FirstBank Florida · 3 weeks ago
Commercial Loan Closer - Miami
Miami, FL
Full-time
Onsite
Entry, Mid Level
2+ years expFirstBank Florida is seeking a Commercial Loan Closer to work alongside lending officers and processors to close commercial and corporate loans. The role involves ensuring compliance with policies and procedures while maintaining a quality loan portfolio and communicating effectively with various stakeholders during the closing process.
Banking
Hiring Manager
Nick Mirabal
Responsibilities
Collect the requirements needed for the closing of commercial and corporate loans, including modifications, future advance, renewal and amendment while interpreting bank approval, guidelines, deadlines, policies and procedures in place
Review and approve commitment letter, as applicable, confirming all CAM stipulations are appropriately reflected
Review CAM to determine conditions that must be met prior to loan closing have been appropriately satisfied
Review loan documentation received from the attorney to confirm and verify all CAM stipulations and requirements have been correctly documented
Responsible for reviewing the prevailing interest rate and fees, notify the closing agent of any changes; obtain supervisor’s concurrence when necessary. Immediately notify the loan officer and/or loan processors of any material discrepancy or deviation discovered during the loan closing that might affect the quality or credit risk of the loan
Ensure final review of loan closing package for accuracy and completeness to immediately identify errors or omissions, such as promissory notes, mortgage, guaranty, loan agreement, title commitment, pay-off letters, etc
Effectively communicate with closings agents/attorneys, borrowers and their representatives regarding closing status, and ending documentation
Ensure compliance requirements and verifications are aligned to all contingencies. Assure that proper hazard, windstorm, flood, liability and business interruption (as applicable) insurance policies are in force on or before closing, review adequate coverage and compliance with FirstBank Florida insurance rating and classification guidelines, reflecting accurate mortgagee clause
Requests OFAC and CCI reports to comply with BSA and US Patriot Act Regulation
Ensures timely reporting of HMDA (if applicable)
Reconciliation of monthly general ledger accounts: Documentary Stamp. Unearned fee and Environmental accounts by the 5th of the month
Follow-up on post-closing documents, obtain closing package from attorneys immediately after the closing, title commitment and copies of other closing documents
Prepare the following reports: Master Pipeline and New Money report in a monthly basis
Perform post-closing on files and ensure that all post-closing in the Post closing report
Confirms applicable authority signature, dates and other relevant information approval is obtained
Ensure accurate reconciliation of Journal Entries with Closing Statement and CAM requirements
Review and create physical files upon receipt of original documentation
Review and upload all applicable documents to NCINO system
Serves as back up for other functions in the department
Qualification
Required
Bachelor's Degree or mortgage loan experience
Minimum of two years' experience as a loan closer/processor in a bank or related field such as a mortgage company
Previous banking experience with loan products and use of mortgage origination system
Familiar with regulatory environment in respect to residential mortgage loan origination
Excellent organization skills and attention to details
Excellent verbal and written communication skills
Excellent time manager with a proven ability to meet deadlines
Ability to prioritize tasks
Excellent interpersonal skills, conflict and resolution
Ability to act with integrity, professionalism and confidentiality
Ability to generate reports accurately
Able to bend and lift heavy files and heavy boxes
Excellent understanding of loan documentation and mortgage loan origination system
May require work in seating position for prolonged periods
Deviation of normal or customary working schedule, able to work longer hours in peak times
Proficiency with Microsoft Word
Proficiency with Excel
Proficiency with Encompass
Company
FirstBank Florida
FirstBank Florida partners with our customers to achieve their financial goals through responsive, knowledgeable and caring employees who are committed to shareholder value and the well-being of our communities.
201-500 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase