CML Loan Closer
Posted on: November 18, 2022
Description The Commercial Loan Closer is directly responsible
for the integrity of the loan closing, due diligence, and
documentation for assigned loans within the Commercial Real Estate
portfolio. This includes ensuring that the loan structure and terms
conform to the credit approval and bank policies, the requirements
to close are in place and identify and appropriately mitigate
exceptions. This position requires an understanding of policies and
procedures as they relate to the commercial lending function.
- Responsible for initiating and driving the overall a loan
closing process, developing, and maintaining internal and external
relationships, coordinating the activities, decisions, and
communications amongst the deal team along with outside counsel and
third parties such as brokers, title companies, insurance agents,
- Responsible for the integrity of loan closings, due diligence,
documentation, and compliance. Including but not limited to:
drafting commitment letters, review closing documents, completion
of closing checklist, ensure loan structure and terms conform to
credit approval and bank policies, special conditions have been
satisfied, and identify and appropriately mitigate exceptions.
Frequently uses judgement to make decisions that are in alignment
with bank policies and risk tolerance guidelines.
- Responsible for proactive identification of potential risks and
adverse situations that may impact the bank's interest.
Communicates and/or escalates risks, pursues corrective action, and
- Develops and maintains positive relationships with internal and
external customers, that may involve customer-facing activities
such as conference calls, correspondence, pre- and post-closing
meetings, notarizing signatures, and attending loan closings.
- Generates reports as needed to monitor loan closing pipeline,
loan closing target dates and deadlines. Ensures loan originations
system is updated and correct at all times.
- Frequent interaction with Legal Counsel, Brokers,
- Bachelor's degree in a related field and/or equivalent work
- 2 years of commercial real estate loan closing experience
- Strong verbal and written communication skills.
- Highly organized and detail oriented.
- Ability to effectively multi-task and deliver quality results
within fast paced environment.
- Ability to exercise good judgment, make decisions that are well
supported and work independently without compromising quality.
- Prior experience with Salesforce/nCino, Fiserv Signature, AFS,
LoanIQ The salary range for this position is $61,640 - $69,920 plus
benefits. For an overview of our benefits, visit . Hours and Work
Schedule Hours per week: 40 Work Schedule: Monday - Friday Some job
boards have started using jobseeker-reported data to estimate
salary ranges for roles. If you apply and qualify for this role, a
recruiter will discuss accurate pay guidance.Why Work for UsAt
Citizens, you'll find a customer-centric culture built around
helping our customers and giving back to our local communities.
When you join our team, you are part of a supportive and
collaborative workforce, with access to training and tools to
accelerate your potential and maximize your career growth.Equal
Employment OpportunityCitizens, its parent, subsidiaries, and
related companies provide equal employment and advancement
opportunities to all colleagues and applicants for employment
without regard to age, ancestry, color, citizenship, physical or
mental disability or perceived disability, ethnicity, gender,
gender identity or expression, genetic information, genetic
characteristic, marital or domestic partner status, victim of
domestic violence, family status/parenthood, medical condition,
military or veteran status, national origin,
pregnancy/childbirth/lactation, colleague's or a dependent's
reproductive health decision making, race, religion, sex, sexual
orientation, or any other category protected by federal, state
and/or local laws.Equal Employment and Opportunity
Employer/Disabled/VeteranCitizens is a brand name of Citizens Bank,
N.A. and each of its respective affiliates.
Keywords: Citizens, Elizabeth , CML Loan Closer, Other , Elizabeth, New Jersey
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