Commercial Closing Coordinator
Omaha, NE, US, 68137-2210
Compensation Data
Salary Base: $60,730 - $99,170
Job Summary
Farm Credit Services of America (FCSAmerica) is a great place to work. You see it in our people and the relationships they have with each other and our customers. Our passion and commitment to serving both rural America and each other is key to our success in the marketplace.
We are looking to hire a Commercial Closing Coordinator to join our team! You will be tasked with coordinating and leading the loan closing process for purchased credit facilities as well as facilitating the loan closing process for transactions with documentation prepared by external legal counsel. You will be asked to effectively manage the closing timeline to ensure the Associations exceed established service standards. In this role you will use your expertise to ensure the repayment and collectability of Association assets through the correct facilitation and review of key legal pre-close and post-close documents such as credit agreements, participation certificates, lending agreements, mortgages, other security documentation and other lending documents.
Essential Duties & Responsibilities
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Conduct review of all loan documentation to ensure all legal, credit, collateral, and regulatory requirements are included in the documentation.
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Portfolio consists of multi-state, multi-entity, loans originated and purchased from a variety of lending partners. Closing Coordinators will work with the Associations’ external legal counsel to coordinate loan closings for customers that may have loan exposures over $100MM.
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Review documents received from originating lenders on purchased credit facilities to ensure approved terms and conditions are appropriately documented and all required documents were obtained in accordance with established procedures.
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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.
Education Requirements
- Bachelor’s degree in Business, Business Law, or a Paralegal Program is preferred
Years of Experience
- 7+ years’ experience in commercial real estate lending environment in a financial institution, loan closing and documentation function in a law firm, and/or experience in a title company closing commercial real estate loans
Certification and Technical Requirements
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All hires must have the ability to complete Loan Closing Certification as provided by internal legal team within 12 months of starting in this role.
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Thorough understanding of UCC Law.
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Thorough understanding of Real Estate Law.
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Proficiency in reviewing title work, surveys, collateral, lien filings, appraisals and environmental reports
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Understanding of participated and syndicated loans both originated and purchased