CRE Closing Administrator II

This is a fully remote position, open to applicants in California, +2 more states.

📋 Description

• Create precise and timely loan documentation for transactions secured by commercial real estate, which includes examining collateral and drafting security agreements.

• Assist Home Builder, Income Property, and Affordable Housing lending by managing the closing and administration of both construction and permanent loans.

• Evaluate appraisals and pre-construction assessments for new construction and development loans.

• Confirm the evidence of prepaid construction expenses prior to the closing process.

• Collect invoices, fees, and escrow settlement details to prepare funding statements and manage loan disbursements.

• Collaborate with title companies, escrow officers, and insurance agents to obtain and review title policies, balance settlement statements, and verify insurance coverage.

• Ensure complete and accurate maintenance of loan files, reporting, statements, and accounting records.

• Assist in establishing and upholding lien perfection on collateral.

• Provide support for loan extensions, modifications, and routine closing procedures.

• Offer guidance, training, and mentorship to junior team members.

• Ensure adherence to bank policies, procedures, security protocols, and relevant government regulations.

• Collaborate with internal lending teams and external partners to facilitate successful loan funding and maintain the quality of the loan portfolio.

⛳️ Requirements

• A Bachelor’s degree in Accounting, Auditing, Banking, Business Administration, Economics, Finance, or a related discipline (Required), or an equivalent combination of education and experience in lieu of a bachelor’s degree.

• A minimum of 2 years of experience in closing or funding commercial real estate secured loans (Required).

• Familiarity with the commercial real estate loan closing procedures and documentation requirements (Required).

• Advanced understanding of commercial real estate loan closing processes, documentation, and associated systems.

• Proficiency in Microsoft Office applications.

• Knowledge of federal and state laws and regulations pertaining to real estate loan closing and funding.

• General awareness of the mortgage and commercial real estate lending sector.

• Capability to manage multiple priorities while meeting deadlines.

• Strong problem-solving, research, decision-making, and customer service abilities.

• Effective verbal and written communication skills.

• Exceptional attention to detail, accuracy, sound judgment, and discretion in handling confidential information.

• Ability to work both independently and as part of a team.

🏝️ Benefits

• Potential for annual incentives.

• Extensive employee benefits package, including medical, dental, vision, long-term disability (LTD), short-term disability (STD), and life insurance.

• Paid vacation, sick leave, and 11 company-paid holidays.

• 401k plan with up to a 4% match.

• Tuition reimbursement program.

• Opportunities for employee volunteerism and community engagement.

• A workplace culture certified as a Great Place to Work.