BBVA Compass

Comml Loan Funder Closer II-III

Job ID
2017-110706
Category
COMMERCIAL BANKING
FLSA Status
EXEMPT
Type
FULL TIME
EOE Statement
Equal Opportunity Employer - Minority/Female/Disability/Veterans.

Overview

At BBVA, we are working to make banking better for everyone. That is where you come in. We are looking for smart, team oriented people who want to be part of a first-class workforce that gives people the tools they need to meet their financial goals, all while delivering an outstanding client experience. Learn more below.

Responsibilities

General Summary:

 

This position is responsible for post – closing, funding and servicing of commercial real estate construction and term loans.  The CRE funder is responsible for accurately disbursing and balancing loan funds and equity over the life of a real estate project.  Responsible for all servicing, including rate option pricing, grid pricing, and complex servicing to include participations/syndications bought and sold.  Monitor construction process to ensure lien-free completion and accurate funding during the construction process.

 

Key responsibilities:

 

  • Reviewing the loan approval and loan documents
  • Reviewing/balancing the project budget to include loan funds and equity
  • Reviewing loan advance requests for accuracy and completion, to include borrower budget, AIA G702/G703, lien waivers, and numerous industry standard construction documents
  • Funding the loan according to the bank approval and the loan documents
  • Ordering date down endorsements from title
  • Ordering third party reports as needed
  • Reviewing all due diligence items as they come in for accuracy and sufficiency, according to Bank policy
  • Timely follow up and management of incoming items from the borrower, attorney, and relationship manager
  • Reviewing title policies, surveys, environmental reports, appraisals, and any third party report that relates to the transaction.
  • Accurately funding advance requests utilizing AFS, CLCS, and Loan Administration.
  • Review and balance the loan on AFS Level III
  • Working with business partners in the Loan HUB to ensure accurate servicing of the loan to include:  rate changes, payment schedules, SWAP information, etc.
  • Managing welcome calls with the borrower, contractors, lender, and attorney

Qualifications

Qualifications / Skills / Experience:  AFS Level III, CLCS, Excel, Construction Management

 

Minimum requirements

  • Bachelor degree in Business Administration, Accounting or Legal Studies or an equivalent of 2 years of professional experience

 

Experience:

CRE loan closer funder II

  • 2 years in Commercial Real Estate loan funding.
  • 2 years within a financial institution and/or law firm with extensive experience funding large Commercial Real Estate credits

 

CRE loan closer funder III

  • 3-4 years in Commercial Real Estate loan funding or construction administration.
  • 3-4 years within a financial institution and/or law firm with extensive experience funding large Commercial Real Estate credits. 

 

Desirable

  • Paralegal experience is a plus
  • LIHTC (Low Income Housing Tax Credit) experience
  • A combination of experience in two or more of these areas is highly desired – legal, loan closing, loan administration, loan documentation, loan review, audit or compliance, construction administration, construction management
  • Proven track record of in-depth review of all types of commercial loan documentation, along with extensive knowledge/experience in commercial real estate funds administration
  • Detail Oriented. Must be able to balance loan budgets and identify budget issues
  • Ability to handle stress and prioritize multiple tasks while meeting Service Level Agreements
  • Focus on accomplishing work assigned within a frame time
  • Must be able to communicate effectively and professionally to all levels within the organization to include peers, executive management, attorneys, and third party vendors.

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