Salary Range $66,000-$83,000

Job Details

Job Location

Colorado – , COSalary Range

$66,000.00 – $83,000.00 Salary

Description

position

Commercial Loan Closer

division/department

Legal Risk Management

position close date

September 30, 2024

classification

Non-exempt

nature of the position

This essential customer contact position will independently manage and lead the loan closing process from loan approval to funding (and post-closing funding, if applicable) for various CHFA loans and managed program loans.  As the primary liaison and resource to CHFA’s borrowers and partners in the closing process; the successful candidate must professionally and nimbly drive the closing process, manage diverse stakeholders towards a common goal, and extensively collaborate and coordinate with internal and external parties.

essential functions

• Collect and circulate documents required in the closing process, including title, survey, zoning, insurance, appraisal, entity documents, environmental assessment, leases, etc.  Review insurance to ensure applicable requirements are met.
• Setting up and uploading project information in internal databases and systems.
• Creating and maintaining electronic/physical loan folders.
• Accurately and timely preparing check requests, wire transfer forms, and settlement statements.
• Accurately and timely processing the pre and post-closing packages, and transferring loan documentation to the appropriate business units and records database.
• Other duties include: pipeline management, leading status meetings and/or loan closing calls, updating information for weekly reports, coordinating decision making activities, updating weekly loan closing checklists, constantly seeking efficiencies and process improvements and all other duties, as assigned.

knowledge, skills, and ability      

• Thorough knowledge of the commercial loan closing process, title insurance, loan documentation, legal entities, hazard and liability insurance, zoning and other areas of commercial real estate lending. 
• Basic knowledge of generally accepted accounting practices.
• Intermediate knowledge of Microsoft Excel
• Strong customer service skills, including the ability to (i) maintain open communication with internal and external clients to resolve problems and issues with a focus on strengthening business relationships; and (ii) communicate—both orally and in writing—in a positive, effective, diplomatic and friendly manner.
• Innovative and creative thinking skills to develop customer-centric solutions based on internal and external feedback.
• Ability to work under pressure and handle multiple priorities.
• Strong organizational and time management skills to ensure deadlines established for tasks, projects, and schedules are met.
• Abilities that reflect CHFA’s values:
  • Ability to continuously improve and develop knowledge and skills while adapting quickly to changing circumstances and processes
  • Ability to work towards inclusion in all activities and decisions through the solicitation and appreciation of diverse perspectives
  • Ability to exercise personal accountability in all activities and decisions
  • Ability to embrace a culture of operational excellence to ensure processes are continually evaluated and improved as necessary
  • Ability to operate with a sense of integrity
  • Ability to have fun
  • Ability to establish rapport with persons of diverse ethnic, racial, and cultural backgrounds

experience/education

• Five years of work experience as a loan closer or similar position specializing in commercial lending on behalf of lenders or law firms. 
• Experience with, and knowledge of, federal insurance programs such as FHA multifamily, USDA, SBA, tax exempt bonds, and Low-Income Housing Tax Credit and New Markets Tax Credit is helpful but not required. 

equipment used

Telephone, Microsoft Office applications, personal computer, calculator, photocopier, and fax machine.

work environment

The Commercial Loan Closer will perform the essential functions of the position primarily in a hybrid environment. Ability to perform essential functions with or without assisting devices. This position requires moderate to high levels of interaction and collaboration with others.   

validation statement

This job description is a general description of essential job functions. It is not intended as an employment contract, nor is it intended to describe all duties someone in this position may perform.

hiring range

$66,000 – $83,000             

benefit information

• Please visit our benefits page for additional information https://www.chfainfo.com/careers/compensation

how to apply

External candidates: Please submit your resume online at www.chfainfo.com/careers  – Job Opportunities Tab