[Hiring] Closing Specialist - Credit Products @Flagstar Bank

Role Description

The Closing Specialist is responsible for managing the loan closing process for a variety of Commercial and Industrial (C&I) transactions. Acting as the primary point of contact for internal stakeholders and third-party providers, the Closing Specialist ensures that all loan documentation aligns with credit approvals and that closing conditions are met in a timely, accurate manner. This role requires effective communication, attention to detail, and the ability to work in a fast-paced, deadline-driven environment.

Job Responsibilities

• Loan Closing Coordination:
  • Serve as the central contact between Private Client Group (PCG), Credit Products Specialists, Legal, Title, and Escrow once a loan is approved.
  • Coordinate all closing activities and address escalations to ensure smooth execution.
• Document Review & Compliance:
  • Review loan documents for conformance with approved credit terms.
  • Identify discrepancies and resolve in collaboration with appropriate parties.
• Title & Escrow Management:
  • Engage directly with title companies and escrow agents on real estate-related transactions.
  • Review and approve settlement statements and ensure all closing requirements are satisfied.
• System Accuracy & Uploads:
  • Validate that CRA data is accurate and that all booking and closing documentation is correctly uploaded in nCino.
• Booking & Funding Preparation:
  • Complete required booking and funding documentation and ensure all materials are ready for final loan booking.
• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings.
• Accountable to maintain compliance with applicable federal, state and local laws and regulations.

Qualifications

• Minimum experience required: 2+ Years of experience in commercial loan closing, documentation, or operations.
• Strong understanding of C&I loan documentation, credit terms, legal coordination and closing workflows.
• Proficiency in nCino, Nautilus, and Microsoft Office.
• Ability to prioritize and manage multiple loan closings simultaneously.
• Strong attention to detail and documentation accuracy.
• Effective verbal and written communication skills.
• Physical demands (ADA): No unusual physical exertion is involved.

Benefits

• Access to a variety of benefits including medical, dental, vision, life, and disability insurance.
• Comprehensive leave program.

Pay Range

$54,918.75 - $85,547.00