Real Estate Loan Closer

JOB SUMMARY

Responsible for accurate and complete preparation of loan closing documentation for complex products in California and Other States. These products are comprised of commercial, multi-family, single family construction, cross-collateral and coops. Products for Other States requires specific knowledge in title issues, prepayment penalty requirements and documentation nuances. Manages a region specific to loan product such as Coops in NY or 1 - 4  Residential lending in the approved 44 states. Manages the relationships with attorneys in a specific region to ensure that documentation is accurate based on loans closed in that region.

DUTIES & RESPONSIBILITIES

1.  Audit loan file for company policy, federal and state regulation and documentation requirements. Also review: preliminary title report for title requirements, appraisal, trusts, entity formation documents for preparation of loan documents.

2.  Determine which legal documentation to be used (includes REGZ/RESPA documentation).

3.  Prepare loan documents using our origination system, Hot Docs and Word for Out of State Loans, Coops, Commercial, Multi-family, Cross Collateral and Modifications.

4.  Work with Attorneys to prepare specific loan documents for the loan. Manages the relationship to prepare documentation as requested by the borrower's attorney and ensures that company requirements are met and approved.

5.  Responsible for maintaining up to date documentation for a region and product. Reporting any changes required to documentation to management. Making sure our systems are updated with any changes necessary to prepare documentation.

6.  Conduct cross-training and assist staff  to provide growth and depth in the department. Provide others with training material as needed.

7.  Able to handle a high stress environment: highest mid-month through month end, quarter end and year end.  Must be flexible with overtime hours, must be able to work in an environment of constantly changing deadlines without losing required high level of accuracy and production.

8.  Perform Duties and responsibilities specific to department functions and activities.



9.  Perform other duties and responsibilities as required or assigned by manager.

10.  Responsibilities include the following:  1) adhering to and complying with the applicable, federal and state laws, regulations and guidance, including those related to Anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.) 2) adhering to Bank policies and procedures, 3) completing required training,  4) identifying and reporting suspicious activity to the AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank.

SKILLS, KNOWLEDGE & ABILITIES

Excellent written and verbal communication skills

Detail oriented

In-depth understanding of multi-state loan documentation, coop  documentation in CA and NY.

Understanding title requirements, trusts and entity formation documentation

Please visit our website for more information:  www.firstrepublic.com

First Republic Bank is an Equal Opportunity Employer.