Commercial Loan Closing Assistant

Grand Pacific Financing Corp.

Commercial Loan Closing Assistant

Monterey Park, CA
Paid
  • Responsibilities

    Grand Pacific Financing Corporation is looking for a Commercial Loan Closing Assistant who will be responsible for completing tasks related to the closing of commercial loans. The closing assistant will work with internal and external parties including lenders, clients, borrowers, third parties (such as escrow agents and title companies), and attorneys to process commercial loan closings. We invite you to apply today! Responsibilities: • Track, collect, and assemble appropriate closing documents, due diligence and information in connection with loan transactions • Review the preliminary title report, resolve issues, and request the appropriate endorsements for the final policy • Coordinate with underwriting, legal, compliance, and other departments to ensure all conditions are met prior to closing • Review organizational documents and confirm that all parties and signature blocks are accurately reflected in all closing documents • Confirm all signature pages have been received and all documents are complete • Prepare and review loan documents for execution by all parties • Prepare UCC Financing Statements • Confirm all loans are closed in compliance with company procedures and requirements, and follow up, as needed, with borrowers, lenders, and title companies on items required to close • Follow up on post-closing requirements • Proofread loan documents • Other tasks as assigned by the supervisor Qualifications: • High school diploma with 3 to 5 years of experience in commercial loan closing/paralegal, or a Bachelor's degree in Finance, Business administration, or related field preferred • Legal or paralegal background is a plus • Comfortable in a fast-paced environment • Knowledge of lending and closing procedures • Experience with title insurance policies and title policies • Adept at working both independently and as part of a team • Excellent organizational and communication skills • Attention to detail is a must • Ability to manage multiple tasks and meet deadlines Compensation: $52,000 - $57,000/year plus bonus

    • Track, collect, and assemble appropriate closing documents, due diligence and information in connection with loan transactions • Review the preliminary title report, resolve issues, and request the appropriate endorsements for the final policy • Coordinate with underwriting, legal, compliance, and other departments to ensure all conditions are met prior to closing • Review organizational documents and confirm that all parties and signature blocks are accurately reflected in all closing documents • Confirm all signature pages have been received and all documents are complete • Prepare and review loan documents for execution by all parties • Prepare UCC Financing Statements • Confirm all loans are closed in compliance with company procedures and requirements, and follow up, as needed, with borrowers, lenders, and title companies on items required to close • Follow up on post-closing requirements • Proofread loan documents • Other tasks as assigned by the supervisor

  • Compensation
    $50,000-$55,000 per year