Loan Closing Coordinator
Job Description
Job Description
We are looking for a dedicated Loan Closing Coordinator to join our team in Paramus, New Jersey. This Contract-to-permanent position offers an excellent opportunity to contribute to the banking industry by ensuring the seamless coordination of loan closings and maintaining accurate documentation. The ideal candidate will thrive in a collaborative environment and demonstrate strong organizational and problem-solving skills.
Responsibilities:
• Prepare and review pre-closing documentation for commercial lending and real estate loans, ensuring accuracy and compliance with closing conditions.
• Organize loan files and verify the completeness of all required closing documents.
• Calculate escrows, reserves, and prepaid interest, as well as prepare general ledger entries and initiate wire transfers.
• Serve as a liaison between attorneys, Relationship Managers, and other professionals to coordinate timely loan closings.
• Set up loan files following standard departmental procedures and collaborate with Loan Administrators on related responsibilities.
• Process post-closing documents and reports, ensuring accurate input into the bank’s systems.
• Maintain reference procedures to regulate loan closings, modifications, and conversions.
• Address customer inquiries and assist with daily department operations, including resolving issues.
• Prepare and verify department reports, such as pipeline and closing reports, and ensure compliance with regulations.
• Review mortgage discharges for accuracy and handle related duties as required.
• Proven experience in administrative coordination, with a focus on loan administration and documentation.• Knowledge of commercial lending and real estate loan processes.
• Strong attention to detail and ability to ensure compliance with regulatory requirements.
• Excellent communication and organizational skills for coordinating with attorneys and Relationship Managers.
• Proficiency in calculating financial figures such as escrows, reserves, and prepaid interest.
• Ability to handle multiple tasks efficiently and maintain accurate records.
• Familiarity with system inputs and general ledger entries in the banking industry.
• Problem-solving skills to address customer inquiries and operational challenges.
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