CRE Closing Administrator II

Posted 1ds ago

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Job Description

CRE Closing Administrator II closing and funding commercial real estate loans for Banner Bank. Preparing compliant documentation, disbursements, collateral, and settlement records.

Responsibilities:

  • Prepare accurate and timely loan documentation for commercial real estate secured transactions, including reviewing collateral and preparing security agreements
  • Support Home Builder, Income Property, and Affordable Housing lending through closing and administration of construction and permanent loans
  • Review appraisals and pre-construction evaluations for new construction and development loans
  • Validate evidence of prepaid construction costs prior to closing
  • Gather invoices, fees, and escrow settlement information to prepare funding statements and administer loan disbursements
  • Partner with title companies, escrow officers, and insurance agents to obtain and review title policies, balance settlement statements, and verify insurance coverage
  • Oversee loan files and maintain complete and accurate documentation, reporting, statements, and accounting information
  • Assist in establishing and maintaining lien perfection on collateral
  • Support loan extensions, modifications, and routine closing activities
  • Provide guidance, training, and mentorship to newer team members
  • Ensure compliance with bank policies, procedures, security requirements, and applicable government regulations

Requirements:

  • Bachelor’s degree in Accounting, Auditing, Banking, Business Administration, Economics, Finance, or a related field (Required)
  • 2 or more years of experience closing or funding commercial real estate secured loans (Required)
  • Understanding of commercial real estate loan closing processes and documentation requirements (Required)
  • An equivalent combination of education and experience may be considered in lieu of a bachelor's degree
  • Advanced knowledge of commercial real estate loan closing processes, documentation, and related systems
  • Ability to manage multiple priorities while meeting deadlines in a fast-paced environment
  • Problem-solving, research, decision-making, and customer service skills
  • Effective verbal and written communication skills
  • Ability to work independently and collaboratively
  • Proficiency with Microsoft Office products
  • Knowledge of federal and state laws and regulations related to real estate loan closing and funding
  • General understanding of the mortgage and commercial real estate lending industry

Benefits:

  • Annual incentive potential
  • Comprehensive employee benefits, including: medical, dental, vision, LTD, STD and life
  • Paid vacation time, sick time and 11 company paid holidays
  • 401k (with up to 4% match)
  • Tuition reimbursement