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Closing Officer II - REC Services The candidate provides closing expertise to RM/PM in pre-closing process through review of items required to close, review of credit approval and assistance with review of commitment letter and loan documentation. Drives closing process with client, utilizing closing checklist to identify and monitor progress of items required to close and responsible parties for such. Engages/coordinates outside consultants necessary for the transaction including legal counsel. Accumulates and reviews all loan documentation and other information for conformity to credit policy, credit approval, and commitment letter. Reviews and negotiates client-requested changes with counsel and/or RM as appropriate. Ensures ongoing communication with client, RM, PM, legal counsel, title agent, consultants, Servicing Officer and all other necessary parties during pre-closing and closing process. Works with Servicing Officer, consultants and RM to ensure project budget is balanced and conforms to loan approval. Delivers distinctive personalized service to external and internal clients. Participates in client meetings. Ensures all pre-closing conditions of approval are met, including evidence of flood insurance when applicable. Provides authorization to close to Servicing Officer. Works closely with multiple parties to achieve a well-coordinated and timely closing, funding and booking of the transaction. Effectively communicates and works with banks on syndicated/participated transactions. Leads or participates in syndication bank group meetings (each with Team Lead assistance as needed) and ensures Bank documentation and closing requirements are met. Coordinates collection of all fees and charges necessary to close transaction. Provides required documentation for booking transaction and fees. Utilizes RECWeb system for timely updates on deal status, and timely uploading and maintaining of closing file and all appropriate documents. Ensures all pre-closing conditions of approval are met and proactively monitors all post closing items. Utilizes Compliance Applications in order to ensure adherence to all governmental and fiduciary laws, including OFAC and Patriot Act. Clearly and immediately communicates problems/issues and elevates appropriately. Assists in resolving issues affecting client service and risk management. Adheres to timeframes for all required training.
Qualification and Experience
The candidate should have a four-year college degree or equivalent real estate business experience. Paralegal training is preferred. Must have experience with closing process and real estate loan financing including commitment/loan structures, title/liens, insurance, loan documents, contracts, leases, AIA document, project budgets and other legal documentation and compliance with governmental legal requirements. Familiarity with commercial loan accounting systems is required.
Job ID: 28363BR
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