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Commercial Loan Closer
Investors Bancorp
Short Hills, NJ, United States
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Job Description
Minimizing risk to Investors Bank by reviewing and clearing CRE loans for closing in accordance with bank policies and procedures.
RESPONSIBILITIES
• Organize, review and clear loans for closing in accordance with Bank Policy. Complete Pre-Closing and Underwriting Checklists. Follow-up on missing documentation with Attorneys, Coordinators, Underwriters and Loan Officers.
• Prepare Loan Closing Worksheets for booking of loans on core system and generate closing figures. Determine what fees have been paid and/or are due at closing. Calculate property tax escrows and generate amortization schedules.
• Review insurance policies in accordance with insurance guidelines.
• Review draft legal documents for accuracy and compare to Loan Summary and Commitment Letter.
• Update closing pipeline, loan tracking system and post closing log as needed.
• Complete files within 14 days of closing and submit to file room. Prepare compliance packages daily.
Requirements
A high school education with at least 5 years of paralegal experience or commercial loan closing experience. Must have strong interpersonal, communication and organizational skills. Must have excellent customer service skills and strong technical/computer skills. Must be a team player and able to work in a high volume and fast paced environment.