Senior Commercial/Church Loan Closing Specialist

We exist to help people achieve financial clarity. At Thrivent, we believe money is a tool, not a goal. Driven by a higher purpose at our core, we are committed to providing financial advice, investments, insurance, banking and generosity programs to help people make the most of all they've been given.

At our core, we are a membership-owned fraternal organization, as well as a holistic financial services organization, dedicated to serving the unique needs of our clients. We focus on their goals and priorities, guiding them toward financial choices that will help them live the life they want today-and tomorrow.

Job Summary

The Senior Commercial/Church Loan Closing Specialist is responsible for managing the entire closing and funding process for moderately complex to complex commercial loans. They work closely with and coach Loan Closing Specialists and must collaborate with Loan Underwriters, Senior Church Loan Business Development Managers, borrowers, legal counsel, and third-party vendors to secure all required approvals and documentation.

This role requires a strong working knowledge of company policies, procedures, and commercial mortgage loan closing requirements to ensure all loans are closed in full compliance with loan commitment terms.

Job Responsibilities and Duties

• Establish a closing checklist based on mortgage loan commitment; continuously monitoring progress of the loan closing and ensuring all due diligence is received in conformance with the loan commitment.

• Partner with internal and external stakeholders to resolve issues, mitigate risk, and ensure timely closings in accordance with company policy and procedures.

• Obtain, review, and approve all required insurance documentation in alignment with mortgage loan commitment requirements.

• Ensure borrower business authority documentation is complete, acceptable, and fully complies with commitment terms.

• Obtain and submit for approval all required third-party reports and supporting documentation necessary to meet loan commitment requirements.

• Coordinate with internal or external legal counsel to resolve title and survey issues and confirm all title insurance requirements have been satisfied.

• Identify issues which negatively impact loan funding; provide recommendations and assistance to loan underwriters, the closing manager, and legal counsel to resolve and/or mitigate issues.

• Coordinate and schedule loan closings, ensuring availability of funds and confirming all closing requirements have been met and are complete.

• Initiate funding process and manage post-closing requirements.

• Coordinate construction loan closings and the monthly draw process, including collection and review of change orders, lien waivers, updated budgets, and draw requests for disbursement.

• Provides guidance, coaching, and oversight to Loan Closing Specialists, supporting their development and ensuring consistency and accuracy in the execution of the loan closing process.

Job Qualifications

Required:

• Strong working knowledge of commercial loan transaction documents and commercial loan structures and terms.

• Excellent organizational skills with the ability to prioritize and manage multiple tasks to achieve desired results.

• Demonstrated ability to work independently with minimal supervision in a fast-paced environment, navigating ambiguity, shifting priorities, and rapid change.

• Strong analytical and problem-solving skills.

• Ability to perform effectively under pressure and manage competing deadlines in high-stress situations.

• Excellent written and verbal communication skills, with the ability to represent the organization in a professional manner when interacting with internal and external stakeholders.

• Proven ability to build and maintain effective working relationships, fostering consistent communication and collaboration.

• Flexibility to work additional hours as needed to meet closing deadlines and effectively manage workload demands.

• Bachelor's degree, paralegal certification, and/or a minimum of three years of relevant commercial mortgage or real estate experience.

Preferred:

• Minimum of five years of experience in commercial mortgage loan closing.

• Strong attention to detail.

• Experience preparing or reviewing commercial loan documents.

• Working knowledge of commercial insurance concepts and documentation requirements related to mortgage loan transactions.

• Experience administering construction loans, including reviewing and analyzing draw requests for completeness and compliance with loan terms.

• Proficiency in Excel, Adobe, SharePoint, Enterprise!, and IBM Navigator.

Additional Information

• This position requires you to work on-site in Minneapolis, MN a minimum of three days a week.

Pay Transparency

Thrivent's long-term growth depends on attracting, rewarding, and retaining people who are committed to helping others thrive with purpose. We accomplish this by offering a wide variety of market competitive compensation programs to attract, reward, and retain top talent. The applicable salary or hourly wage range for this full-time role is $81,537.00 - $110,315.00 per year, which factors in various geographic regions. The base pay actually offered will be determined by a variety of factors including, but not limited to, location, relevant experience, skills, and knowledge, business needs, market demand, and other factors Thrivent deems important.

Thrivent is unique in our commitment to helping people to be wise with money and live balanced and generous lives. That extends to our benefits.

The following benefits may be offered: various bonuses (including, for example, annual or long-term incentives); medical, dental, and vision insurance; health savings account; flexible spending account; 401k; pension; life and accidental death and dismemberment insurance; disability insurance; supplemental protection insurance; 20 days of Paid Time Off each year; Sick and Safe Time; 10 paid company holidays; Volunteer Time Off; paid parental leave; EAP; well-being benefits, and other employee benefits. Eligibility for receipt of these benefits is subject to the applicable plan/policy documents. Thrivent's plans/policies are subject to change at any time at Thrivent's discretion.

Thrivent provides Equal Employment Opportunity (EEO) without regard to race, religion, color, sex , gender identity, sexual orientation, pregnancy, national origin, age, disability, marital status, citizenship status, military or veteran status, genetic information, or any other status protected by applicable local, state , or federal law. This policy applies to all employees and job applicants.

Thrivent is committed to providing reasonable accommodation to individuals with disabilities. If you need a reasonable accommodation , please let us know by sending an email to View email address on jobs.institutedata.com or call View phone number on jobs.institutedata.com and request Human Resources.

At Thrivent, we believe money is a tool, not a goal. Driven by a higher purpose at our core, we are committed to providing financial advice, investments, insurance, banking and generosity programs to help people make the most of all they've been given. At our heart, we are a membership-owned fraternal organization, as well as a holistic financial services organization, dedicated to serving the unique needs of our customers. We focus on their goals and priorities, guiding them toward financial choices that will help them live the life they want today-and tomorrow.

For over 100 years, Thrivent has been helping people build their financial futures and live more generous lives. Today, it's a Fortune 500 company that offers a full range of expert financial solutions, serving more than 2 million customers, as well as the communities in which they live and work.

Thrivent fosters a diverse workforce to serve our diverse clientele, reflecting a wide range of backgrounds and experiences. If you're intrigued about our work and the possibility of becoming part of it, we invite you to visit Thrivent.com to learn more. You won't just build a career; you'll be part of an organization focused on growing, innovating, and serving.