CDC Small Business Finance ยท 4 hours ago
Closing Analyst
San Diego, CA
Full-time
Remote
Entry, Mid Level
$57K/yr - $72K/yr
2+ years exp
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Responsibilities
File Management:
Closing Inventory review of the file to determine items needed in order to close the file and prepare an initial Closing Checklist
Closing folders and save all file documents to the respective sub-folders in the format approved by VP of Closing & Operations
Communication:
Weekly follow-ups via email or conference calls with referring / selling lender / borrowers to review pending checklist items and set expectations around timing for approval / closing
Present weekly updates during team pipeline call to ensure all origination staff are aware of the status of each file
Keep Ventures database updated as loan progresses through closing via notes and loan log
Coordinate with interim lender, CDC, borrower, closing attorneys, and title & escrow to ensure correct lien position on all collateral and all closing requirements are met
Documentation:
Collect and review all required closing documentation entity formation documents ensuring we capture the correct signers & guarantors, as well as sub-tenants for Subordination
Review and approve title commitments, insurance certificates including but not limited to hazard, liability, flood, and life insurance along with other loan requirements. Engage outside counsel as needed.
Verify and sign off that all loan conditions have been satisfied
Submit file for internal & legal review, complete any required revisions or collect additional items needed for closing
Create and review all loan documentation, including lenders instructions
Request and review a draft settlement statement to ensure borrower injection is met and all respective fees are represented accurately
Funding:
Manage closing process with borrower / referring / selling lender / and other professional contacts to ensure closing deadlines are met
Coordination of signing appointment and closing logistics of signing vs. funding date
Coordinate with management and legal counsel to obtain funding approval
Coordinate funding wire requests to wire desks, once submitted communicating to all parties that the wires are in process
Upload loan file and documents to repository post-funding and prepare funded notification to servicing, accounting, and payments to board the loan
Post-closing follow-ups for original recordables, final title policies, and any post-closing documents. Once, all items are received, finalize the collateral file for shipment to the respective document custodian.
Qualification
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Required
Associate degree or 4 years of equivalent work experience in a commercial real estate loan closing position
2 years of experience in a commercial real estate loan closing position
Technical expertise in documentation, collateral perfection and using data base systems
Attention to detail and maintain a clean and organized file
Ability to prioritize and manage multiple tasks, projects and deadlines simultaneously
Advanced knowledge of escrow, title, and lender due diligence/verification processes
Ability to sit at a computer for long periods of time
Demonstrated capacity for independent judgment and sound decision-making in a diverse and complex organizational environment
Strong written and verbal communication skills
Proficient in Microsoft programs (e.g., Word, Excel, PowerPoint) and Google Suite (e.g., Google Docs, Sheets) is required
Occasional travel to our San Diego office required
Preferred
Laserpro and SBA 504 1st Trust Deed Lending experience preferred
Company
CDC Small Business Finance
CDC Small Business Finance is a financial services company.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
unknown2022-07-21Acquired
Leadership Team
Ellis Carr
Chief Executive Officer
Recent News
2024-11-21
https://www.inquirer.com
2024-11-20
ImpactAlpha
2024-10-31
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