Loan closer job description

This is a senior clerical position within the mortgage division. This position is responsible for preparing and sending mortgage closing documents to attorney. This position also reviews and approves HUD-1 settlement statements and/or closing disclosures and funds loans.
* RENASANT BANK IS AN EQUAL OPPORTUNITY EMPLOYER*

Responsibilities

* Coordinate mortgage loan closings with closing agents, loan originators and loan processors for correspondent/wholesale lenders and retail lenders.
* Prepare mortgage closing packages, per closing instructions, and send to closing attorney with funds (if applicable) prior to closing.
* Review and approve HUD-1 and HUD-1A's for closing and/or closing disclosures for closing.
* Calculate APR and issue final TIL when applicable.
* Prepare funding worksheet to calculate net funded wire.
* Wire funds to closing agent or correspondent bank as needed to fund or purchase a loan.
* Run tickets to clear funding (if applicable).
* After loan closing, finalize loan in a timely manner in preparation for the post closing department.
* Work with loan underwriters, processors and post closing on any outstanding conditions to be cleared.
* Promote and maintains good public relations with customers, realtors and attorneys.
* Other related duties as assigned.

Qualifications

* High School Graduate or equivalent;
* Minimum of two (2) years job related experience;
* Ability to operate a personal computer using Microsoft Word and Excel;
* Working knowledge of loan documentation and bank terminology;
* Must have working knowledge of RESPA and TILA regulations;
* Basic knowledge of Accounting;
* Ability to deal tactfully and effectively with customers as well as fellow employees;
* Good organizational skills and ability to manage time efficiently within deadlines;
* Ability to read, understand and adhere to internal and governmental policies and procedures; and
* Ability to learn and utilize all necessary computer applications.

Physical Demands

The physical demands described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to stand or sit; kneel, stoop, or squat; use hands or fingers to handle or feel objects, tools or controls; reach with hands and arms, and talk or hear. The employee is occasionally required to walk. The employee must occasionally lift and /or move up to 25 pounds. Specific vision abilities required by this job include close vision, peripheral vision, depth perception and the ability to focus.

Work Environment

The Bank's professional working environment requires employees to communicate effectively, both verbally and in writing. Employees must demonstrate strong interpersonal skills when working closely with internal business partners and external clients. Employees may be exposed to confidential and propriety information within the working environment, therefore, must uphold confidentiality at all times. Due to the possibility of being exposed to high risk situations (i.e. robbery), detailed instructions and procedures are required to be followed at all times to safeguard the Bank's employees, customers, and assets.

The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. The principal duties and responsibilities enumerated are all essential job functions except for those that begin with the word "May".

This job description is intended to describe the normal level of work required by the person performing the work. The principle duties outlined are the essential responsibilities and duties. Other duties may be assigned as needs arise.

This description is not intended as a contract and is subject to change. Any written contractual agreements supersede this job description. All requirements may be modified to accommodate physically or mentally challenged staff members reasonably.

Loan Closer - (220001WK) Description Jefferies Group LLC, the largest independent, global, full-service investment banking and capital markets firm headquartered in the U.S. focused on serving clients for 60 years, is a leader in providing insight, expertise and execution to investors, companies and governments. We offer deep sector expertise across a full range of products and services in investment banking, equities, fixed income, asset and wealth management in the Americas, Europe and the Middle East and Asia. Jefferies Group LLC is a wholly owned subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), a diversified financial services company.
CLO Associate/Loan Closer Description(1-4 years):

Manage day to day activity of CLO warehouses. Communicate trade flow between fund managers and TRS provider. Communicate/fix discrepancies.
Enter/close CLO warehouse trades in LIQ to track positions
Interpret warehouse legal documents to properly track life cycle of warehouse
Tie out warehouse economics with CLO fund managers.
Ability to manage the trade portfolio, across multiple business lines, following all trades from Trade Date to Settlement whilst maintaining a clean open trade aging profile and driving reduced settlement times
Ensuring all new trades and fund allocations are added and set up in our internal systems
Drafting of Loan Trade Closing documentation - including Trade Confirmations, Transfer Documents, Pricing Letters (amongst others) when not closing via electronic platform

Coordinating with Trader, sales and Legal (internal and external) on proposed changes to Trade documents
Identifying and escalating issues to the front office traders/ sales, in-house legal counsel, compliance and management when necessary
Working directly with clients, internal partners and external Agents to resolve issues and ensure smooth closing of all trades.
Prepare and review settlement calculations including delayed compensation, cost of carry and benefit of commitment reductions
Co-ordination and timely solution of any post trade settlement cash queries with Internal and external Clients.
Responsible for waiver and amendment monitoring for credits across portfolio and action them with internal stakeholders when necessary including bankruptcy and restructurings
Working on internal projects and initiatives designed to improve automation and strengthen the team's control environment across our global franchise.

Qualifications Skills Required

Knowledge of Loan IQ, and ClearPar would be beneficial.
Knowledge of information wall barriers preferred.
Strong PC skills Excel, Word and PowerPoint
Excellent oral and written communication skills
Self-motivation with tangible examples of demonstrating drive and initiative
Demonstrate they are a detail orientated individual that can multitask efficiently under pressure in a fast-paced environmen
Must be able to resolve issues daily
Must have excellent client service skills with both internal and external clients
Humble and honest team player and a partner to all internal stakeholder across our global firm

At Jefferies, we believe that diversity fosters creativity, innovation and thought leadership through the infusion of new ideas and perspectives. We have made a commitment to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is an equal employment opportunity employer. We practice equal opportunity for all, and all qualified applicants will receive consideration for employment without regard to race, creed, color, national origin, ancestry, religion, gender, pregnancy, age, physical or mental disability, marital status, sexual orientation, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodations to individuals with qualified disabilities, as appropriate, under applicable law.

All employees must follow Jefferies' COVID-19 protocol policy, which is subject to change. Your acceptance of an offer means that you will comply with the COVID-19 protocol policy. Jefferies expects that you will work in-person in the office on a schedule set by your manager or the firm.
Primary Location: US-NY-New YorkJob: OperationsOrganization: CorporateSchedule: Full-time Job Posting: Sep 14, 2022, 8:24:59 AM

The Commercial Loan Closer is directly responsible for the integrity of the loan closing, due diligence, and documentation for assigned loans within the Commercial Real Estate portfolio. This includes ensuring that the loan structure and terms conform to the credit approval and bank policies, the requirements to close are in place and identify and appropriately mitigate exceptions. This position requires an understanding of policies and procedures as they relate to the commercial lending function.

Responsible for initiating and driving the overall loan closing process, developing, and maintaining internal and external relationships, coordinating the activities, decisions, and communications amongst the deal team along with outside counsel and third parties such as brokers, title companies, insurance agents, etc.

Responsible for the integrity of loan closings, due diligence, documentation, and compliance. Including but not limited to: drafting commitment letters, review closing documents, completion of closing checklist, ensure loan structure and terms conform to credit approval and bank policies, special conditions have been satisfied, and identify and appropriately mitigate exceptions. Frequently uses judgement to make decisions that are in alignment with bank policies and risk tolerance guidelines.

Responsible for proactive identification of potential risks and adverse situations that may impact the bank's interest. Communicates and/or escalates risks, pursues corrective action, and drives solutions.

Develops and maintains positive relationships with internal and external customers, that may involve customer-facing activities such as conference calls, correspondence, pre- and post-closing meetings, notarizing signatures, and possibly attending loan closings.

Generates reports as needed to monitor loan closing pipeline, loan closing target dates and deadlines. Ensures loan originations system is updated and correct at all times.
Frequent interaction with Legal Counsel, Brokers, Borrowers, etc.


















Qualifications
Qualifications




Bachelor's degree in a related field and/or equivalent work experience.
2 years of commercial real estate loan closing experience.
Strong verbal and written communication skills.
Highly organized and detail oriented.
Ability to effectively multi-task and deliver quality results within fast paced environment.
Ability to exercise good judgment, make decisions that are well supported and work independently without compromising quality.




Systems Preferred




Prior experience with Salesforce/nCino, Fiserv Signature, AFS, LoanIQ




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Why Work for Us
At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth.
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Citizens, its parent, subsidiaries, and related companies provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability or perceived disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.Equal Employment and Opportunity Employer/Disabled/Veteran
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