PAB Closing Officer

Overview

We are currently sourcing for a Closing Officer. This position will be responsible for closing due diligence and documentation of commercial loans in the Loan Documentation team in Popular Bank.

• Receive and review requests for closing community association commercial loans.
• Be responsible for effectively processing a high volume of loan requests under minimum level of supervision by obtaining, verifying, completing, and maintaining all necessary loan documentation.
• Review and research lit/lien, title searches, and title commitments, and work with loan officer to clear all exceptions.
• Ensure that all formation documentation such as Articles of Incorporation, Certificates of Trust, Certificates of Good Standing, Corporate Resolutions, Bylaws, etc., are included in the loan package, as applicable.
• Review types of collateral being taken by the Bank, for appropriate documentation and to ensure Bank’s ability to perfect its position.
• Update the Loan Closing Access Database and/or related applications to ensure all pre-closing conditions, documentation, and requirements are met prior to funding.
• Coordinate closings with Borrower’s attorney and Bank’s counsel.
• Funding:
  Review loan documentation and prepare boarding package to ensure that all required documentation is signed and included.
• Funding:
  Ensure the accuracy of wire instructions, obtain insurance certificates, verify holds, verify deposit account openings, obtain proof of UCC filing, and obtain any other documents as required.
• Post-Closing:
  Complete closing checklist, send Welcome Letter, and ensure all post-closing ticklers are updated in a timely manner.
• Maintain a specialized knowledge of the documentation department’s function, terminology, policies and procedures, and related laws and regulations at the local, state, and federal levels.

Additional duties and responsibilities may be assigned as needed to support departmental operations.

• Strong analytical/math skills to identify and resolve problems.
• To provide service excellence by identifying key client business issues, determining client needs by supplementing the standard assessment techniques and tools with innovative approaches, evaluating and validating analysis and developing recommendations for the business.
• Strong oral and written communication skills including presentation skills.
• Detail-oriented and able to take initiative in owning multiple projects.
• Proficiency with Microsoft Office.
• High school diploma or general education degree (GED) with a minimum 2 to 4 years prior commercial lending experience in a high volume closing unit is required.
• Metavante/FIS IBS Insight experience is highly preferred.

Important:
The candidate must provide evidence of academic preparation or courses related to the job posting, if necessary.

Our hybrid work model benefit applies to certain positions and is subject to changes based on the organizational needs.

Applicants must be authorized to work for any employer in the United States. This position is not open to applicants who need visa sponsorship or transfer of visa sponsorship at this time.

About Us

Popular is Puerto Rico’s leading financial institution and has been evolving since it was founded over a century ago. From a small bank it has developed into a large corporation that offers a wide variety of services and financial solutions to our customers, with presence in the United States, the Caribbean and Latin America.

As employees, we are dedicated to making our customers’ dreams come true by offering financial solutions in each stage of their life. Our extensive trajectory demonstrates the resiliency and determination of our employees to innovate, reach for the right solutions and strongly support the communities we serve; therefore, we value their diverse skills, experiences and backgrounds.

We reaffirm our commitment to always offer essential financial services and solutions for our customers and communities, including during emergency situations and/or natural disasters. Popular’s employees are considered essential workers, whose role is critical in the continuity of these important services even under such circumstances. By applying to this position, you acknowledge that Popular may require your services during and immediately after any such events.

If you have a disability or need more information about requesting an accommodation, please contact us at  This email inbox is monitored for such types of requests only. All information you provide will be kept confidential and will be used only to the extent required to provide needed exemptions or reasonable accommodations. Any other correspondence will not receive a response.

Are you ready for a rewarding career?

Popular is an Equal Opportunity Employer, including Disability/Vets

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