Commercial Loan Closing Specialist at Kforce Inc in Los Angeles, California

Job Description:

RESPONSIBILITIES:

Kforce banking client is seeking a Commercial Loan Closing Specialist to work onsite in Los Angeles, CA. The Commercial Loan Closing Specialist is responsible for all aspects of loan closing and perfection of collateral.

Responsibilities:

• Day-to day loan closing duties, including, monitoring e-mails, ordering tax service contracts, collateral perfection and funding of loans


• Close all loan types, including large and complex commercial loans


• Prioritizes workload to accommodate the fast-paced environment and time-sensitive deadlines


• Assists with various department functions in the absence of staff members or in the case of high-volume situations


• Offers feedback and suggests solutions to issues that may arise throughout the closing process


• Provides support to Loan Documentation and areas of the department, in which service or assistance is needed


• Collects and reviews documents required for closing


• Interacts and communicates effectively with commercial lenders and the closing team to ensure loans are closed, in accordance with the terms of the loans


• Works closely with escrow, title, and lending personnel to ensure timely and efficient loan closings, as well as, to clear any collateral defects for completion of the documentation file


• Ensures loan closing, funding, wire preparation and forwarding of loan for booking are completed within set timeframes and guidelines


• Conducts on-line searches for the company's data, files UCC's, order tax service contracts and generates various other reports


• Reviews UCC post-search reports and title policies to ensure the company's correct lien position


• Maintains and collects loan and collateral documents and provides related documents, as required, to the Loan Operations Department, lending personnel and for internal and external audits


• Ensures loan and collateral documents are scanned into the company's designated document management system

REQUIREMENTS:

• Bachelor's degree preferred and at least 1-3 years of related experience and/or training


• Work related experience must consist of commercial real estate, C & I and SBA Lending background


• Educational experience, through in-house training sessions, formal school or technical industry related curriculum, should be business or financial industry related


• Knowledge and understanding of loan documentation, structure and loan closing


• Intermediate skills in computer terminal and personal computer operation, mainframe computer system, word processing, typing and spreadsheet software programs to meet the needs of the position

The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. This range may be modified in the future.

We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.

Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless
and until paid and may be modified in its discretion consistent with the law.

This job is not eligible for bonuses, incentives or commissions.

Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.

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