are some of the tasks in account maintenance Product/Company knowledge; Cross selling Personalize customer experience
What is your knowledge of financial principles and practices (paperwork and or other technical measures used to file and track all your money handling) Understanding Banking Regulations Ethical; honest
Customer Service Experience Skills Characteristics
Explain your strengths in customer service? 5 years of customer service Business acumen/ Know your products Positive attitude
What do you think is more important retention of a customer or acquisition of a customer? Active listening Personalize service
How well do you handle criticism Teamwork Help customer help themselves
Technology Being customer focused
Relationship management Be proactive
Critical thinking Honesty

(Respond to: Diane Katz-Primesoft Inc. diane.katz@primesoftinc.com Joan.Amenn@primesoftinc.com)