Position Title
Closing Specialist - Credit ProductsLocation
Nationwide, MI 48098Job Summary
The Closing Specialist is responsible for managing the loan closing process for a variety of Commercial and Industrial (C&I) transactions. Acting as the primary point of contact for internal stakeholders and third-party providers, the Closing Specialist ensures that all loan documentation aligns with credit approvals and that closing conditions are met in a timely, accurate manner. This role requires effective communication, attention to detail, and the ability to work in a fast-paced, deadline-driven environment.Job Responsibilities:
JOB RESPONSIBILITIES
- Loan Closing Coordination
- Serve as the central contact between Private Client Group (PCG), Credit Products Specialists, Legal, Title, and Escrow once a loan is approved.
- Coordinate all closing activities and address escalations to ensure smooth execution.
- Document Review & Compliance
- Review loan documents for conformance with approved credit terms.
- Identify discrepancies and resolve in collaboration with appropriate parties.
- Title & Escrow Management
- Engage directly with title companies and escrow agents on real estate-related transactions. Review and approve settlement statements and ensure all closing requirements are satisfied.
- System Accuracy & Uploads
- Validate that CRA data is accurate and that all booking and closing documentation is correctly uploaded in nCino.
- Booking & Funding Preparation
- Complete required booking and funding documentation and ensure all materials are ready for final loan booking.
ADDITIONAL ACCOUNTABILITIES
- Performs special projects, and additional duties and responsibilities as required.
- Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings.
- Accountable to maintain compliance with applicable federal, state and local laws and regulations.
Required Qualifications:
- Minimum experience required: 2+ Years of experience in commercial loan closing, documentation, or operations.
- Strong understanding of C&I loan documentation, credit terms, legal coordination and closing workflows.
- Proficiency in nCino, Nautilus, and Microsoft Office.
- Ability to prioritize and manage multiple loan closings simultaneously.
- Strong attention to detail and documentation accuracy.
- Effective verbal and written communication skills.
- Physical demands (ADA): No unusual physical exertion is involved.
Flagstar is an Equal Opportunity Employer
We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank
Pay Range
$54,918.75 - $85,547.00Qualified applicants with arrest or conviction records will be considered for employment in accordance with the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance, the City of Los Angeles Fair Chance Initiative for Hiring Ordinance, and the San Francisco Fair Chance Ordinance, as appliable.
Skills Required
- 2+ years of experience in commercial loan closing, documentation, or operations
- Strong understanding of C&I loan documentation and closing workflows
- Proficiency in nCino, Nautilus, and Microsoft Office
- Ability to prioritize and manage multiple loan closings
- Effective verbal and written communication skills
Flagstar Bank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Flagstar Bank and has not been reviewed or approved by Flagstar Bank.
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Leave & Time Off Breadth — Time‑off programs include accrued PTO that scales with tenure, separate sick time, company holidays plus a floating day, and a paid community involvement day. Paid parental bonding leave of six weeks is available after a year of service.
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Healthcare Strength — Coverage includes multiple medical plan choices (Cigna OAP options and Kaiser for CA/HI) with preventive medications at no cost and integrated pharmacy benefits. Dental through Delta Dental and two VSP vision plans provide additional coverage choice.
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Retirement Support — A 401(k) plan with a company match supports long‑term savings. Employer‑paid life/AD&D and disability coverage complement retirement planning.
Flagstar Bank Insights
What We Do
Thank you for visiting Flagstar Bank on LinkedIn, and we look forward to being part of your financial journey. On December 1, 2022, New York Community Bank (NYCB) and Flagstar Bank joined together to become one company. Today, New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The company is headquartered in Hicksville, New York. At June 30, 2024, the company had assets of $119.1 billion. We operate over 400 branches across 10 states, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and on the West Coast. Flagstar Mortgage operates nationally through a wholesale network of approximately 3,000 third-party mortgage originators. We believe in cultivating a diverse, inclusive, and respectful workplace that engages employees, broadens perspectives, and encourages teamwork. We hire people who represent the talents, experiences, backgrounds, and diversity of the communities we serve. Together our goal is to deliver a new energy in banking to our customers, opening new doors for financial and personal success. Customers will have access to a broad spectrum of technology, products and services—all with a shared customer-first approach. Relationships are at the center of all that we do, enhanced by our commitment to delivering local market expertise, personalized solutions, and a long-standing focus on strengthening our communities. Follow us on LinkedIn to stay up to date on news and updates, new hires, community initiatives, access to our collective insights, and banking industry updates that you need to know.
