Career Search

Closing Specialist – Commercial Real Estate - 3DKAK in New York, NY at M&T Bank

Date Posted: 8/8/2018

Job Snapshot

Job Description

Title: Closing Specialist – Commercial Real Estate


Responsible for the coordination, facilitation and oversight of closings for commercial real estate and C&I loans for the NYC CRE and MM segments.

Basic Function:

• Responsibilities include processing new loan closings, modifications, assumptions, collateral releases and collection of pay downs in conjunction with unit sales.

• Orders and proofreads commitment letters, Notes, Mortgages, Loan Agreements, and relevant documents prepared by outside counsel for loan closings.

• Orders and coordinates receipt and review of third party reports and payment of invoices for same.

• Ensures compliance with required pre-closing due diligence by reviewing pre-closing files to determine receipt of all required items/reports and payment of all fees owed.

• Prepares wire transfer forms and tracking Fed reference numbers for loan proceeds and processing tickets for checks drawn at closings as well as ensures accuracy of rates, monthly payments, tax escrows and short term interest.

• Reviews post-closing files to ensure accuracy of escrow computation, completeness of documentation and receipt and remittance of all required funds/fees.

• Follows up on any missing items and troubleshooting questions from NYC Servicing as well as the RMs and Group Managers in setting up the loan on AFS, ensuring proper documentation is received following closings.

• Responsible for providing reporting, specifically HDMA.

• Liaison between RMs, outside counsel, internal business partners and third party vendors in conjunction with loan closings; processing release of collateral and loan pay downs resulting from sales of condo and coop units.

• Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.

• Promote an environment that supports diversity and reflects the M&T Bank brand.

• Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.

• Complete other related duties as assigned.

Minimum Qualifications Required:

• Bachelor’s Degree and minimum 3 years related experience. Or in lieu of degree, a combined minimum of 7 years higher education and work experience to include a minimum of 3 years related experience.

Ideal Qualifications Preferred:

• Paralegal experience helpful.

• Thorough knowledge of legal documentation, structure and preferably commercial real estate, personal computers/mainframe utilized in assigned department.

• Proficient in software utilized in department to include Microsoft Office.

• Knowledge of applicable products, systems and workflows.

• Excellent attention to detail.

• Excellent verbal and written communication skills.

• Ability to work individually as well as a member of a team.

• Self-motivated, well-organized individual.

• Ability to work under time constraints.

• Ability to handle multiple tasks in support of various assignments.

• Ability to function professionally at many different levels (clients, management, and peers).

• Strong interpersonal skills necessary for business partner relationships within and outside organization.

• We encourage candidates with relevant military experience to apply.M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer.
M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas.
M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.