Commercial Lending Closings Coordinator

Craft3; Seattle (WA); On-site; USD 60,000 - 85,000; Full time

Job summary

Craft3 in Seattle, WA seeks an Commercial Lending Coordinator to assist with loan closings and support the Lending Services team. You will work closely with Business Lenders, Team Managers, and Risk Management, while coordinating with clients throughout the closing process.

This internal Craft3 role emphasizes developing your skills in loan documentation, underwriting basics, and financial statement review. Travel within the Pacific Northwest may occur as needed.

Qualifications

• Minimum one year’s experience in loan documentation, loan portfolio management, or related experience.
• Demonstrable experience with some or all of the following: Client and customer facing experience; Loan closing activities; Basic knowledge of loan structure/underwriting and/or credit risk; Basic knowledge of financial statements

Responsibilities

• In coordination with the lenders and Lending Services, responsible for assisting with loan closings. Act as the primary liaison between the Lending and Loan Closing team.
• Once loan is approved, work with the lender and or management on process and timing of the loan closing. Sets clear expectations with the lender and client.
• Initiates title searches, and third-party reports, such as appraisals, environmental, and construction feasibility reports, for review by lenders, underwriters, and risk management.
• Maintains and provides consistent follow up with clients on outstanding items needed for underwriting, including financials, contracts, and other packaging items, as well as funding/closing conditions.
• Assist the closing team and client with completing any outstanding closing requirements, and order documents, once complete reviews closing docs for accuracy before sending them to lender for review.
• Coordinates with the closing team to open escrow with title/escrow companies, and sets up escrow files, review settlement statements, and orders payoffs.
• Communicate with the closing team and the client to collect all required loan-related documents necessary to perfect our security interest.
• Act as primary customer-facing backup for lenders for loans in active closing.
• Set up and maintain legal and electronic files following established standards, ensuring protocols for file setup and maintenance are followed

Skills

Loan closings

Client communication

Loan documentation

Financial statements

Job description

Craft3 in Seattle, WA seeks an Commercial Lending Coordinator to assist with loan closings and support the Lending Services team. You will work closely with Business Lenders, Team Managers, and Risk Management, while coordinating with clients throughout the closing process.

This internal Craft3 role emphasizes developing your skills in loan documentation, underwriting basics, and financial statement review. Travel within the Pacific Northwest may occur as needed.