Details: Office Location / Address: NY- COURT SQUARE I 1 COURT SQUARE LONG ISLAND CITY NY 11101 USA - 10242 Education Level: High School Diploma/GED Shift: Day Job Employee Status: Regular Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com. The Real Estate Loan Closing officer is responsible for the successful and expedient closing of real estate loans. The LCO will be accountable for taking real estate loans post approval and managing vendors and logistics to close these loans within 30-45 days. This will include timely and proactive engagement and coordination of appraisal and environmental due diligence as well as review and interpretation of searches, title reports, and entity formation documentation necessary for the preparation of loan documentation in accordance with the terms and conditions of the credit approval documentation. The Loan Closing Officer will work closely with Credit Officers, Relationship Managers, Legal Counsel, Vendors, and Clients and their representatives directly to complete the loan documentation and closing process. Responsibilities / Duties:Engage and Coordinate with title, escrow, and attorneys to manage real estate closing process. Request property appraisals and environmental reports, monitor progress, and ensure timely receipt. Review appraisals and environmental reports for appropriate value and compliance with Bank policies and credit approval terms and conditions. Interpret and coordinate with risk and credit center partners as needed to successfully resolve issues resulting from title reports, appraisals, environmental reports, and surveys. Ensure compliance with appropriate regulations and Bank requirements (including FEMA and Reg U). Engage legal as needed to resolve documentation and title issues. Proactively communicate and initiate contact with bankers, vendors, customers, to ensure timely closing of real estate loans. Ensure closing process with third parties meets corporate requirements and occurs timely.
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