National Cooperative Bank (NCB) is seeking a Senior Loan Closing Coordinator for our Arlington, VA office.
The Sr Loan Closing Coordinator supports the Loan Closing Team by facilitating the loan closing process for lines of business from receipt of term sheet through closing and funding.
Responsibilities include facilitating the loan closing process for complex closings and ensure a timely closing to meet lender and regulatory requirements. This includes, but is not limited to, receipt and review of Loan Approval, Commitment Letter, engagement of legal counsel, review loan documents to ensure all closing conditions are met, oversee ordering of third-party reports when requested from Underwriting. Loan Closer will prepare weekly status reports to Closing Manager, prepare Settlement Statements, prepare disbursements and orchestrate closing for the following lines of business:
Loan Closer will review required due diligence associated with loan closing in accordance with industry standards and lender guidelines. Must communicate any potential risk or issues that arise during the process to management while providing guidance for additional documentation as applicable.
The candidate for this position must possess the following:
A minimum of 5-10 years’ experience in banking/financial institution, commercial real estate or loan closing/processing is required. Experience with Commercial/CRE insurance preferred.
Paralegal certification would be helpful
A BA or BS degree or equivalent work related experience
National Cooperative Bank (NCB) was honored for the 7th consecutive year on The Washington Post Top Workplaces list for mid-size companies. Since our founding over 40 years ago, NCB has maintained an uncommon mission in the banking industry – ensuring our efforts benefit those most in need, supporting low-income communities and the expansion of cooperative initiatives. We contribute to the building blocks of sustainable communities: investing in clean energy, small business and affordable housing, expanding access to healthy food and affordable health care, plus much more.