CRE Closing Administrator II

This is a fully remote position, open to applicants in Idaho, +1 more state.

📋 Description

• Accurately and promptly prepare loan documentation for transactions secured by commercial real estate, which involves reviewing collateral and drafting security agreements.

• Provide support for Home Builder, Income Property, and Affordable Housing lending by facilitating the closing and administration of both construction and permanent loans.

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

• Confirm evidence of prepaid construction expenses before the closing process.

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

• Collaborate with title companies, escrow officers, and insurance agents to procure and review title policies, balance settlement statements, and ensure insurance coverage is verified.

• Supervise loan files and ensure that documentation, reporting, statements, and accounting information are complete and accurate.

• Assist in the establishment and maintenance of lien perfection on collateral.

• Support loan extensions, modifications, and standard closing procedures.

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

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

⛳️ Requirements

• A bachelor’s degree in Accounting, Auditing, Banking, Business Administration, Economics, Finance, or a related field (Required).

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

• A solid understanding of the commercial real estate loan closing processes and documentation requirements (Required).

• An equivalent combination of education and experience may be acceptable in place of a bachelor's degree.

• Advanced knowledge of commercial real estate loan closing practices, documentation, and associated systems.

• Capability to handle multiple priorities while meeting deadlines in a dynamic environment.

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

• Proficient verbal and written communication skills.

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

• Proficiency in Microsoft Office applications.

• Familiarity with federal and state laws and regulations pertaining to real estate loan closing and funding.

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

🏝️ Benefits

• Potential for annual incentives.

• Comprehensive employee benefits package, including medical, dental, vision, long-term disability, short-term disability, and life insurance.

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

• 401k plan with up to a 4% matching contribution.

• Tuition reimbursement program.