Closing Coordinator IV New

Capitalbankmd; Northern (KY); Hybrid; USD 48,000 - 62,000; Full time

Benefits offered by this job

Comprehensive benefits

401k

Paid holidays

Parental leave

Employee recognition

Job summary

Capital Bank N.A. is seeking a Closing Coordinator for a 100% remote role.

The ideal candidate will manage loan files, coordinate loan fundings and disbursements, and oversee post-closing activities while liaising with service providers to ensure accurate servicing of government lending loans. You should have significant experience in government lending (SBA/USDA) and commercial lending, with strong organizational and communication skills, and familiarity with closing documents and core

Qualifications

• Associate degree in real estate, business administration, accounting, finance, or related field.
• 15+ years of experience in government lending, SBA/USDA and commercial lending.
• Experience in audit or accounting areas of a financial institution preferred.

Responsibilities

• Manage all GL loan document files and upload to Synergy.
• Coordinate secondary market sale packages and reconcile with accounting.
• Track due diligence items for USDA, FSA, Portfolio, and CF loans.
• Coordinate loan funding and disbursements per settlement instructions.
• Complete weekly loan funding reports for Government and Portfolio loans.
• Perform daily General Ledger reconciliations when needed.

Skills

MS Office

Communication skills

Problem solving

Organization

SBA/USDA lending knowledge

Commercial lending

Closing documents knowledge

Accounting basics

Education

Associate degree in a relevant area

Tools

Jack Henry Silverlake

SageWorks

LaserPro

Job description

About Us
Capital Bank N.A. is headquartered in Maryland and has been serving our communities since 1999. We stand as a publicly traded company (NASDAQ: CBNK) with over $3 billion in assets. We offer commercial and consumer banking services to clients primarily in Maryland, DC, and Northern Virginia, alongside two nation-wide lending brands; Capital Bank Home Loans and OpenSky, a credit card division that offers and services credit cards across all states. Our personalized approach to banking, paired with cutting-edge technology solutions and a comprehensive suite of products and services, fuels our growth, and enables us to support our customers at every stage in their financial journey.

Come join a bank where our employees thrive and are engaged in meaningful work. For the last 6 out of 7 years, Capital Bank was named one of the "Best Banks to Work For" in the U.S. by American Banker.

Position Purpose

The Closing Coordinator will facilitate loan funding and construction disbursements and assist with all closing and post-closing responsibilities. Duties include management of loan files, construction and loan disbursements, coordination of any post close documentation collection and review, good faith deposit funds, reconciling deposit and general ledger accounts, boarding and loan file review, coordination with affiliated service providers to ensure accurate servicing of all government lending loans.

Position Responsibilities

• Manage all GL loan document files, ensuring proper upload to Synergy in an accurate and timely manner. Coordinate with affiliated service provider as necessary.
• Coordinate the completion of all Secondary Market sale packages and ensure proper reconciliation with accounting.
• Track all incoming due diligence items for USDA, FSA, Portfolio, and CF loans.
• Coordinate various aspects of loan fundings, ensuring consistency with settlement instructions.
• Coordinate various aspects of construction loan disbursements, ensuring consistency with loan documents and draw packages.
• Complete weekly Loan Funding Reports, including all Government Lending and Portfolio loans.
• Complete Monthly Delinquent Tax report for Government and Portfolio loans, monitoring CoreLogic for updates.
• Serve as dual control for Portfolio Escrow, balancing the DDA daily.
• Complete loan boarding reviews, to ensure all GL loans are boarded to the core system consistent with loan documents.
• Coordinate and assist with clearing GL collateral and document exceptions.
• Ensure core system collateral tabs are accurately completed for all GL loans.
• Coordinate the completion of collateral release documents and default letters.
• Liaise with deposit, insurance, leasing, and treasury team members to facilitate building a total banking relationship with each customer.
• Act as a backup for managing all good faith deposit funds, and disbursements, keeping accurate log and reconciling weekly when needed.
• Complete daily General Ledger Reconciliation when needed.

Minimum Education and Experience

• Associate degree in a relevant area of study such as real estate, business administration, accounting, finance, or equivalent related industry experience.
• Minimum of 15+ years of experience in government lending, SBA/USDA and commercial lending.
• Experience in audit or accounting areas of a financial institution preferred.

Technical Knowledge and Skills

• Work software including Microsoft Office, Office 365, and Adobe Suite.
• Strong verbal and written communication skills.
• Ability to effectively present information one-on-one along with an ability to define and solve problems, collect data, establish facts, and draw valid conclusions.
• Organized and detail oriented.
• Knowledge of SBA/USDA, government guaranteed lending.
• Knowledge of commercial, consumer, portfolio lending.
• Knowledge of basic accounting.
• Knowledge of legal and closing documents, insurance documents, construction documents, appraisal documents, and environmental documents.
• Experience with Jack Henry Silverlake Core Processing System, SageWorks, and LaserProa plus.

Other

Ability to travel within a defined market area.

Compensation

• Base Salary Range: $35.00 - $45.00 / hourly. Final determination of where you are at in the salary range is based on numerous factors such as geographical location, relevant experience, skill set, education, and ability to meet qualifications within the job description.
• Additional Compensation: This role will include a yearly annual target bonus based on individual performance.

Working Arrangements

• This is a 100% remote role.
• We are currently hiring only within our core locations which include Maryland (MD), District of Columbia (DC), Virginia (VA), Pennsylvania (PA), Delaware (DE), Indiana (IN), Illinois (IL), South Carolina (SC), North Caroline (NC), Florida (FL).

Why Join Us?

• Join a growing company with a culture that fosters an entrepreneurial spirit
• Comprehensive benefits packageincluding Medical, Dental, Vision, Company Paid Life Insurance, Disability Insurance, and more?
• Company Contributions to your 401k - Regardless of your contribution
• Employee Perks:Paid Parental Leave, Employee Recognition Program, Leadership Program, Tuition Reimbursement Program, Employee Bank Checking Account, and much more!
• Generous Paid Time Off and Paid Holidays - Including Paid Charity Hours to support volunteer opportunities

Supporting Businesses. Helping People. Strengthening Communities.
Capital Bank, N.A. is an E-Verify, Aff…