NCB Capital Impact-Loan Closer/Paralegal
NCB Financial Group - Crystal City, VA

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Closing
  • Manage and monitor the documentation process for all loans originated by Capital Impact from time of loan approval through post-funding – commitment letter review, documentation review and version management, due diligence and “conditions” management, and final document review, signing, disbursement and documentation package to servicing department.
  • Work with outside counsel on drafting of transaction documents and in some cases prepare legal documentation using existing form documents.
  • Review counsel prepared loan documents to ensure their conformance with approval terms and conditions, require amendments to ensure compliance, and seek loan officer’s comments on business issues.
  • Gather all needed collateral information to process loans.
  • Ensure adherence to policies and procedures in the areas of loan documentation, closing, funding, set-up and post-closing follow through.
  • Perform such due diligence as ordering and reviewing title reports, environmental audits, surveys, insurance, appraisals, flood searches, UCC searches, and organizational documents.
  • Assist with the research and engagement of third party vendors that are most appropriate to match borrowers.
  • Expedite the loan closing process through effective written and oral communications with Borrowers, Loan Officers, Attorneys, and third party vendors.
  • Attend Deal Team meetings and closing calls as required.
  • Post-Closing
    • Lead post closing reviews to obtain missing or pending items and manage closing attorney’s adherence to established standards for collection and submission of closing documents.
    • Control collection and payment of closing fees.
    • Proactively communicate with Borrowers, Lenders, Attorneys and third party vendors in order to meet closing expectations.
  • Policies and Procedures
    • Proactively analyze and recommend changes to improve policy compliance, workflow, covenant and exception tracking.
    • Participate in a collaborative team to facilitate efficiency and accuracy and effective work flow.
  • Minimum Qualifications:
    • Bachelor's Degree and Paralegal Certification is a must.
    • 5 to 7 years in loan documentation, loan closings, and real estate administration.
    • 5 to 10 years commercial and real estate loan documentation and closing experience, with some experience with complex transactions.
    • In-depth knowledge systems.
    • Strong analytical skills.
    • Superior organizational skills and attention to detail.
    • Familiarity with file-sharing systems and document imaging systems.
    • Knowledge of Loan Accounting Systems.
    • Understanding the variety of form documents and understanding when they are appropriately used is essential to this role.
    • Good customer relations and communication skills, especially the ability to translate legal requirements.
    • Ability to collaborate across teams.
    If you would like to apply for this position, please submit your resume to ncbvajobs@ncb.coop .

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