Closing Specialist III

ABOUT LENDISTRY

Lendistry is the country’s largest minority-led and technology-enabled small business and commercial real estate lender with Community Development Financial Institution (CDFI) and Community Development Entity (CDE) certification. We are a national employer whose mission is to provide economic opportunities and progressive growth for small business owners and their underserved communities as a source of financing and financial education.

GENERAL RESPONSIBILITIES

• Review executed documents for the funding/closing team, including, but not limited to, borrower entity documents, transaction agreements, preliminary title documents, escrow items, compliance documents, insurance evidence, flood certifications, commercial appraisals, environmental report, etc.
• Follow up, as necessary, to obtain missing items and/or needed corrections.
• Support the funding and closing teams with new loans, extensions, modifications, and renewals.
• Maintain expert knowledge of all closing and funding functions.
• Assist in the direction and operations of the closing team.
• Follow all policies and procedures, along with agency, state, and federal guidelines.
• Time management required with assigned tasks, operations and quality control; ensures coordinating available resources for maximum results.
• Ensure timely and efficient loan closings, verifying all conditions have been satisfied prior to funding in accordance with Lender’s Instruction and Disbursement listed on the Comprehensive Check List.
•  Ensures all loans are closed within Lendistry approved authorization and collateral is perfected in accordance with SLAs.
•  Work directly with Title Company for recording of collateral.
• Set up closing with closing agent, title, and escrow and
• Review and update the Comprehensive Checklist as needed.
• Initiate funding request to QA Manager for approval to Treasury and Accounting department upon receipt of loan funded.
• Provide loan data to internal departments.
• Act as support for the QA Manager by reviewing borrower disbursement requests as well as review draws managed by alternative funds control vendors.
• Perform duties specific to the position and other functions as assigned.
  
  

PROFICIENCIES

• Detailed oriented and strong organization skills.
• Proficient with Microsoft office, including Teams.
• Knowledge of funding guidelines and procedures.
• Must work effectively with other staff members and work well in a busy environment.
• Excellent verbal and written communication skills.
• Good interpersonal skills with the ability to work effectively with individuals and groups at all organizational levels, and the ability to work independently and as part of a team.
• Strong analytical ability with active listening skills.
• Willingness to adapt to changing business needs and deadlines, including extended work hours.
• Exhibit a professional, business-like appearance and demeanor.

EDUCATION AND EXPERIENCE

• Previous Loan Closing experience in Commercial and Industrial, Commercial Real Estate, and Multi-disbursement required. Supervisory or Team Lead experience preferred.
• Bachelor’s degree in related field or more than 5 years of equivalent experience.
• Financial services work experience of more than 5 years.
• LaserPro experience preferred.
• Salesforce experience preferred.

SALARY

$60,800 - $92,200/annually, depending on experience and location 

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)