Job Description
Overview
The Commercial and Small Business Closing Coordinator II 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
* Record via E-File OR
* Send recording to county courthouse with appropriate recording payment
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
• 6480 Rockside Woods Blvd S
Suite 345
Independence, OH 44131
COLUMBUS, OH
• HQ
3 Easton Oval
Columbus, OH 43219
BUFFALO, NY
• 375 Essjay Road
Suite 100
Buffalo, NY 14221
MOUNT JOY, PA
• 101 East Main Street
Mount Joy, PA 17552
WARREN, PA
• 100 Liberty Street
Warren, PA 16365
ERIE, PA
• 800 State Street
Erie, PA 16501
PITTSBURGH, PA
• Bellevue
532 Lincoln Avenue
Bellevue, PA 15202
• Pittsburgh Business Office
525 William Penn Place
Suite 3550
Pittsburgh, PA 15222
FISHERS, IN
• 11 Municipal Drive
Suite 150
Fishers, IN 46037
#LI-MM1
Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.
Top Skills
What We Do
Northwest Bank is a privately held community bank focused on serving the specific needs of businesses in Washington, Oregon, Idaho and Utah. Our experienced bankers deliver customized financial solutions and exceptional customer service. We do that by getting to know you, your business and your aspirations, first. Then we create a plan that will work, and stay with you every step of the way. We see our relationship with you as a partnership, the way banking should be.
Trust matters when picking your financial partner. Northwest Bank is rated as one of the best capitalized banks in the nation. We have earned 5-Star “Superior” ratings from both BauerFinancial® and Bankrate.com’s Safe and Sound® ratings service.
Founded in 2008, we have offices in Boise, Idaho; Portland, Oregon; Coeur d'Alene, Idaho; Seattle, Washington; and Salt Lake City, Utah metropolitan markets.
Northwest Bank: Experienced Bankers. Exceptional Service. Creative Solutions.
Member FDIC
Equal Housing Lender
