Commercial Loan Post-Close Specialist
**Must have at least one year of commercial loan experience to be considered***
The Post-Closing Quality Control Specialist for Commercial Loan Operations performs post-closing quality control review of all new, renewal, modified and extended commercial loan documentation and due diligence, including but not limited to CRE, C&I, Builder Finance, Regional Business Banking, and SBA loans. The review will ensure compliance and adherence to Flagstar Bank's policies and Federal and State Regulations. Knowledge of homebuilder construction, land development, lease, SBA, C&I and commercial real estate processes and structure is required. This position ensures the loan has closed in compliance with credit policy & credit approvals. This position requires knowledge and experience associated with regulatory compliance requirements, reviewing legal language, and structure of many different types of loan documentation, Title Insurance (Endorsements, B-1 Requirements, & B-2 Exceptions), UCC searches, Leases, Construction related due diligence, Entity Structure, Flood regulations and Property and Liability Insurance documents. This is a production-based role with a strong quality component and knowledge of loan documentation required to guarantee success. It requires excellent organizational and communication skills to ensure closing review deadlines are met.
Audit finalized commercial/construction real estate, equipment leasing, SBA, C&I loan documents required for all new, renewal, modification and extension loan requests and identify missing/incorrect Commercial Loan Documents and due diligence. Ensure regulatory and Flagstar compliance, ensure documents are consistent with the credit approvals and credit policy and ensures collateral liens are perfected. This primary responsibility requires in-depth knowledge of Commercial Loan/Credit Agreements, Notes, Deeds of Trust, Mortgages, Entity Documents, Assignment, Security Agreements, Syndication Agreements, UCC Article 9 and Title Insurance language.
Log all tracking items for recorded documents and missing documents. Set up all ticklers for UCC tracking, insurance, flood insurance in the Bank??s systems. Issue and clear loan exceptions. Manage the Letter of the Credit tracking system.
Responsible for the quality control of indexing, scanning, storage of document images within the Bank??s imaging system
Assist in resolving loan issues by dealing with both internal and external parties.
Working hours: 8:30 AM - 5:00 PM
1-3 years of commercial closing, funding or similar homebuilder finance, commercial real estate, C&I, SBA banking background
Knowledge and understanding of loan documentation and structure
Knowledge and understanding of legal language included in Commercial Loan/Credit Agreements, Notes, Guaranty Agreements, Deeds of Trust / Mortgages, Assignments, Subordination Agreements, Syndication Agreements, and Entity documents including entity structure
Detailed knowledge of Title Insurance, including Endorsements, Schedule B-1 Requirements, and Schedule B-2 Exceptions
Detailed knowledge of UCC Article 9
Knowledge of current bank regulatory compliance
Experience with closing loans in multiple states a plus
Excellent written and verbal communication skills
Ability to evaluate documentation and make decisions
Ability to multi-task while still maintaining careful attention to detail
Ability to operate both independently and as part of a team
Ability to organize and prioritize work
AFS Knowledge preferred
Strong general computer skills
SBA knowledge preferred
Must have 1 year commercial loan experience
HS diploma, GED or equivalent required
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