Sr. Closing Officer Real Estate Capital Servicing

Location:

4224 Ridge Lea Road - Amherst, New York 14226

Qualified candidate must report to the 1-3 days per week at either the Brooklyn, OH (Tiedeman), Amherst, NY (Ridge Lee) or the Atlanta, GA (Abernathy) location.

This position is responsible for:  (a) independently manage and maintain an active closing portfolio consisting of moderate to highly complex loan transactions, (b) be proficient in understanding, analyzing and negotiating legal documents and loan closing due diligence (c) drive the closing process from loan approval through closing, reviewing due diligence along the process; and (d) be responsible for some continued post-closing monitoring.  The product types that the Closing Officer should be proficient in range from simple extensions and modifications to complex borrowing base loans (including multiple tranche transactions), line of credit facilities, standby letters of credit or revenue bond transactions, any of which may be syndicated/participated.  This Closing Officer is required to deliver superior client service to internal and external clients while using sound judgment and decision-making skills in gray areas for “win-win” outcomes while balancing policy, procedures, client needs and bank risks.  Adherence to internal compliance procedures (OFAC, Patriot Act, etc.), credit approval, risk management and document standards is critical.  The Closing Officer is expected to collaborate with the entire Servicing team, sharing information, knowledge, best practices and experiences in order to maximize efficiency, service quality and results.  The Closing Officer may be asked to participate and/or lead special projects on occasion.

Essential Job Functions:

• Provide closing expertise to internal clients in pre-closing process through review of items required to close, review of credit approval and assistance with review of commitment letter and loan documentation
• Proactively drive the closing process with client, utilizing the closing checklist to identify and monitor progress of items required to close the transaction
• Engage/coordinate outside consultants necessary for the transaction including legal counsel and construction consultant
• Accumulate and review all loan documentation and other information for conformity to credit policy, credit approval, and commitment letter; analyze, review and negotiate client-requested changes with counsel and/or Sales as appropriate
• Review and analyze Borrower provided insurance with insurance standards
• Order flood zone determinations and provide analytical review and assurance of all federal regulated requirements are met for SFHA collateral, including movements in and out of a SFHA
• Review and analyze construction documents, including construction schedule, construction budget and construction contracts
• Ensure ongoing communication with client, Sales, legal counsel, title agent, construction consultant, Servicing Officer and all other necessary parties during pre-closing and closing process (initiate pre-closing meetings)
• Work with Servicing Officer, consultant and Sales to ensure project