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Years of Experience
Date Last Verified
Closing Officer Ii 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. Identifies and involves the right stakeholders to make decisions and maximize results. Readily shares information, knowledge, best practices, and ideas with teammates. Leverages opportunities and capabilities across the team to accomplish goals. Attentive and active listener; has the patience to hear people out; can accurately restate the opinion of others even when he/she disagrees. Effectively navigate and embrace change; exhibit an openness of new ways of doing things and an adaptable, continuous improvement mindset. Make quality decisions in a timely manner; sometimes with incomplete or ambiguous information and under tight deadlines/pressure. Understand the boundaries of your decision making and escalate decisions appropriately. Openly expresses views and delivers candid and constructive feedback with a positive mindset to teammates and manager.
Qualification and Experience
The candidate should have 4-year College Degree or equivalent real estate business experience. Paralegal training preferred. Should 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. Experience with multi-bank loan participations/syndications and secondary market standards is required. Must have strong aptitude for analysis, systems and mathematics. Should have strong written and verbal communication skills. Must have strong planning and organizational skills. PC proficiency including familiarity with Microsoft Excel and Word is needed. Must be knowledgeable about the financial services industry and companyâ€™s competition. Should understand the value proposition of the business and how it contributes to companyâ€™s business strategy. Must understand and apply companyâ€™s risk management philosophy in day-to-day interactions.
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