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CML Loan Closer

Company: Citizens
Location: Elizabeth
Posted on: November 18, 2022

Job Description:

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, etc.
  • 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 drives solutions.
  • 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, borrowers,etc. Qualifications
    • Bachelor's degree in a related field and/or equivalent work experience.
    • 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. Systems Preferred
      • 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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