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Wells Fargo is seeking a Lead Closing Coordinator to support our Real Estate Banking (REB), REIT Finance Group (RFG) and Specialty Real Estate Finance (SREF) teams in our Commercial Real Estate (CRE) division. The Lead Closing Coordinator will collaborate with all parties involved to ensure loans are closed accurately and in accordance with CRE closing requirements.
Job Responsibility:
Lead a variety of pre-close activities for large, moderately complex to complex bilateral and syndicated commercial real estate loans, including coordinating aspects of loan closings, such as client onboarding, flood and insurance due diligence and background investigations.
Accurately evaluate and facilitate the upload of data into the systems of record to ensure compliance with all bank policies, procedures and regulatory requirements
Work collaboratively with our loan team, borrowers, outside counsel and third-party vendors, as applicable, to obtain due diligence items and documentation necessary to ensure accuracy with negotiated terms and ensure alignment with appropriate compliance standards
Coordinate with our internal flood team to satisfy applicable laws and internal procedures related to the Flood Disaster Protection Act (FDPA)
Handle a high volume of closings with accuracy and timeliness. Prioritize effectively and adapt to changing deadlines in a fast-paced environment.
Serve as an escalation point in the resolution of closing related issues
Perform quality secondary reviews of loan booking and associated money movement documentation as part of the implementation of closing controls to ensure compliance with both internal policies and external regulatory requirements.
Identify activities of the team to ensure conformity with established procedures
Strategically collaborate and consult with peers, colleagues and mid-level to senior managers to resolve issues and achieve goals, may lead projects, teams or serve as a peer mentor
Make decisions in complex and multi-faceted situations requiring solid understanding of the function, policies, procedures and compliance requirements that influence and lead broader work teams to meet deliverables and drive new initiatives
Interact with internal customers
Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
Requirements:
5+ years of Commercial Loan Closing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Nice to have:
5+ years’ experience in closing commercial real estate loans or equivalent experience
Foundational understanding of commercial real estate syndicated lending.
Familiarity with real estate documentation and closing coordination
Strong computer skills with an ability to learn and adapt to systems and technology
Intermediate Microsoft Office (Word, Excel, and Outlook) skills
Ability to navigate multiple computer systems, applications, and utilize search tools to find information
Ability to independently handle conflicting priorities
Strong analytical skills with high attention to detail and accuracy
Excellent verbal, written, and interpersonal communication skills
Effective organizational, multi-tasking, and prioritizing skills
Ability to work in a fast-paced deadline driven environment
Ability to work effectively in a team environment and across all organizational levels
where flexibility, collaboration, and adaptability are important