Job Details
Builders Capital is looking for a seasoned Closing Specialist to join our team! As a Closing specialist, you play a pivotal role in the final stages of the loan process, ensuring accuracy and compliance with regulatory guidelines. Your responsibilities include reviewing loan documentation, coordinating with various stakeholders, and facilitating the timely and precise closing of transactions. The ideal candidate possesses a strong understanding of lending procedures, attention to detail, and excellent communication skills.
Builders Capital is the nation's largest private construction lender, offering innovative financing solutions to a wide spectrum of developers and homebuilders. Loan products include options for Acquisition, Development, Construction, and Bridge financing, in the form of single-asset loans, portfolio loans, and revolving credit facilities. In addition to financing opportunities, Builders Capital borrowers can leverage national accounts for material purchase discounts, and access cutting-edge technology for project management, accounting, and BIM technology tools.
Day to Day:
- Guide loans through the loan closing process.
- Gather documentation, data entry, review and validation of loan documentation, preparation of closing documents, and loan funding.
- Manage pipeline to ensure all title commitments and closing documents are ordered promptly.
- Communicate with escrow, loan officers, and processors via telephone and email to obtain information, answer questions, and coordinate closing efforts to help borrowers reach closing promptly.
- Draw closing documents without error, engaging with management, legal, and underwriting as needed.
- Review preliminary settlement statement and closing disclosures provided by Escrow.
- Review executed loan documents for accuracy. Obtain original signatures and initials on all closing packages before approving the release of wires or releasing escrow to record.
- Clear closing conditions based on the documentation provided. Obtain and document exceptions as needed.
- Adhere to policies for wire disbursements.
- Confirm wire instructions before sending the initial funding package.
- Assist in file assignments and load balancing to optimize the workflow of the Closing Department.
- Use sound judgment and standard industry practice to meet or eliminate requirements from the title commitment.
- Aid in clearing post-closings conditions, loan sales, and due diligence reviews as needed.
- Help leadership with ad hoc projects as assigned.
Qualifications:
- Minimum of 2-5 years lending experience.
- Minimum of 2 years loan closing and funding experience.
- Previous experience in private or non-bank mortgage lending environment preferred.
- Strong interpersonal and communication skills (via phone and E-mail) with the ability, desire, and enjoyment in working with all stakeholders in a cooperative, professional, and friendly manner.
- Excellent organizational and time management skills with attention to detail.
- Ability to operate in a dynamic fast-paced environment while managing multiple competing priorities.
- Works as a team to manage a pipeline of loans in various stages of the funding process.
- Dependability and punctuality.
BENEFITS:
- Health insurance Builders Capital pays 100% of employee medical insurance premiums.
- Competitive wages
- Paid time off 3 weeks a year.
- Paid holidays 10 paid holidays.
- Health Savings Account (HSA) Builders Capital puts $62.50 a month into an HSA account for employees.
This job posting highlights the most critical responsibilities and requirements of the job; however, there may be additional duties, responsibilities, and qualifications for this job.
Construction Loan Services II LLC (Builders Capital) and its affiliates are Equal Employment Opportunity (EEO) employers and welcome all qualified applicants. This is a full-time, exempt position. The job description contained herein is not intended to be a comprehensive list of the duties and responsibilities of the position, which may change without notice.