Commercial Loan Closing Coordinator

Landing Point; Woodbridge Township (NJ); On-site; USD 48,000 - 55,000; Full time

Job summary

Landing Point, a regional bank in New Jersey, is seeking a Commercial Loan Closing Specialist to facilitate loan-closing activities and maintain customer relations. The role includes pre-closing documentation, file organization, and coordination with attorneys and Relationship Managers.

Responsibilities include reviewing closing documents for accuracy, ensuring compliance, coordinating closings, and handling post-closing documents and reports.

Qualifications

• 5 or more years of related experience.
• Extensive knowledge of Commercial Loan closing.
• Proficient with Laser Pro and Microsoft Office.

Responsibilities

• Prepare and review pre-closing documentation for commercial lending and real estate loans.
• Organize files, review closing documents for accuracy, and ensure compliance with closing conditions.
• Coordinate with attorneys, Relationship Managers, and other professionals to schedule timely closings.
• Set up loan files and coordinate closing responsibilities with the Loan Administrator.
• Prepare and process post-closing documents and reports for input into the bank’s systems.
• Maintain loan closing reference procedures and assist with daily department responsibilities.
• Prepare and process department reports, verify OFAC and Patriot Act information, and review mortgage discharges for accuracy.

Skills

Commercial Loan closing

Microsoft Office

Attention to detail

Education

Bachelor’s degree

Tools

LaserPro

Job description

Company Overview

A regional bank headquartered in New Jersey provides personal and business banking services, including management services and digital banking. They are seeking a Commercial Loan Closing Specialist to facilitate loan-closing activities and maintain customer relations.

Job Responsibilities

• Prepare and review pre-closing documentation for commercial lending and real estate loans.
• Organize files, review closing documents for accuracy, and ensure compliance with closing conditions.
• Coordinate with attorneys, Relationship Managers, and other professionals to schedule timely closings.
• Set up loan files and coordinate closing responsibilities with the Loan Administrator.
• Prepare and process post-closing documents and reports for input into the bank’s systems.
• Maintain loan closing reference procedures and assist with daily department responsibilities.
• Prepare and process department reports, verify OFAC and Patriot Act information, and review mortgage discharges for accuracy.

Qualifications

• 5 or more years of related experience.
• Bachelor’s degree required.
• Extensive knowledge of Commercial Loan closing.
• Proficient with Microsoft Office; knowledge of Laser Pro document preparation is a plus.

Compensation

Pay Rate: $35 - $40/hr, DOE