BBVA Compass

  • Commercial Loan Closer

    Posted Date 2 weeks ago(6/11/2018 10:21 AM)
    EOE Statement
    Equal Opportunity Employer - Minority/Female/Disability/Veterans.
  • Overview

    At BBVA, we are working to make banking better for everyone. That is where you come in. We are looking for smart, team oriented people who want to be part of a first-class workforce that gives people the tools they need to meet their financial goals, all while delivering an outstanding client experience. Learn more below.


    Support the day-to-day Loan Documentation and Funding control (LD&FC) activities for Commercial Real Estate.  This position will be responsible for the loan documentation on commercial real estate transactions to include construction loans, term loans, and syndicated/participation loans.  This position is responsible for the review, coordination, and execution of a loan closing transaction.  The average loan size handled by this team is $15MM - $20MM but also includes complex credits upwards of $100MM; the portfolio totals $14.5B.  This position ensures the loan documentation matches the loan approval and ensures all documentation is fully executed to ensure appropriate perfection of liens prior to releasing funds to the borrower.  

    • Ensures that all loans and funding documentation are in compliance with federal, state, and BBVA Compass’s credit policy.
    • Works closely with other banks when BBVA Compass is a participating member in a large bank group. These facilities will usually have exposures upwards of $200MM.
    • Reviews loan approval documentation and generate a comprehensive due diligence needs list according to credit policy and loan type
    • Reviews third party reports (to include Phase I Environmental, Appraisals, Plan & Cost Reviews, Property Condition Reports)
    • Reviews and balances complex construction budgets to ensure compliance with approval and construction guidelines
    • Accurately books new loans to the system
    • Engage bank approved attorneys and facilitate the documentation and loan closing throughout the transaction
    • Timely follow up and management of incoming items from the borrower, RM, and attorney
    • Review title policies, surveys, and related construction due diligence to ensure compliance with bank policies


    Minimum Qualifications:

    • Bachelor Degree in Business Administration, Accounting, or Legal Studies or equivalent experience in Commercial Real Estate, Construction, or Commercial loan closing/servicing/funding.
    • 2 years of Commercial Real Estate, Commercial closing/funding experience


    Desired Qualifications:

    • AFS Level III system knowledge
    • Paralegal background/experience
    • Construction Management experience– funding/closing/servicing
    • Participation/Syndication experience – funding/closing/servicing
    • LIHTC/Municipal Finance/Healthcare Finance closing/servicing experience
    • Strong Commercial documentation/due diligence experience


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