Job Information

Kforce Loan Closer - Intermediate in Chicago, Illinois

Kforce has a client that is seeking a Loan Closer in Chicago, IL.Responsibilities of the Loan Closer: * Loan Closer prepares closing documents * Reviews Title commitments and hazard insurance * Reviews HUD1 settlement statements * Interacts with closing agents and customers (brokers or borrowers) * Loan Closer verifies completeness and accuracy * Work on deal origination; This includes reading and interpreting complex credit documentation, determine its feasibility and provide feedback and recommendations as warranted working closely with the deal team from company inclusive of Attorneys, Customers and Investors to ensure a smooth closing * Provide feedback to deal structuring team on operational market trends and any preferred deal structure * Loan Closer will determine if any other groups need to review the documentation and ensure they are included, if necessary * Initiate funds movements on closing transactions in accordance with client/investor instructions * As a Loan Closer, you will be responsible for accurate and timely set up of all agency-related systems * Review and interpret complex legal loan documentation and decide the most effective way to build the deal on the system and ensure all agency systems are in sync * Ensure the accounting team obtains all data necessary for proper accounting of the fees * Provide guidance to all parties involved, acting as a teacher for any group that may not be familiar with syndicated loans * Confirm all conditions precedent have been met and compliance items meet the established guidelines * Coordinating with the syndicate group/lenders on closing activity * Demonstrating accurate and timely completion of customer service and research * Minimizing credit and business risk through awareness of procedure, compliance, and bank policy Candidates must have experience in the duties listed to qualify for this role. Any education or related certifications are a plus.Can you picture yourself working for one of -America's Ideal Employers-? Our client has received numerous awards and accolades due in part to their commitment to diversity, veterans, and fostering innovation. They've been named one of Fortune Magazine's -World's Most Admired Companies- of 2018 and are included in the -Top 50 Most Innovative Companies- named by Boston Consulting Group. With on-site training and mentoring, they are committed to your professional development as well. Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.Compensation Type:Hours