Closing Specialist III

ABOUT LENDISTRY

Lendistry is the country's largest minority-led and technology-enabled small business and commercial real estate lender with Community Development Financial Institution (CDFI) and Community Development Entity (CDE) certification. We are a national employer whose mission is to provide economic opportunities and progressive growth for small business owners and their underserved communities as a source of financing and financial education.

GENERAL RESPONSIBILITIES

• Review executed documents for the funding/closing team, including, but not limited to, borrower entity documents, transaction agreements, preliminary title documents, escrow items, compliance documents, insurance evidence, flood certifications, commercial appraisals, environmental report, etc.

• Follow up, as necessary, to obtain missing items and/or needed corrections.

• Support the funding and closing teams with new loans, extensions, modifications, and renewals.

• Maintain expert knowledge of all closing and funding functions.

• Assist in the direction and operations of the closing team.

• Follow all policies and procedures, along with agency, state, and federal guidelines.

• Time management required with assigned tasks, operations and quality control; ensures coordinating available resources for maximum results.

• Ensure timely and efficient loan closings, verifying all conditions have been satisfied prior to funding in accordance with Lender's Instruction and Disbursement listed on the Comprehensive Check List.

• Ensures all loans are closed within Lendistry approved authorization and collateral is perfected in accordance with SLAs.

• Work directly with Title Company for recording of collateral.

• Set up closing with closing agent, title, and escrow and

• Review and update the Comprehensive Checklist as needed.

• Initiate funding request to QA Manager for approval to Treasury and Accounting department upon receipt of loan funded.

• Provide loan data to internal departments.

• Act as support for the QA Manager by reviewing borrower disbursement requests as well as review draws managed by alternative funds control vendors.

• Perform duties specific to the position and other functions as assigned.

PROFICIENCIES

• Detailed oriented and strong organization skills.

• Proficient with Microsoft office, including Teams.

• Knowledge of funding guidelines and procedures.

• Must work effectively with other staff members and work well in a busy environment.

• Excellent verbal and written communication skills.

• Good interpersonal skills with the ability to work effectively with individuals and groups at all organizational levels, and the ability to work independently and as part of a team.

• Strong analytical ability with active listening skills.

• Willingness to adapt to changing business needs and deadlines, including extended work hours.

• Exhibit a professional, business-like appearance and demeanor.

EDUCATION AND EXPERIENCE

• Previous Loan Closing experience in Commercial and Industrial, Commercial Real Estate, and Multi-disbursement required. Supervisory or Team Lead experience preferred.

• Bachelor's degree in related field or more than 5 years of equivalent experience.

• Financial services work experience of more than 5 years.

• LaserPro experience preferred.

• Salesforce experience preferred.

SALARY

$60,800 - $92,200/annually, depending on experience and location