RDF · 1 month ago
Loan Closing Specialist
United States
Full-time
Remote
Mid Level
3+ years expRDF is a nonprofit Community Development Financial Institution dedicated to unlocking lasting prosperity in communities across America. The Loan Closing Specialist role supports daily operations and servicing of commercial loans, ensuring compliance, accuracy in documentation, and efficiency in loan closing and servicing management.
BankingFinancial Services
Responsibilities
Manage and execute commercial loan closings by reviewing loan documents, coordinating deal diligence, collaborating with the deal team and ensuring compliance with credit approval and requirements
Oversee and coordinate all aspects of loan closing activities by reviewing and executing fundings, draws, payoffs, and borrower requests, ensuring accuracy compliance and timely execution
Partner with Investment Professionals, Chief Credit Officer, Director of Loan Operations, and Servicing teams to resolve issues, streamline processes, and improve overall operational efficiency
Assist with loan servicing activities by handling modifications, processing loan bookings, and ensuring all actions align with credit approvals and compliance
Conduct and support regular audits and reconciliations of loan terms and files, debt service payments, and interest accruals to ensure accuracy and compliance
Review and maintain detailed documentation and ensure all closing packages meet internal approval standards and regulatory requirements
Contribute to special projects and actively support ongoing process improvements across the team
Qualification
Required
3–5 years of experience in commercial real estate loan closing and servicing with a strong background in managing complex transactions
Comprehensive knowledge of commercial loan closings and diligence requirements, including loan documentation, real estate diligence, and new loan fundings
Exceptional organizational abilities and clear, professional communication skills to manage loan processes
Proficiency in loan origination systems and document management platforms ensuring accuracy and efficiency in closing packages
Proficient in reviewing, interpreting and verifying loan documentation to ensure completeness, accuracy, compliance and adherence to approved terms
Ability to work independently and manage multiple closings and loan servicing request simultaneously
Preferred
Prior experience in commercial loan closings, monitoring real estate diligence and loan servicing
Proven ability to manage and monitor closing diligence while working collaboratively in a deal team environment with Investment Professionals and Borrowers nationwide
In-depth knowledge of commercial loan closings, including diligence gathering and coordination with third-party vendors, internal stakeholders, Outside Counsel, and Borrowers
Proficiency with SharePoint and the Microsoft Office Suite (Word, Excel, OneNote)
Strong analytical skills with attention to detail and accuracy
Demonstrated ability to organize effectively, manage multiple priorities, and maintain focus in a fast-paced environment
Skilled in navigating multiple systems and utilizing search tools efficiently
Proven time management skills with the ability to meet deadlines
Benefits
401(k) & 401(k) matching
Health, Dental, and Vision Insurance
Life Insurance
Health savings account
Paid time off
Parental leave
Professional development assistance
Company
RDF
Raza Development Fund is a national Community Development Financial Institution. Our Mission: Unlock lasting prosperity in communities across America.
11-50 employees
Funding
Current Stage
Early StageTotal Funding
$6.2MKey Investors
Community Development Financial Institutions Fund
2023-04-10Grant· $6.2M
Leadership Team
Annie Donovan
Chief Executive Officer
Recent News
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