CLA Closing Coordinator IV - Woodbridge, NJ.

Position Overview

Key Responsibilities

Minimum Qualifications

Working Conditions

Pay Details

Benefits

• Position Overview

  This position is considered at the Lead role. The position’s role is responsible for accurately facilitating all loan-closing activities and maintaining a courteous and beneficial liaison between customers, Relationship Managers and other outside professionals.

• Key Responsibilities

  • Prepares and reviews pre-closing documentation for commercial lending and/or commercial real estate construction and permanent loans.
  • Organizes files, reviews closing documents for accuracy, ensures receipt of all required closing documentation, and complies with and satisfies all closing conditions and covenants.
  • Completes loan set-up including load sheets, calculates required escrows, reserves, and prepaid interest, prepares general ledger debit and credit entries, and initiates wire transfers.
  • Coordinates the development and maintenance of the Closing Department’s Policies and Procedures Manual.
  • Assists the Department Manager with special projects.
  • Schedules and ensures closings take place in a timely manner by coordinating with attorneys, Relationship Managers, and other professionals.
  • Sets up loan files in accordance with standard department procedures; coordinates related closing responsibilities with Loan Administrator.
  • Processes post-closing documents and reports for input to systems of Loan Servicing and Commercial Lending departments.
  • Coordinates with CLA on construction loan closings and attends pre-construction meetings.
  • Maintains loan closing reference procedures to guide and regulate closings, modifications, and conversions.
  • Prepares and processes Approvals In Process Report and maintains the monthly Attorney Report.
  • Verifies OFAC and Patriot Act information and related duties as required.
  • Reviews mortgage discharges for accuracy.
  • Assists in daily department responsibilities including customer inquiries and problem solving.

• Minimum Qualifications

  • Bachelor’s degree
  • 5 or more years of experience
  • Extensive knowledge of Construction Mortgage Loan closing and ability to apply such knowledge
  • Strong verbal, communicative, and written skills
  • Ability to manage heavy workflow, resolve problems with modest supervision, attend to detail, and perform arithmetic calculations
  • Proficient with software and systems programs

• Working Conditions

  • Work is performed in a normal office environment.
  • Noise levels are usually moderate.
  • This position involves travel to customers and property locations.
  • Prolonged sitting
  • Lifting from 5 to 10 lbs. (printer paper, storage boxes)
  • Occasional bending or overhead lifting (storing files or boxes)
  • The hazards are mainly those present in a normal office setting

• Pay Details

  • $36.10 - $45.13 hourly

  The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, education, geographic location, internal equity, and other applicable business and organizational needs.

  This role is incentive eligible based upon company, business, and/or individual goal achievement and performance.

• Benefits

  • Paid time-off (PTO)
  • Holiday (PTO)
  • Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan
  • Disability Insurance
  • Employee Assistance Program
  • Basic Life Insurance
  • Voluntary benefits including Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans