Overview
CRE Loan Closing Specialist Sr Jobs in Dallas, USA at Huntington National Bank
Position: CRE Loan Closing Specialist Sr.
The CRE Loan Closing Specialist Sr. is responsible for initiating and driving the loan closing process, and for the integrity of the loan closing, due diligence, and documentation while managing and expediting complex and concurrent processes and organizing all necessary documentation to finalize complex Commercial Real Estate loan transactions. The CRE Loan Closing Specialist Sr. ensures accuracy, compliance with regulations, and coordinates activities, decisions, and communications with various parties involved, such as lenders, borrowers, legal teams and other third parties.
This position involves meticulous attention to detail and a thorough understanding of Commercial Real Estate loan terms including legal concepts, collateral acceptability, and final closing conditions. Expertise in review and interpretation of deal structures and legal documentation along with working through “gray areas” presented is required. Additionally, CRE Loan Closing Specialist Sr. reviews and signs closing documents, ensures the loan structure and terms conform to the credit approval and bank policies, confirms requirements are in place, and identifies and appropriately mitigates exceptions to facilitate smooth and timely closing.
This position works closely with customers, outside counsel and external consultants, Credit Administration, and Commercial Real Estate partners along with other business segments to deliver outstanding experience to customers and business partners, while carrying out sound risk management practices within a dynamic business development environment.
Duties And Responsibilities
- As a CRE Loan Closing Specialist, Sr., your role involves overseeing and managing the entire commercial loan closing process.
Responsibilities include:
- Leadership:
Provide leadership and guidance to deal teams, ensuring cohesion and effective collaboration. Mitigates issues/questions being elevated to Management. - Complex Transactions:
Handle intricate and high‑value commercial real estate loan transactions, with custom, complex terms and due diligence that involve construction, acquisition, bonds, tax credits, credit derivatives, participations, and syndication transactions etc, demonstrating an advanced understanding of complex financial structures. - Compliance Oversight:
Ensure strict adherence and serve as control point to regulatory requirements (such as Flood and OFAC) and industry standards (such as Construction Monitoring and Specialized business needs) throughout the loan closing process. - Problem Resolution:
Address and resolve complex lending issues that may arise during the closing process, facilitate and collaborate with various stakeholders, communicate and/or escalate risks, pursue corrective action and drive solutions. - Orders and reviews due diligence such as flood determinations, insurance, title commitments, and other pre‑closing items, and coordinate review with respective deal team, outside counsel and other third parties. Prepare closing statements, ensuring all fees are collected (e.g. appraisal fees, commitment fees and other closing fees). Prepare forms necessary to book loan on system of record.
- Responsible for clearing any outstanding post‑closing items and collateral exceptions and ensures accuracy of loan and customer information on the system of record; work with Commercial Loan Servicing to resolve errors. Manage closing checklist, certifications, and closing files according to standards.
- Training and Mentoring:
Train and mentor junior loan closers, sharing expertise and best practices to enhance the team’s overall performance. - Process Improvement:
Identify opportunities to enhance efficiency and effectiveness in the loan closing process, and work with management to implement improvements where needed. - Client Interaction:
Engage with clients, lenders, and legal teams to facilitate smooth and transparent communication throughout the closing stages. - Risk Management:
Assess through critical thinking and mitigate potential risks associated with commercial loan transactions, ensuring the protection of the institution’s interests along with that of our fellow colleagues and borrowers.
Title: CRE Loan Closing Specialist Sr
Company: Huntington National Bank
Location: Dallas, USA
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