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Form of workSummary Description
This role is primarily responsible for the effective and accurate processing, closing, and funding of Commercial Real Estate and construction-development loans. Success in this role would require the ideal candidate to be detail oriented, be able to consistently meet deadlines, to work well under pressure, demonstrate problem-solving abilities to overcome issues that may arise during the loan closing process, demonstrate adaptability and fostering positive relationships, and to continuously contribute to the overall efficiency of the lending process.
Duties/Responsibilities
- Loan Documentation
- Prepare and review loan documents ensuring accuracy and compliance with bank and regulatory requirements.
- Order or collect necessary documents such as title commitments, entity documents, tax certificates, flood certificates, etc.
- Due Diligence
- Conduct thorough due diligence reviews on Commercial Real Estate properties, including title commitments, entity documents, tax certificates, flood certificates, etc.
- Responsible for ensuring all information is accurate and that the Bank’s lien can be perfected.
- Loan data is entered into the Bank’s core system in an accurate and timely manner.
- Closing Coordination
- Coordinating with title, attorneys, and borrowers to ensure a smooth closing process, and that closing timelines are met.
- Prepare and review closing documents to verify accuracy and completeness.
- Funding
- Prepare and complete initial loan disbursements in accordance with closing instructions and statements.
- Board loans post funding utilizing the Bank’s core system.
- Customer Service
- Ensure excellent and proactive customer service when interacting with internal/external customers, and management.
- Address inquiries or issues within a timely manner.
- Other Responsibilities
- Responsible for maintaining SLA, quality, and productivity measures.
- Assisting in peer review and QA functions as needed.
- Helps mentor and/or advise other closers.
Requirements/Qualifications
Education/Experience:
- Bachelor’s degree or other formal education preferred (with a focus on business, legal, finance, risk management, or other similar area)
- Minimum 10 years of experience in commercial loan closing, processing, and funding, relevant title and/or legal experience.
- In-depth knowledge of Commercial Real Estate lending, regulations and compliance.
- Significant experience proofreading and editing Commercial Real Estate Loan documents, including security agreements, deeds of trust, promissory notes, guarantees, and reviewing corporate entity documents.
- Knowledge of LaserPro and Fiserv DNA core banking system is preferred.
Skills:
- Can manage and prioritize a pipeline of Commercial Real Estate Loans.
- Ability to consistently work under pressure, establish priorities and meet deadlines with minimal supervision.
- Ability to recognize and resolve issues in a proactive manner.
- Excellent customer service skills.
- Excellent interpersonal communication skills: ability to effectively interact with individuals in all areas.
- Excellent time management and organizational skills – must be detail-oriented and thorough.
- Can easily adapt and/or align with the evolving landscape and business changes.
- Can collaborate with senior leadership to align processes or goals with overall objectives.
- Fosters a culture of continuous learning and positive professional development for others.
- Strong understanding of Bank systems and processes.
Working Conditions:
- Hybrid work environment; Monday/Friday work from home, Tuesday-Wed-Thursday in-office
- Extended business hours and/or mandatory overtime may be required during high-volume months
Physical Requirements:
- Ability to lift/carry up to 25 pounds occasionally.
- Ability to remain stationary (sitting or standing) for prolonged periods.
- Ability to conduct keyboard/computer work for extensive periods.
- Ability to communicate clearly (understand/be understood) with customers in person or over the phone/computer.
What we offer you
NASB offers competitive compensation and excellent benefits packages, including:
- Comprehensive health insurance options including medical, dental, and vision coverage.
- 401(k) retirement plan with immediate employer match.
- Generous paid vacation, sick and personal days. Plus, enjoy a bonus day off for your birthday!
- Exclusive mortgage and banking benefits.
- Paid holidays, volunteer time off, and free parking at NASB facilities
- Employee referral bonuses and internal training programs to help you reach our career goals.
Note: This job description should not be construed to imply that these requirements are the exclusive standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as may be required. The employer has the right to revise this job description at any time. The job description is not to be construed as a contract for employment.
North American Savings Bank (NASB) is an Equal Opportunity/ Affirmative Action employer. We provide equal employment opportunities to all qualified employees and applicants for employment without regard to race, religion, sex, age, marital status, national origin, sexual orientation, citizenship status, veteran status, disability, or any other legally protected status. We prohibit discrimination in decisions concerning recruitment, hiring, compensation, benefits, training, termination, promotions, or any other condition of employment or career development.
