Job Details

Senior Closer Paralegal

Company name

Webster Bank, N.A.

Organization Type

In-House

Job Type

Legal Staff

Date Last Verified

Sep 15,2019

Valid Through

Dec 29,2019

Posted on

Mar 01,2019

Years of Experience

Min 2 yrs required

Location

Southington, CT, United States

Employment Type

Full-time

Industry

Legal
Practice Area
Real Estate >> Real Estate
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Senior Closer - Paralegal
RESPONSIBILITIES: Ensure proper documentation and perfection of collateral for new and modified commercial loans. Work under the direction of Webster’s in-house legal counsel, as well as outside Bank Counsel, to review and negotiate changes to the Bank’s Standard Loan Documentation during the pre-closing, closing and post-closing processes, when the terms of the approval require non-standard loan documentation. Responsible for performing all aspects of the closing and post-closing processes on assigned loans and supporting other closers within the Department as necessary (both Conventional and SBA Loans). Responsible for reviewing title searches, title insurance, environmental reports and draft loan documents and for facilitating discussions with outside counsel related to loan terms and conditions, flood insurance coverage requirements and perfection of the Bank’s security interests. Assist in the follow up on Missing & Pending items as part of the post-closing duties. Review legal invoices related to loan closings to determine adherence to Webster Bank billing policies and assist the department Manager in analyzing third party performance. Provide support and training to others in the Business Banking Loan Processing division as necessary. Adhere to Bank policies, Standard Terms and Conditions, and Bank’s requirements for documentation, lien perfection and file set up. All responsibilities and functions will have minimal assistance of the Unit Manager and will perform all work related to legal review under the supervision of In-house Counsel. May also be assigned other duties by the Unit manager, as needed.

Qualification and Experience

REQUIREMENTS: Paralegal Certificate is required. 2+ years of related experience—Commercial loan closing experience with expertise in areas such as title work, trusts and/or specialty mortgages required. Solid understanding of standard billing practices related to commercial loan closings. The ability to negotiate terms within the spirit of the Credit Approval Document. Ability to interact and work with outside counsel in a professional manner. Strong oral and written communication skills and computer skills, including a comprehensive knowledge of Microsoft including Excel and Word, as well as the ability to learn programs utilized by the Business Unit. Ability to multi-task and work independently.

Additional info

Ref#19-1057

Company info

Hiring Coordinator
Webster Bank, N.A.
281 Meadow St
Waterbury, CT 06702

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