Comml Loan Funder Closer II-III job in Dallas, TX| Recruit Arrow
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Title
Comml Loan Funder Closer II-III
Location : Texas, Dallas
Refer job # WYNW338767
 
Job Responsibilities and Requirements: This position will be responsible for the loan documentation on commercial real estate transactions to include construction loans, term loans, and syndicated/participation loans. This position is responsible for the review, coordination, and execution of a loan closing transaction. The average loan size handled by this team is $8MM - $10MM but also includes complex credits up to $65MM; the portfolio totals $14.5B. This position ensures the loan documentation matches the loan approval and all documentation is fully executed to ensure appropriate perfection of liens prior to releasing funds to the borrower. Ensures that all loans and funding documentation are in compliance with federal, state, and BBVA Compass credit policy. Works closely with other banks when BBVA Compass is a participating member in a large bank group. These facilities will usually have exposures upwards of $200MM. Reviews loan approval documentation and generate a comprehensive due diligence needs list according to credit policy and loan type Reviews third party reports (to include Phase I Environmental, Appraisals, Plan & Cost Reviews, Property Condition Reports) Reviews and balances complex construction budgets to ensure compliance with approval and construction guidelines Accurately books new loans to the system Engage bank approved attorneys and facilitate the documentation and loan closing throughout the transaction Timely follow up and management of incoming items from the borrower, RM, and attorney Review title policies, surveys, and related construction due diligence to ensure compliance with bank policies Qualifications Minimum Qualifications: Bachelor Degree in Business Administration, Accounting, or Legal Studies or equivalent experience in Commercial Real Estate, Construction, or Commercial loan closing/servicing/funding. 2 years of Commercial Real Estate closing/funding experience Desired Qualifications: AFS Level III system knowledge Paralegal background/experience Construction Management experience funding/closing/servicing Participation/Syndication experience funding/closing/servicing LIHTC experience a plus.
 
 
 
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