Loan Closing Specialist

New Edge Associates a Talent Acquisition Firm; Miami (FL); Hybrid; USD 65,000 - 90,000; Full time

Job summary

New Edge Associates seeks an experienced Loan Closing Specialist to coordinate and manage the entire closing process for commercial and real estate loans in a fast-paced environment. You will collaborate with lenders, attorneys, paralegals, title companies, and internal teams to ensure accurate, timely closings.

The ideal candidate has 2+ years in secured transactions and loan closings, knowledge of RESPA, and proficiency in Word and Excel. LaserPro/Encompass experience is a plus.

Qualifications

• Bachelor’s Degree or equivalent combination of education and related experience.
• Minimum 2 years of secured transaction, real estate, and/or loan closing experience.
• Experience with commercial loan closings preferred.
• Knowledge of RESPA guidelines and loan closing compliance requirements.
• Understanding of secured transactions, commercial lending documentation, and real estate lending concepts.
• Experience reviewing loan documents, insurance requirements, title work, and closing conditions.
• Proficiency in Microsoft Word and Excel required.
• Experience with LaserPro and Encompass preferred, but not required.
• Strong attention to detail and organizational skills.
• Excellent written, verbal, and interpersonal communication abilities.
• Ability to manage multiple transactions and deadlines in a fast-paced environment.
• Ability to work independently and collaboratively with internal and external stakeholders.

Responsibilities

• Coordinate and manage the loan closing process from start to finish.
• Review credit approvals, commitments, and documents to determine closing requirements.
• Open, organize, maintain, and update electronic loan closing files.
• Prepare closing checklists for assigned loan transactions and monitor conditions.
• Coordinate with loan officers, attorneys, paralegals, title companies, and departments.
• Ensure timely receipt of required documentation and compliance with bank policies.
• Review due diligence items including title reports, insurance documents, and collateral requirements.
• Prepare insurance requirement letters and review coverage for compliance.
• Calculate escrow requirements and prepare amortization schedules.
• Review loan documents for accuracy and alignment with terms and policies.
• Prepare documentation for unsecured, CD-secured, UCC, and other transactions.
• Assist with weekly pipeline, funding, and closing reports.
• Ensure compliance with RESPA and internal regulatory standards.
• Support special projects and closing department initiatives.

Skills

Attention to detail

Organizational skills

Communication skills

MS Excel

Regulatory knowledge

Education

Bachelor’s Degree

Tools

LaserPro

Encompass

Microsoft Word

Excel

Job description

This role is responsible for coordinating and managing the loan closing process, ensuring all credit approval conditions, due diligence requirements, and documentation are completed accurately prior to funding.

The ideal candidate will have experience with commercial and/or real estate loan closings, secured transactions, and regulatory compliance requirements. This individual will work closely with lenders, attorneys, paralegals, and internal departments to ensure loans are closed efficiently, accurately, and in accordance with bank policies and regulatory standards.

Job Requirements

• Review credit approvals, commitment letters, and loan documentation to determine closing requirements and due diligence needs
• Prepare and maintain closing checklists for assigned loan transactions
• Open, organize, maintain, and update electronic loan closing files
• Coordinate with loan officers, attorneys, paralegals, title companies, and internal departments throughout the closing process
• Monitor outstanding closing conditions and follow up to ensure timely receipt of required documentation
• Review due diligence items including title reports, insurance documentation, legal documents, and collateral requirements
• Prepare insurance requirement letters and review insurance coverage for compliance with loan requirements
• Calculate escrow requirements and prepare amortization schedules
• Review loan documents for accuracy and consistency with approved loan terms and bank procedures
• Prepare loan documentation for unsecured loans, CD-secured loans, UCC loans, and other assigned transactions
• Assist with weekly pipeline, funding, and closing reports
• Ensure compliance with RESPA guidelines, internal policies, and regulatory requirements
• Support special projects and additional closing department initiatives as assigned

Job Qualifications

• Bachelor’s Degree required or equivalent combination of education and related experience
• Minimum 2 years of secured transaction, real estate, and/or loan closing experience required
• Experience with commercial loan closings preferred
• Knowledge of RESPA guidelines and loan closing compliance requirements
• Understanding of secured transactions, commercial lending documentation, and real estate lending concepts
• Experience reviewing loan documents, insurance requirements, title work, and closing conditions
• Proficiency in Microsoft Word and Excel required
• Experience with LaserPro and Encompass preferred, but not required
• Strong attention to detail and organizational skills
• Excellent written, verbal, and interpersonal communication abilities
• Ability to manage multiple transactions and deadlines in a fast-paced environment
• Ability to work independently and collaboratively with internal and external stakeholders