Company Overview:
X-Caliber Rural Capital (XRC) is a licensed United States Department of Agriculture (USDA) lender that offers unique programs with attractive financing terms designed to support a wide scope of assistance to rural businesses and communities.
XRC is dedicated to providing funding to support the health and development of rural areas. The USDA defines rural as any town, village, city, or other population center with a threshold of 50,000 or less and not contiguous with another populated area based on the most recent census.
Position Summary:
The Vice President, Loan Closing Operations is responsible for managing and coordinating commercial loan closing transactions from legal engagement through funding and post-closing completion. This role serves as the central point of coordination between internal teams, borrowers, legal counsel, funding partners, and other transaction stakeholders to ensure loans close accurately, efficiently, and in compliance with approved credit terms, program requirements, and internal policies.
Key Responsibilities:
Loan Closing Operations:
- Serve as the primary coordination point between borrowers, underwriters, external legal counsel, funding partners, title companies, government agencies, internal operations teams, finance, and servicing throughout the closing process
- Coordinate all aspects of commercial loan closings from legal engagement through funding and completion
- Review approved transaction terms, credit approvals, commitment documents, term sheets, and attorney-prepared loan documents to confirm consistency with approved loan structure, conditions, and program requirements
- Monitor and track closing conditions to ensure all required items are satisfied prior to funding
- Coordinate and collect due diligence items including, but not limited to:
- Title work and title insurance
- Flood determinations
- Insurance documentation
- Organizational and authority documents
- Collateral documentation, including but not limited to, lien searches
- Construction and project-related diligence
- KYC, OFAC, SAM, and other compliance searches
- Material contracts and third-party reports
- Coordinate with legal counsel and internal stakeholders to resolve outstanding closing issues and document deficiencies
- Verify borrower equity contributions and prepaid project costs as required by transaction structure and credit approval
- Ensure loan files are complete, organized, and audit-ready at closing
- Coordinate loan funding, disbursements, wires, and application of closing funds to ensure accuracy and compliance with approved sources and uses
- Coordinate execution, collection, and return of original loan documentation and collateral packages
- Complete special projects and operational initiatives as assigned
Post-Closing & Collateral Administration:
- Coordinate the return and delivery of original executed loan documents, recorded collateral documents, final title policies, endorsements, and other final closing documentation to the appropriate internal teams and document custodians
- Follow up on outstanding final closing documentation required to complete the closing file
- Coordinate with external legal counsel, title companies, and internal stakeholders regarding final recorded documents and title deliverables
- Ensure final closing files are organized and delivered in accordance with internal procedures
- Assist with servicing, construction, and special asset requests related to closed loan files, as needed
Qualifications:
Education:
- Bachelor’s degree preferred
- Finance or a related field a plus
Experience:
- Minimum of 3 years of relevant experience in loan closing or banking operations.
Technical Skills:
- Proficiency in Microsoft Office Suite.
Core Competencies:
- Strong organizational and time management skills.
- Excellent communication and relationship management.
- Ability to manage multiple transactions simultaneously.
Work Environment:
- Fully remote role with optional hybrid work environment for candidates local to the Irvington, NY or Timonium, MD office
- Occasional travel may be required for training, conferences, or company events.
Compensation & Benefits:
- Salary range: $125,000 – $140,000
- Discretionary annual bonus
- Comprehensive benefits package including medical, dental, vision, 401(k), unlimited PTO, and additional company benefits
How to Apply:
Please submit your resume and a brief statement of interest to careers@xcalibercap.com.
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m16Developer2025-08-12 09:22:312025-08-13 05:54:20A Day in the Life of an X-Caliber Intern
