Loan Closer jobs in United States, Virginia, Arlington

As a Loan Closer, under the direction of management or designee, you will play a key role in ensuring smooth loan closings, directly impacting clients and supporting the success of the Community Finance group. This role involves working on diverse loan transactions, including those with bond components, and requires strong analytical skills to interpret complex credit agreements. You will be instrumental in driving the closing process for a variety of Community Finance loan products, fostering a culture of trust and efficiency in a fast-paced environment. Our team is committed to providing exceptional servicing, and you will be a key player in achieving this goal. Effective communication and prompt resolution of any issues during the closing process are essential for success.

The Senior Associate will drive the loan closing process in support of the underwriter and capital officer groups, including the review of credit approvals, legal documentation, due diligence, and funding & booking mechanics. The ability to learn quickly and to adapt to change are important skills in this role. Additionally, important are effective communication skills, product knowledge & the ability to clearly convey complex concepts and issues in a concise way.

Key Responsibilities:

• Support the closing of loans where Capital One is the Lender or Administrative Agent

• Serve as the operational point of contact for the group during the pre-closing process

• Support loan closings for a variety of products, across various industries including construction loans & letters of credit

• Review complex legal documents and commercial loan documents to ensure documentation accurately reflects the intentions of the credit approval, that it complies with bank policies & procedures, industry standards, and is operationally feasible to support. This includes careful review for non-syndicated deals as well, ensuring accuracy against credit approval and compliance with policies

• Provide feedback on draft documents pertaining to loan booking and servicing mechanics

• Coordinate the completion of pre-closing requirements with internal & external clients (underwriters, borrowers, lenders, and legal counsel)

• Collection and review of third-party reports (appraisals, environmental, Plan and Cost), & commercial insurance in consultation with real estate & insurance specialists

• Resolve issues that might impede closing and use judgment to involve the manager and internal partners when required

• Execute loan closing, funding & booking activities in ACBS in collaboration with all parties

• Execute and/or review of Transaction Summary Forms, wire set-up/approval and new deal bookings

• Monitor and prompt resolution of exception reporting and cash reconciliation outages

• Create or assist in drafting of operational incident reports, partnering with Commercial Risk on root cause analysis, remediation and prevention

• Effectively communicate deal information & coordinate hand-offs to the life-of-loan servicing team

• Compile collateral package & route to Collateral Monitoring group

• Coordinate the closing of ongoing amendments as the Administrative Agent

• Additional tasks include the reconciliation of cash breaks & fee income, generation of reports & metrics, and testing of process & system enhancements

• Develop, design and follow inter-departmental controls and risk reducing processes

• Ensure Know Your Customer “KYC” requirements have been met prior to closing a transaction

• Complete post-closing activities to ensure that all necessary documentation is received by downstream partners

Basic Qualifications:

• At least 3 years of experience in loan operations, loan closing, construction management, or any combination of the three

Preferred Qualifications:

• Bachelor’s degree or military experience

• 3+ years of experience with Commercial Loan Booking or Commercial Loan Servicing

• 1+ years of experience working with ACBS

• Proficiency with Microsoft and Google products

• Experience with Excel VBA and JavaScript

• Strong communication skills

. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at . All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

Working under the direction of the Head of Agency Screening, the Loan Screening Principal Associate role is to oversee the pre-qualification of new Agency loan opportunities and structure such loans with support from the Head of Agency Screening. This will consist of the preparation and review of sizing models and screening briefs for submission to Underwriting and the Agencies.

The role aligns with established Agency originators, and the Loan Screening Principal Associate engages with their assigned originator(s) to assess their book, identify emerging opportunities, and support them in screening new loan opportunities. From time-to-time, the Loan Screening Principal Associate will support assigned originator(s) in their sales functions by coordinating with borrowers, attending borrower events, and engaging in other sales opportunities.

Responsibilities:

• Fully understand the procedural aspects of screening new Agency Loans from the time of request to Application / Term Sheet issuance and report details out to stakeholders and customers

• Navigate deals through the screening process including coordination with various stakeholders on structuring, sizing, and closing to ensure an efficient process with the client

• Correctly identify all waivers/risks associated with the transactions and provide mitigation recommendations

• Review work of analysts assisting on prescreens

• Partner with Originations to structure and price transactions

• Higher level external exposure to borrowers to include kick-off calls, information gathering, and initial marketing etc.

• Ability to understand complex transactions with complicated borrower structures and unique property/market characteristics

• Responsible for screening submissions to Agencies

• Accountable for high quality outputs on all screening memos to the Agencies and Applications / Term Sheets to the borrower

• Assist in sustaining the company's relationships with contacts/customers to maintain and to increase business

• Coordinate and influence the agencies with originations on deals, ensuring most favorable deal outputs

• Maintain up-to-date knowledge of competitors’ products and pricing in the markets served

• Interpret Fannie Mae/Freddie Mac product sheets for all transaction types, including fixed, floating, supplementals, MHC's, student, etc

• Develop and foster relationships with agency counterparts - take the lead in actively managing the agency relationships, through routine meetings

• Ensure open communication between agency credit lines in order to remedy misinterpretation of agency guidance and expectations

• Manage Screening Pipeline - manage the pipelines of their LOB, providing guidance during routine meetings

• Attend Industry Conferences and Client Meetings in order to assist in the maintenance of crucial relationships

• Identify Special Project Opportunities: In accordance with overall strategy, work to identify special projects, wherein either efficiency or credit effectiveness may be better attained

• Understand and employ all policies and procedures of the Bank and the Line of Business

Basic Qualifications:

• Bachelor's Degree or military experience

• At least 3 years of experience in multifamily underwriting or agency underwriting or screening

Preferred Qualifications:

• At least 2 years of experience underwriting or screening multifamily affordable housing or targeted affordable housing programs

• At least 5 years of experience in multifamily underwriting or agency underwriting or screening

. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at . All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.