Residential Loan Closer

About us:

Connect One Bank proves that putting people first is a better way to do business. At Connect One, we’re builders — of businesses, communities, and equity. Most importantly, we’re building opportunities. Our mission is to ensure our employees feel empowered to make important decisions, reach their potential and truly make an impact.

Connect One is a growth organization by design; it is part of our DNA and we take pride in seeing our employees grow with us. Founded in 2005 by an entrepreneur, we have grown into a high-performing commercial bank, inspiring a new model for our industry’s future. By embracing technology and all the ways it can help us become a world-class service organization, we support small business owners by fueling their mission.

People First is the blueprint for our culture. It is at the foundation of everything we do and the decisions we make. At Connect One, you have the opportunity to be a part of a dynamic culture and team. Develop your forward-thinking skills, thrive in an entrepreneurial setting, and succeed at “a better place to be”.

Connect One Bank is an Equal Housing and Equal Opportunity Lender, and a member of the Federal Deposit Insurance Corporation.

The Residential Loan Closer is directly responsible for the integrity of loan closing, due diligence, documentation, funding, and booking review for assigned loans. The Closer ensures that loan structure and terms conform to the credit approval and bank policies, that all closing requirements have been satisfied, and that all exceptions are identified and appropriately mitigated. The position requires an understanding of policies and procedures as they relate to the lending function

• Support the Bank’s “People First” focus and rules of engagement—maintaining a professional demeanor, working as an active member of the CNOB team, providing all clients excellent service, always striving to make CNOB “A Better Place to Be”.
• Manage assigned pipeline and process approved loans for closing and funding of Residential Mortgages (e.g., Conventional, FHA, Jumbo), Consumer Loans, Renewals, Extensions, and Modifications.
• Initiate and drive the overall loan closing process – develop and maintain internal and external relationships; coordinate the activities, decisions, and communications amongst the internal deal team, outside counsel and third parties (e.g., title companies and insurance agents).
• Responsible for the integrity of loan closings, due diligence, documentation, and compliance (e.g., drafting commitment letters, review of closing documents, completion of closing checklist; ensuring loan structure and terms conform to credit approval and bank policies, pre closing special conditions are satisfied, and exceptions are identified and appropriately mitigated).
• Use judgment to make decisions that are in alignment with bank policies and risk tolerance guidelines.
• Proactively identify potential risks and adverse situations that may impact the bank’s interest; communicate and/or escalate risks, pursue corrective action, and drive solutions.
• Develop and maintain positive relationships with internal and external clients (e.g., client facing activities such as conference calls, correspondence, pre- and post-closing meetings).
• Generate reports to monitor loan closing pipeline, loan closing target dates and deadlines; ensure loan origination system (nCino) is updated and correct at all times.
• Order and/or review title commitments, flood search, appraisals, and property searches; coordinate receipt of all required third-party reports.
• Review and confirm insurance certificates / adequate coverage is in place prior to closing (e.g., property/hazard insurance, liability, builder’s risk, flood & contents).
• Prepare in-house loan documents for new loans, modifications, renewals and/or extensions on the CSI system.
• Review organizational documents to determine compliance with Patriot Act and Beneficial Ownership.
• Prepare tax and insurance escrow analysis as required; verify escrow amount to be collected at closing.
• Preparing flow of funds (Closing Letter) for Bank Counsel (which includes wire break-down, fees,…