CRE Closing Administrator II

Summary

Join Banner Bank as a Loan Closing Specialist and play a crucial role in real estate transactions. Prepare loans for closing, ensuring accurate and timely documentation, including reviewing collateral and preparing security agreements. You will perform system updates on loans and modifications, review appraisals, and administer loan disbursements. Collaborate with third-party inspectors and manage loan files for accurate reporting. Compliance with policies and regulations is essential. This position requires a Bachelor's degree, 2+ years of mortgage closing experience, and advanced knowledge of closing processes. Banner Bank offers competitive compensation, comprehensive benefits, and professional development opportunities.

Requirements

• Bachelor's Degree: required (an equivalent combination of education and experience may be considered)
• 2 or more years of experience in mortgage closing or funding required
• Advanced knowledge of closing processes and systems
• Possess strong organizational, problem solving, research, decision making, written and verbal communication, and customer service skills with the ability to work within defined timeframes and make deadlines
• Ability to work independently or as part of a team, set priorities and handle multiple tasks
• Proficient in MS Office products with the ability to learn new software applications
• Knowledge of general business methods and techniques
• Possess strong attention to detail and accuracy, with the ability to exercise good judgment, accept responsibility, and handle confidential information in a secure manner
• Knowledge of federal and state laws and regulations relating to real estate closing and funding
• General knowledge of the mortgage industry

Responsibilities

• Prepare loans for closing ensuring they have correct loan security documents
• Prepare shipping documents and calculate pro-rated taxes and/or assessments as needed per specific loan programs
• Ensure appropriate compliance requirements are met for loan closing and funding documentation
• Provide training and mentoring to less experienced staff
• Responsible for accurate and timely preparation in documentation on real estate transactions including review of collateral and preparation of appropriate security agreements
• Perform updates to the system of record on new loans, existing loans, and modifications
• Responsible for reviewing appraisal and preconstruction evaluation on new construction and development loans
• Balance through evidence of pre-paid construction costs prior to loan closing
• Administer loan disbursements in accordance to loan administration policy and guidelines
• Partner with third party inspectors to identify, evaluate and elevate any issues regarding construction budget and construction schedule
• Oversee and manage loan files to assure accurate reports, statements, and accounting information
• Assist in establishing and maintaining lien perfection on various collateral
• Responsible for complying with policies, procedures, security requirements, and government regulations

Benefits

• Targeted starting compensation range is based on location and experience: $63,105 - $83,150
• Incentive and commission compensation may be awarded for eligible roles
• Comprehensive employee benefits, including medical, dental, vision, LTD, STD and life
• Paid vacation time, sick time, personal days, paid volunteer time and 11 company paid holidays
• 401k (up to 4% match with immediate vesting)
• Tuition reimbursement