Blue Foundry Bank · 15 hours ago
Commercial Loan Closer
Troy Hills, NJ
Full-time
Hybrid
Entry, Mid Level
2+ years expBlue Foundry Bank is a dynamic institution focused on shaping businesses and ideas. The Commercial Loan Closer is responsible for managing the loan closing process for various commercial loans, ensuring documentation accuracy and compliance, and collaborating with internal and external stakeholders for a seamless closing experience.
BankingBusiness Information SystemsFinancial ServicesSoftware
Hiring Manager
Sarah Mamdouh Fahmy, SHRM-CP
Responsibilities
Prepare commitments, extensions, and amendments for all commercial loans
Review and/or prepare loan documents for various products, including commercial real estate mortgages, construction loans, and commercial-industrial loans
Review HUD-1 statements for accuracy
Order and review appraisals, reviews, environmental reports, OFAC checks, credit reports, flood searches, and any other necessary documentation
Coordinate all aspects of the loan closing process with the title company, borrower’s attorney, and the bank’s review attorney, confirming that all approval conditions have been met for closing
Assist in opening operating accounts for the borrowing entity prior to closing
Handle the funding process by preparing vouchers, verifying wire instructions, and collecting necessary documentation for loan disbursement
Verify that all necessary documents have been signed in the appropriate areas post-closing
Assist in booking and advancing the loan in the COCC system
Scan executed loan documents into the Identifi system for record-keeping
Track and follow up on post-closing documents, including recorded mortgages, assignments of leases, state and county UCCs, and final title policies
Manage advances for construction loans by ensuring receipt of inspection reports, title rundowns, active builder’s risk and liability insurances, and that taxes are current
Monitor estimated time of arrivals (ETAs) and interest reserve accounts related to construction financing
Update ongoing reports related to loan closings and post-closing activities
Assist customers and professionals with any questions regarding the loan closing process
Qualification
Required
High school diploma or equivalent
Bachelor's degree in Business Administration, Finance, Accounting, or a related field
Minimum of 2 years in commercial loan closing, loan operations, or related commercial lending experience
Experience with various loan types including Commercial Real Estate (CRE), Commercial & Industrial (C&I), construction loans, and SBA loans
Strong understanding of loan documentation, title policies, UCC filings, and loan underwriting practices
Working knowledge of commercial lending regulations (TILA, RESPA, ECOA, etc.)
Exceptional attention to detail with strong organizational skills to manage multiple closings
Effective communication skills to collaborate with both internal teams and external parties
Ability to problem-solve and manage issues related to document discrepancies and compliance
Proficient in Microsoft Office Suite and loan processing software
Benefits
Medical, dental, and vision coverage
Life insurance
Short- and long-term disability insurance
401(k)/Roth with company match up to 5%
Paid time off
11 paid holidays
Employee referral bonus
Educational reimbursement
Company
Blue Foundry Bank
Blue Foundry Bank is a digital banking institution that focuses on providing innovative banking solutions for individuals and businesses.
201-500 employees
Funding
Current Stage
Growth StageTotal Funding
unknown2025-11-24Acquired
Leadership Team
James Nesci
President and Chief Executive Officer
Kelly Pecoraro
Executive
Recent News
2025-11-24
Blue Foundry Bank
2025-11-24
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