• Location: Northern New Jersey NJ
• Type: Contract to Hire
• Job #24417

Company Overview:
A regional bank headquartered in New Jersey provides personal and business banking services, including management and digital banking solutions. They are seeking a Loan Closing Administrator to facilitate document preparation and closing of various loan types.

Job Responsibilities:

• Review proposed loan documents for conformance with loan approval/commitments.
• Organize files and ensure receipt of all required closing documentation, due diligence, and compliance.
• Coordinate with attorneys, Relationship Managers, and other professionals to schedule timely closings.
• Ensure proper setup of LaserPro and attorney-prepared documents for various loan types.
• Coordinate post-closing items with the post-closing administrator.
• Confirm proper loan establishment on the system by Loan Operations.
• Interact with lenders and borrowers for submission of required advance documentation.
• Calculate closing advance figures and review loan approval documentation.
• Perform due diligence for all closings and loan advances.
• Create and verify loan closing statements with approved closing figures.
• Update loan closer reports and keep the Lender informed of loan status.
• Review loan documents for required release consideration and issue necessary documents.
• Maintain current loan files and respond to customer inquiries.
• Perform post-closing follow-up to ensure receipt of all required documentation.

Qualifications:

• 3-5 years of related experience in commercial loan closings.
• Proficiency with Microsoft Office and knowledge of LaserPro document preparation are a plus.
• High School Diploma or GED required; Bachelor’s degree preferred but experience can substitute.

Compensation:
Pay Rate: $35 – $40/hr, DOE