Commercial Loan Closer

4 days ago


Englewood Cliffs, New Jersey, United States ConnectOne Bank Full time
About ConnectOne Bank

At ConnectOne Bank, we're committed to putting people first. Our mission is to empower our employees to make important decisions, reach their potential, and make a meaningful impact. We're a growth organization by design, and we take pride in seeing our employees grow with us.

We're a high-performing commercial bank that's inspiring a new model for our industry's future. By embracing technology and leveraging its potential, we support small business owners in fueling their mission. Our culture is built on the foundation of People First, which guides everything we do and every decision we make.

Job Summary

We're seeking a skilled Commercial Loan Closer to join our team. As a Commercial Loan Closer, you'll play a critical role in managing and administering a portfolio of loans from origination through to settlement and funding. You'll analyze internal bank loan approvals, determine required due diligence, and ensure compliance with bank policies, procedures, and regulatory requirements.

Key Responsibilities
  • Manage and administer a portfolio of loans from origination through to settlement and funding
  • Analyze internal bank loan approvals and determine required due diligence
  • Ensure compliance with bank policies, procedures, and regulatory requirements
  • Order and review searches, including flood, to ensure compliance
  • Ensure all collateral evaluations are ordered and reviewed
  • Review and ensure all required insurance is sufficient and compliant
  • Prepare internal pre-closing and post-closing checklists
  • Act as liaison with lender, bank counsel, and title companies
  • Review loan documentation to ensure compliance with loan approval and policy
  • Coordinate receipt of closing requirements with internal departments, lender, bank counsel, borrower, and borrower's counsel
  • Confirm that all conditions within the approval have been met and schedule closing
  • Prepare Closing Letter for Bank Counsel, including wire breakdown and fees
  • Review Settlement Statements and prepare funding wires
  • Prepare Booking sheet and review loan after it is booked into the system of record
  • Ensure all loans are closed without material, administrative, or compliance exceptions
  • Follow up and clear loan documentation exceptions, approved post-closing documentation, and filed and recorded documents
  • Maintain pipeline and process approved loans in a timely manner
  • Ensure all communications with clients are positive and escalate any issues as needed
Requirements
  • Knowledge of relevant federal and state banking regulations
  • Knowledge of commercial loan documentation, title policies, appraisals, environmental assessments, and entity formation documents
  • Familiarity with Bank security and safety practices
  • Knowledge of processing underwriting and/or closing procedures/federal lending regulations governing real estate lending
  • 5 years proven experience as Commercial loan closer
  • Excellent communications, planning, customer service, organization, and interpersonal skills
Preferred Qualifications
  • Strong People First interest and ability
  • Paralegal Certificate or 2-year Associate Degree in Paralegal Studies
  • College Degree preferred, but not required
Benefits
  • World-class health, vision, and dental benefits on day one
  • 401k with employer match
  • Hybrid work from home (depending on role)
  • Employee appreciation events (team building, softball games, food truck days, etc.)
  • Employee assistance programs (EAP)
  • Wellness programs (flu shot, preventive care, health programs and services discounts, etc.)
  • Tuition reimbursement
  • Employee Discount perks
  • CNOB Community Service Events

We're an equal opportunity employer and do not discriminate with respect to any term, condition, or privilege of employment based on race, color, religion, sex, sexual orientation, gender identity or expression, age, disability, military or veteran status, marital status, or status of an individual in any group or class protected by applicable federal, state, or local law.

We also provide reasonable accommodations for qualified individuals with disabilities in accordance with the Americans with Disabilities Act and applicable state and local laws. If an accommodation is needed to participate in the job application or interview process, please contact Talent Acquisition.



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