The Closer supports and works independently with minimal supervision in coordination with producers, analysts, transaction managers, lenders, borrowers, outside legal counsel, title companies, surveyors, third party report providers, and other internal and external constituencies to assist the borrower with all aspects of a commercial mortgage loan closing and to ensure a smooth transition of the loan from production to closing to servicing.
Requirements
- Track, coordinate and handle the timely ordering, receipt, review, delivery and approval of third-party reports
- Become familiar with, and support the establishment and maintenance of a database for, contacts and closing requirements of various lenders
- Obtain, review and coordinate lender approval of insurance carried by the borrower
- Prepare estoppels, SNDAs, and lease abstracts; review estoppels against the borrower's rent roll
- Schedule and coordinate closing calls; draft and/or manage closing checklists to ensure all closing requirements are timely met as a condition to funding
- Obtain all lender required due diligence from the borrower
- Review lender required due diligence for accuracy and to identify and resolve potential issues prior to transmittal to lender
- Prepare and transmit statement of Bellwether and third-party fees to the title company and borrower for closing, and review settlement statement for accuracy
- Maintain organized and accurate closing and due diligence files, and upload to central document management system in a timely and organized fashion
- Take such other actions as necessary or desirable to ensure loans close, and to ensure a seamless transition to loan set-up and servicing
- Assist with special projects on an as needed basis
Benefits
- Generous Paid Time Off
- 401k Matching
- Retirement Plan
- Tuition Reimbursement