Senior Loan Closer

About the role

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients. At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

Responsibilities

• Work closely with our Bankers, Loan Processors, Underwriters, and Post Closers to ensure a timely and accurate experience for our customers.
• Ensure all pre-close file documentation is complete, accurate, verified, and closing dates are met.
• Ensure processes align with the bank’s guidelines, risk appetite, policies, standards, and consumer laws and regulation requirements while providing sound judgment.
• Craft detailed communication that clearly presents rationale, assessment, and evaluation results.
• Work closely with Bankers, Loan Processors, Disclosure Team, Underwriters, Closers, Post Closers, Group Portfolio Managers, and Senior Management to ensure seamless loan/line closing activities.
• Stay updated on market conditions, industry regulations, investor guidelines, and consumer lending laws to maintain compliance and adapt to evolving enhancements.
• Complete at least five community outreach volunteer hours annually, contributing to the bank’s commitment to community development.

Requirements

• Experience in lending with a focus on portfolio real estate secured and other consumer lending products including grant programs.
• Strong expertise in working with high-net-worth clients as well as closing agents across the US footprint.
• Review and analyze title settlement statements to ensure accuracy and compliance with regulatory requirements.
• Examine pre-disclosure documents for completeness, accuracy, and adherence to lending guidelines.
• Validate all terms and fees disclosed to borrowers.
• Assess title commitment documents to confirm clear title and identify any exceptions or requirements needing resolution prior to closing.
• Oversee the funding process, validating wire instructions, approval of fees, and disbursement accuracy.
• Thrive in fast-paced, deadline-driven environments, effectively managing multiple tasks while maintaining accuracy.
• Excel at verbal and written communication, clearly presenting information to stakeholders, including assisting with procedural/job aid updates, and presentation materials for training.
• Demonstrate experience in industry tools such as Encompass, MeridianLink Consumer, MS Office (Excel, Word, PowerPoint, Teams, Outlook) products, and FIS/IBS.
• Have a strong understanding of federal and state lending regulations, ensuring compliance with consumer protection laws.

Qualifications

• At least 8 years retail lending experience with focus on portfolio real estate secured and other consumer lending products including grant programs.
• Detail-oriented and organized, thriving in fast-paced, deadline-driven environments.
• Strong written communication skills, crafting detailed communication that clearly presents rationale, assessment, and evaluation results.
• Collaboration and stakeholder engagement skills, working closely with Bankers, Loan Processors, Disclosure Team, Underwriting Team, Post-Closing Team, Group Portfolio Managers, and Senior Management to ensure seamless loan/line closing activities.
• Market awareness and compliance, staying updated on market conditions, industry regulations, investor guidelines, and consumer lending laws to maintain compliance and adapt to evolving enhancements.
• Community involvement, completing at least five community outreach volunteer hours annually, contributing to the bank’s commitment to community development.

Skills

• Business Operations
• Escalation Management
• Office Administration
• Operations Management
• Organizing
• Policy Interpretation
• Prioritization

Benefits

Subject to plan and program terms and conditions. CIBC offers a competitive total rewards package, including a salary range of $70,000 - $80,000 for the market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members. This position does not offer visa sponsorship.

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck. We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

What You Need To Know

CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com