Job Description

A mission-driven nonprofit organization in Chicago is seeking a Senior Closer to facilitate the loan closing process, ensuring accuracy, compliance, and efficiency. Offering a competitive salary of $60,000 – $75,000, this role also includes a comprehensive benefits package with PTO, 401(k), health insurance, life and disability coverage. The Senior Closer will play a vital role in coordinating loan closings, maintaining loan documentation, and managing payout files, contributing to the organization's impactful work in the community.

Key Responsibilities of the Senior Closer:

• Coordinate and manage the loan closing process, ensuring all required documentation is complete and accurate.
• Maintain loan documents and payout files, ensuring proper organization and compliance with policies and regulations.
• Collaborate with internal and external stakeholders, including lenders, legal teams, and borrowers, to facilitate a smooth closing process.
• Review loan agreements and construction draw schedules to confirm compliance with financing terms and construction practices.
• Ensure proper disbursement of loan proceeds in accordance with established guidelines and approval processes.
• Monitor and update loan closing procedures to enhance efficiency and mitigate risk.

Qualifications of the Senior Closer:

• Bachelor’s or Associate’s degree required.
• At least 5 years of experience in commercial loan closing.
• Knowledge of construction practices and loan disbursement processes.
• Strong attention to detail with the ability to manage multiple closings and deadlines.
• Excellent organizational and communication skills to facilitate collaboration with various stakeholders.
• Proficiency in Microsoft Office Suite, with the ability to manage loan documentation electronically.

P-13

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