Please reference the schedule and minimum qualifications listed below before applying.

If you need assistance with filling out our application form or during any phase of the application, interview, or employment process, please notify our Human Resources Team at 801-366-6947 option 1 or email macurecruiting@macu.com and every reasonable effort will be made to accommodate your needs in a timely manner.

Job Summary

Manages the commercial loan closing processes for highly complex commercial loans in accordance with MACU and NCUA rules and regulations, participates in team administration functions, and participates in all aspects of the commercial lending cycle. Provides meaningful support and training to the members of the Commercial Closing Team and coordinates with the CRE Portfolio Specialist Team. Assists leadership in overall CRE program management.

Job Description

LOCATION

Mountain America Center - In Office:

9800 S Monroe St
Sandy, UT 84070

SCHEDULE

Full Time

To be effective, an individual must be able to perform each job duty successfully.

Loan closing duties account for approximately 60% of the workday:
•    Works with commercial loan officers, underwriters, borrowers, brokers, title companies, insurance agents, attorneys, and other third parties to coordinate, package, document and fund highly complex structured CRE loans for MACU’s most important members, which may include multiple borrowers (TICs), multiple guarantors, trusts, and generally the largest loan balances of $15+ million.
•    Has an expert understanding of CRE loan documentation and operates in accordance with the policies, procedures, and guidelines of the company and business units.
•    Has an expert understanding of 1031 Exchange rules, including Reverse 1031 Exchanges.
•    Has an expert understanding of business tax returns, personal tax returns, schedule K-1s, financial statements, and rent rolls.
•    Understands and demonstrates a high level of written communication relating to loan file documentation, memorandums, and all forms of written communication.
•    Reviews approved credit memos and loan files to prepare closing needs lists to satisfy all subject to requirements of the approval, properly documents the loan file, and ensures loans are closed/funded according to approval documents and MACU policy with no supervision.
•    Communicates with commercial title companies to clear exceptions and other collateral issues to ensure MACU has appropriate lien positions on all real estate collateral.
•    Prepares and files all UCC searches and filings to ensure MACU has appropriate lien positions on all UCC collateral.
•    Prepares all loan documents including trust deeds, notes, borrower certifications, beneficial ownership, borrower resolutions, and loan specific documentation.
•    Prepares memorandums, modifications, and administrative actions on any loans that may be assigned.
•    Processes and reviews IRS tax returns for accuracy.
•    Manages and prepares payoff quotes, reconveyances of trust deeds, partial releases and collateral releases during refinances on existing loans.
•    Ensures accurate records are maintained in loan files including lien perfections.
•    Ensures loan ticklers and covenants are properly documented and maintained.
•    Tracks and clears all post-closing documentation when applicable.
•    Responsible for reviewing, boarding, requesting wires, approving other closing specialist’s wires, and funding CRE loans.
•    Prepares assigned origination and closing related reports in a timely and efficient manner.
•    Reviews professional real estate appraisals to validate collateral accuracy and track income approach calculations.
•    Ensures regular communication through the origination process with loan officers, underwriters, management, and members.
•    Provides superior customer service both internally and externally with respect to commercial loans.
•    Is generally able to manage fifteen or more loan files at a given time.
•    Coordinates with the Business Specialty Lending team, which includes commercial construction, business line of credit, and commercial line of credit, and assists with loan documents, checklists, needs lists, title, closing, and other duties as needed.
•    Works together with all teams to accomplish monthly, quarterly and annual goals.
•    Performs other duties as assigned.

Team Lead responsibilities accounting for approximately 40% of the workday:
•    Performs booking audits on loans by all Commercial Closing Specialists to ensure loans are booked in the core system and loan origination system correctly.
•    Assigns approved