Commercial Real Estate Loan Specialist

The CRE Loan Specialist position is a specialized position responsible for reviewing and understanding the Commercial Real Estate Loan approval/request, providing thorough, objective analysis of the Loan closing, construction documentation and funding requirements in the RE loan documents, and all supporting documentation required for closing, and confirming that the loan documents provide that the loan is being closed as required by the approval. The closing process may include an objective analysis of the construction documentation and knowledge of the construction/draw process. This position is expected to lead the RE loan closing, construction monitoring and review process, including funding requests, invoices, AIA requests from the General Contractor, completion requirements as required by the loan documents and other supporting documents and final completion documents. This position ensures collateral remains perfected, legal documentation supports credit approval, and all risk controls have been met in order to proceed with closing and ultimately funding the construction as requested by the Borrower. Loan products include construction loans, term loans, revolving lines of credit and other commercial debt.

Essential Duties And Responsibilities

Review Loan Approval for all deal terms and requirements and confirm that all terms, requirements, and Borrower information is consistent with term sheet, commitment letter (if applicable), and Loan Closing Documents.
Verify customized Loan Closing Documents are complete and accurate according to policies and procedures, and provide comments regarding the documents to bank counsel and the Line of Business as needed.
Work with bank counsel and Line of Business to review the attorney prepared Loan Closing Checklist and the documents received.
Request and review bids from 3rd. party Construction Consultant(s) when required.
Review and approve required project construction documents, and forward to 3rd. party consultant as required by policy and/or procedures.
Interface with Lenders, Borrowers, Attorneys, Title Companies, General Contractors, Consultants, and Agents to ensure proper documentation is received for Loan Closings and Draw Requests.
Verify Payment Instructions provided by Title Company, Agent and/or Borrower.
Maintain and update project Budget(s) as approved at closing, track changes and ensure funds are sufficient to complete the project.
Approve loan Budget changes within established limits or refer loan to RM or Credit Officer for further approval/override as provided by Policy.
Review and approve Draw Requests and supporting documents as submitted by Borrower and provide documentation to Loan Operations to disburse loan funds within the established SLA.
Manage the disbursement and payment process to and from bank participants, junior lenders and agents.
Provide Primary support and partnership to Relationship Managers (RM) and Portfolio Managers (PM) to ensure construction maintains strong quality, while facilitating risk control measures for the Bank.
Works closely with senior management, RMs, PMs, Credit Risk, Compliance and Internal Audit partners to ensure that the credit remains in compliance with Bank and regulatory policies.
Provide documentation to Loan Operations to book, maintain and update the loan tracking system with Borrower and Loan information.
Manage loan document exceptions.

We are a company committed to creating diverse and inclusive environments where people can bring their full, authentic selves to work every day. We are an equal opportunity/affirmative action employer that believes everyone matters. Qualified candidates will receive consideration for employment regardless of their race, color, ethnicity, religion, sex (including pregnancy), sexual orientation, gender identity and expression, marital status, national origin, ancestry, genetic factors, age, disability, protected veteran status, military or uniformed service member status, or any other status or characteristic protected by applicable laws, regulations, and ordinances. If you need assistance and/or a reasonable accommodation due to a disability during the application or recruiting process, please send a request to HR@insightglobal.com.To learn more about how we collect, keep, and process your private information, please review Insight Global's Workforce Privacy Policy: https://insightglobal.com/workforce-privacy-policy/.

-At least two years of experience as a loan specialist
-they need to have experience with either commercial real estate loan closing, or loan experience within commercial construction
-ability to sit onsite at either Raleigh, Charlotte, Memphis, Birmingham, or Nashville
-Strong comfort level with microsoft suite

Benefit packages for this role will start on the 1st day of employment and include medical, dental, and vision insurance, as well as HSA, FSA, and DCFSA account options, and 401k retirement account access with employer matching. Employees in this role are also entitled to paid sick leave and/or other paid time off as provided by applicable law.