Commercial Closing Agent

About the role

We are seeking an experienced legal professional to handle commercial closing agent duties for a growing company. The Commercial Loan Closing Agent coordinates and manages the closing process for commercial real estate loan transactions from approval through funding.

Responsibilities

• Cover all aspects of commercial loan closings, including scheduling, document preparation, and funding.
• Review loan approvals and commitment letters to ensure closing conditions are met.
• Prepare, review, and organize commercial loan closing packages for accuracy and completeness.
• Cook up with borrowers, attorneys, title companies, surveyors, insurance agents, and other third parties to get required documentation.
• Review title commitments, surveys, organizational documents, and legal opinions to identify and resolve closing issues.
• Ensure loan documentation complies with internal policies, regulatory requirements, and lender guidelines.
• Cook up funding and disburse loan proceeds upon satisfaction of closing conditions.
• Maintain accurate loan files and ensure all executed documents are properly recorded and archived.
• Track post-closing requirements, including receipt of recorded documents, title policies, and outstanding closing items.
• Communicate effectively with internal lending teams, legal counsel, and customers throughout the closing process.
• Identify and resolve documentation or legal issues that may delay loan closings.
• Aid in process improvements to enhance efficiency and maintain compliance.

Qualifications

• Associate's or Bachelor's degree in Business, Finance, Legal Studies, Paralegal Studies, or a related field preferred.
• Minimum of 3-5 years of experience in commercial loan closings, commercial real estate, banking, title, or legal support.
• Experience reviewing commercial loan documents and real estate closing documentation.
• Paralegal certification or previous experience working in a law firm, title company, or legal department is highly desirable.
• Strong understanding of commercial lending practices, title insurance, escrow procedures, and real estate transactions.
• Proficiency in Microsoft Office and commercial loan origination or document management systems.