Closing Administrator-Externally Documented L
About this role
At OceanFirst Bank, each one of our employees plays an important role in fulfilling the mission and taking responsibility to execute daily tasks in alignment with our core values. Together we foster an environment of respect, professionalism and diversity that makes OceanFirst a great place to work and do business.
Great benefits include: on-site fitness facility at Red Bank and Toms River headquarter offices, hybrid schedule after initial onboarding has been completed, employee perks & discount programs, tuition assistance, incentive compensation program, professional development opportunities, and more! Apply today to #BecomeOceanFirst and make an impact in the local community!
- Review of executed term sheets and credit approval documents to prepare transaction letters and confirm compliance by counsel of the Bank's due diligence requirements and checklists for use by borrower's counsel and closing agent.
- Review of searches, surveys, metes, and bounds descriptions and entity documents to ensure conformance with the loan approval, conditions and requirements of the bank's term sheets and checklists for closing.
- Final review of form loan documentation based on the loan requirements and due diligence results in consultation with outside counsel, relationship lenders and the credit department.
- Communicate with loan assistants, post-closing department personnel, loan officers, outside attorneys regarding closing requirements, problems and deficiencies with closing requirements and loan status.
- Responsible for follow up to ensure outstanding due diligence items are collected, reviewed and/or completed prior to clearing loans for closing. Follow up and review of outside counsel closing letters.
- Review and approve loan modification agreements, lien release agreements, subordination agreements and various other loan related documents at the discretion of Associate General Counsel.
- Work with commercial credit to create outstanding post-closing loan documentation requirements and deadlines, when necessary. Review and approve post-closing submissions.
- Additional Commercial Lending Duties
- Prepare status reports for new loans and modification files as required.
- Open, maintain and update all electronic loan files as required by the legal department.
- As necessary, handle incoming general calls to the closing department.
- Banking documentation and due diligence requirements skills and strong working knowledge and understanding of terms and concepts in specialized areas, including real estate, mortgage, commercial law, estates and trusts and legal transactions.
- Exceptional drafting and proof-reading skills.
- Proficiency with MS Word and general knowledge of Excel.
- Must be extremely detail oriented with excellent written, verbal, and interpersonal skills.
- Well organized and efficient, and able to prioritize, multi-task and meet multiple deadlines.
- Ability to multitask, work independently, give direction, and handle a fast-paced work environment.
YOUR QUALIFICATIONS
- Associate Degree or paralegal certificate preferred.
- Minimum of five years of commercial lending and real estate transaction closing experience with a financial institution or with a law firm representing a commercial lending group are required.
- Internal contact with all departments and divisions.
- External contact with Bank's outside counsel, borrower closing attorneys and title agents, closing and servicing departments.
Office environment. Ability to operate computer. Ability to communicate in order to exchange simple to complex information with individuals and groups. Ability to travel throughout Bank footprint.
Company at a glance
Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford Inc.
Our strategy is to invest primarily in full-service luxury hotels and resorts which are anticipated to generate RevPAR of at least twice the current U.S. average RevPAR for all hotels as determined by Smith Travel Research. We will seek to acquire both premium branded and independent hotels.
Follow Chairman Monty Bennett on Twitter @MBennettAshford
Top Benefits
- On-site fitness facility
- Hybrid schedule
- Employee perks & discount programs
- Tuition assistance
- Incentive compensation program
- Professional development opportunities
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