Senior Loan Closer, Commercial Real Estate, South Bend, IN

Responsible for assisting the Manager and supporting the preparation of the documentation and closing of commercial real estate loans originated in specific divisions.

Requirements

• Works directly with relationship managers, borrowers, legal counsel, title officers and third-party vendors and consultants in all transaction phases.
• Coordinates the closing of commercial real estate loans in accordance with loan approval terms, legal requirements and Bank policy.
• Prepares commitment letters and loan term sheets.
• Orders support documents from third party vendors such as surveyor, title insurance company and environmental firm.
• Reviews third party reports which will include title reports, Phase I environmental reports, appraisals and surveys.
• Reviews and responds to title comments and objections as well as clear title matters.
• Reviews and understands ALTA surveys.
• Requests documents from internal loan documentation department and outside counsel as needed.
• Handles complex loan closings; including construction loans.
• Manages closing and construction workflow to ensure timely processes.
• Establishes commercial construction loan disbursement checklist for each applicable transaction.
• Services as back up for the Commercial Loan Risk Administrator.
• Elevates any credit risk to proper management prior to release of funds or further processing.
• Serves as back up in Manager absence.