Closing Officer OR Sr Closing Officer
This position may be filled at as Closing Officer or a Sr. Closing Officer based on experience.About the JobResponsible for closing assigned portfolio consisting of Fannie Mae and Freddie Mac commercial mortgages. Independently manage all pre-closing, funding and delivery due diligence including adhering to internal compliance procedures (OFAC, Patriot Act, etc.), credit approval, risk management and documentation standards according to internal closing procedures and controls, and investor documentation and processes. Responsible for providing superior client service in proactively driving the closing process, engaging legal counsel, participating in the deal team, following progress on the closing checklist, identifying items/ conditions to be satisfied and the party responsible; through funding and all post closing functions.Essential Job FunctionsResponsible for providing superior client service while independently maintaining risk management, compliance with bank policies and regulatory requirements, and adhering to internal procedures and controls.Provide closing expertise and ensure ongoing communication in working closely with multiple parties (underwriting team, legal counsel, banker, asset manager, investor, borrower, borrowers counsel, title and insurance agents and other lenders etc.) to achieve a well-coordinated and timely closing and sale to investorClearly and immediately communicates problems/issues and elevates appropriately; assists in resolving issues affecting client service and risk managementResponsible for independently coordinating and review of all loan documentation, insurance, flood, title, survey, and other information for conformity to credit approval, credit policy, closing procedures and commitment letter; reviews and negotiates client-requested legal documentation changes with counsel and deal team as appropriateUtilizes RECWeb system for timely updates on deal status, and timely uploading and maintaining of closing file and all appropriate documentsEnsures all pre-closing conditions of approval are metAuthorizes closings and fundings of assigned portfolio, coordinating funding with Accounting and Servicing teams; verifies all fees and payments were appropriately fundedProactively manages post-closing items and package to investorAssists with special projects to improve the quality of the closing and due diligence services provided to internal and external clients, including periodic update of procedures and guidelines Required Qualifications: 4-year College Degree or equivalent real estate business experienceMinimum 1-3 years' experience closing Fannie Mae and/or Freddie Mac loan productsThe Senior role would require 3 or more years of direct experienceDemonstrated experience with closing process and real estate loan financing including commitment/loan structures, title/liens, insurance, loan documents and other legal documentationDemonstrated ability to negotiate and make decisions on non-standard loan structures, documentation and title policy issues achieving balance between client service and risk mitigationStrong solution-oriented and problem solving skills; detail-orientedStrong aptitude for analysis, systems and mathematicsStrong written and verbal communication skillsAbility to drive multiple parties and processes in a high closing volume environmentStrong planning and organizational skillsPC proficiency including familiarity with Microsoft Excel, Word, and Lotus Notes EmailApply an understanding of the departments vision and purpose to your prioritize work.Please note, this position may also be located in Washington DC, Dallas, TX, Seattle, WA or Overland Park, KS.ABOUT KEY:KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. KeyBank is Member FDIC.ABOUT THE BUSINESS:Key Corporate Bank is a full-service corporate and investment bank serving the needs of mid- to large- sized businesses and focusing principally on middle market clients in six industry sectors: consumer, energy, healthcare, industrial, public sector, and real estate.FLSA STATUS:ExemptKeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.