Commercial and Small Business Closing Coordinator III

Job Description

Overview

The Commercial and Small Business Closing Coordinator III will be responsible for completing the due diligence for new loans and modifications, as well as facilitating the loan closing process by preparing closing documents or coordinating with external legal counsel. This position will effectively manage the loan from post customer acceptance through the closing to ensure outstanding customer satisfaction.

Essential Functions

Order, review and analyze all required third-party vendor documents in relation to the collateral to be held on the loan

Thoroughly review and understand approved credit memos

Complete all due diligence associated with the satisfaction of loan approval conditions as established by Northwest policies and procedures, as well as customer identification requirements in a timely manner

Verify the loans have been approved by the appropriate level of authority

Manage the closing process through direct engagement with customer, lender, underwriter, attorney and / or title company.

Conduct review of all loan documentation to ensure all legal, credit, collateral, and regulatory requirements are included in the documentation. This may include a wide variety of real estate and commercial documents and contracts, leases, assignments, easement agreements, title reports, appraisals, surveys, mortgage loan documentation, entity formation documentation, partnership agreements and other real estate transaction documentation.

Manage title company process on originated loans including reviewing, analyzing title documents and encumbrances, surveys and parcel maps, leases, and purchase agreements. Communicate with the borrower to see that all title requirements are met at closing. Collateral may involve real estate in multiple counties and states.

Coordinate the post-closing Legal Review of all loan documents for accuracy and completeness.

• Ensure all original documents are scanned and uploaded to the system of record
• Compile vital documents for the creation of paper file to be housed in vault
• Original documents are received via inter-office, USPS or overnight services
• Coordinate any curative actions required by the independent Quality Control / Legal Review.

Ensure all documents to be recorded at county level are completed

Verify all applicable fees have been collected from the borrower and loan proceeds disbursed according to schedule.

Send loan specific information to Loan Servicing for core system input and / or verification and maintenance.

May be engaged in portfolio management work as needed.

Ensure compliance with Northwest's policies and procedures, and Federal / State regulations

Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency

Work as part of a team

Work with on-site equipment

Qualifications

Bachelor's Degree Business, Business Law, or Paralegal Program preferred

2 - 3 years Commercial real estate lending preferred Or

2 - 3 years Loan closing and documentation function in law firm preferred Or

2 - 3 years Experience in title company closing commercial loans preferred

This position can be performed remotely, unless you live within 40 miles of one of our Hub locations which are listed below. If you live within 40 miles of one of the locations listed below, you must be onsite Monday - Thursday with Friday as an optional work from home day.

INDEPENDENCE, OH

Suite 345

Independence, OH 44131

COLUMBUS, OH

3 Easton Oval

Columbus, OH 43219

BUFFALO, NY

Suite 100

Buffalo, NY 14221

MOUNT JOY, PA

Mount Joy, PA 17552

WARREN, PA

Warren, PA 16365

ERIE, PA

Erie, PA 16501

PITTSBURGH, PA

532 Lincoln Avenue

Bellevue, PA 15202

525 William Penn Place

Suite 3550

Pittsburgh, PA 15222

FISHERS, IN

Suite 150

Fishers, IN 46037

#LI-MM1

Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.