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1st Source Bank · 1 month ago

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

South Bend, Indiana, United States

Full-time

Onsite

Senior Level

5+ years exp

1st Source Bank is seeking a Senior Loan Closer for their Commercial Real Estate division. This role involves assisting with the documentation and closing of commercial real estate loans, coordinating with various stakeholders, and ensuring compliance with legal and regulatory requirements.

BankingFinanceFinancial Services

Responsibilities

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

Regular and predictable attendance is an essential requirement of the position

Responsible for the completion of all compliance training related to the position

Must understand all applicable laws and regulations that apply to the position and complies with all applicable legal and regulatory requirements that pertain to lending functions

Performs all other duties as assigned

Qualification

Commercial real estate loansTitle insuranceALTA surveysMicrosoft WordMicrosoft ExcelAnalytical skillsProblem solvingCommunication skillsTeamwork

Required

Five (5) or more years of experience closing commercial real estate loans, including closing standards, title clearance and real estate regulations and guidelines and document preparation

Strong understanding of title insurance and ALTA forms of endorsement

Good PC skills--proficiency in Microsoft Word and Excel essential

Analytical and problem solving skills with attention to detail

Ability to meet deadlines and work without supervision

Ability to be proactive, take initiative, and carefully monitor, follow through, and complete every project/responsibility timely

Ability to handle multiple tasks in a fast-paced environment

Strong communication skills (written and verbal) and resourcefulness

Intrinsically motivated and task oriented in a team environment

Must understand all applicable laws and regulations that apply to the position and complies with all applicable legal and regulatory requirements that pertain to lending functions

Regular and predictable attendance is an essential requirement of the position

Responsible for the completion of all compliance training related to the position