Senior Commercial Loan Closer

This is a fully remote position, open to applicants in New York.

📋 Description

• Evaluate approved Credit Memoranda and ascertain the necessary documentation for loan closure.

• Gather and assess documentation for accuracy and adherence to closing and funding stipulations.

• Request appraisals, environmental assessments, and credit evaluations.

• Create comprehensive credit and closing files in collaboration with Credit Associates, Relationship Managers, and external parties.

• Oversee pre-closing due diligence, which includes appraisals/vessel surveys, property surveys, environmental assessments, title searches, insurance verification, UCC searches, invoice validation, bills of sale, equity injection confirmation, and liquidity confirmation.

• Draft and/or review loan closing documents for precision and compliance with policies.

• Coordinate with closing attorneys, referring brokers, and Loan Operations to ensure smooth closing and disbursement of loan funds.

• Support credit and compliance departments with loan portfolio servicing and the upkeep of lending files.

• Resolve loan exceptions, deficiencies, and findings from loan reviews.

• Track insurance policies, financial reports, and other mandatory reporting documents.

• Adhere to bank policies, procedures, and BSA/AML/OFAC regulations and guidelines.

• Aid in resolving outstanding loan documents, post-closing tasks, and loan exceptions.

• Organize subsequent loan advances as per loan documentation and approvals.

⛳️ Requirements

• Over 5 years of direct loan closing experience in a high-volume setting.

• Strong capability to collaborate effectively with clients and colleagues.

• Proficient in responding to customer inquiries and juggling multiple tasks in a high-volume environment.

• Bachelor’s degree (B.A.) from a recognized four-year college or university, or a minimum of 5+ years of relevant commercial loan closing experience, or an equivalent combination of education and experience.

• Prior experience in closing Commercial Real Estate transactions (both owner-occupied and non-owner-occupied) is essential.

• Exceptional customer communication abilities.

• Capability to comply with BSA/AML/OFAC regulations and guidelines.

• Ability to work autonomously and collaboratively with the Commercial Real Estate team, knowing when to involve senior management.

🏝️ Benefits

• Competitive salary and performance-based incentives.

• Comprehensive health, dental, and vision insurance.

• Generous paid time off and holiday schedule.

• Retirement savings plan with company match.

• Opportunities for professional development and advancement.