Popular Bank · 1 day ago
PAB Closing Officer
Miami Lakes, FL
Full-time
Hybrid
Entry, Mid Level
2+ years expPopular Bank is a leading financial institution in Puerto Rico with a strong presence in the United States and Latin America. They are seeking a PAB Closing Officer responsible for closing due diligence and documentation of commercial loans, ensuring all necessary documentation is processed efficiently and accurately.
BankingFinancial ServicesLending
No H1B
Responsibilities
Receive and review requests for closing community association commercial loans
Be responsible for effectively processing a high volume of loan requests under minimum level of supervision, by obtaining, verifying, completing, and maintaining all necessary loan documentation
Review and research lit/lien, title searches, and title commitments, and work with loan officer to clear all exceptions
Ensure that all formation documentation such as Articles of Incorporation, Certificates of Trust, Certificates of Good Standing, Corporate Resolutions, Bylaws etc., are included in the loan package, as applicable
Review types of collateral being taken by the Bank, for appropriate documentation and to ensure Bank’s ability to perfect its position
Update the Loan Closing Access Database and/or related applications to ensure all pre-closing conditions, documentation, and requirements are met prior to funding
Coordinate closings with Borrower’s attorney and Bank’s counsel
Funding: Review loan documentation and prepare boarding package to ensure that all required documentation is signed and included
Funding: Ensure the accuracy of wire instructions, obtain insurance certificates, verify holds, verify deposit account openings, obtain proof of UCC filing, and obtain any other documents as required
Post-Closing: Complete closing checklist, send Welcome Letter, and ensure all post-closing ticklers are updated in a timely manner
Maintain a specialized knowledge of the documentation department’s function, terminology, policies and procedures, and related laws and regulations at the local, state, and federal levels
Additional duties and responsibilities may be assigned as needed to support departmental operations
Qualification
Required
Strong analytical/math skills to identify and resolve problems
To provide service excellence by identifying key client business issues, determining client needs by supplementing the standard assessment techniques and tools with innovative approaches, evaluating and validating analysis and developing recommendations for the business
Strong oral and written communication skills including presentation skills
Detail-oriented and able to take initiative in owning multiple projects
Proficiency with Microsoft Office
High school diploma or general education degree (GED) with a minimum 2 to 4 years prior commercial lending experience in a high volume closing unit is required
Important: The candidate must provide evidence of academic preparation or courses related to the job posting, if necessary
Applicants must be authorized to work for any employer in the United States. This position is not open to applicants who need visa sponsorship or transfer of visa sponsorship at this time
Preferred
Metavante/FIS IBS Insight experience is highly preferred
Company
Popular Bank
Popular Bank provides mortgage, cash management, credit cards, loans, investments, financial, and banking services.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Yanetsy Iturralde Compain, MSHRM
Our People Strategic Partner, VP - South Florida Region
Meenakshi Thanikachalam
Executive Head of Data & Analytics (Chief Data & Analytics Officer)
Recent News
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