Agency/OBS Loan Closer Senior Associate
Agency/OBS Loan Closer Senior Associate
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Bring your expertise to part of our loan closing Team you will play a pivotal role in advancing the firms affordable housing initiatives
The Agency Multifamily Lending Loan Closer Senior Associateworks with the originations teams throughout CRE to ensure a smooth process of multifamily agency loans establish and maintain effective relations with internal business partners including sales credit loan servicing legal counsels and the GSE Agencies. As a Closing Sr Associate on the OBS/Agency Lending team your role is to ensure a ensure a smooth timely closing and delivery of multifamily agency loans. Provide excellent customer service and adhere to bank compliance and requirements.
Job responsibilities
- Oversee closing and delivery of commercial real estate multifamily loans (GSE) primarily Fannie Mae and Freddie Mac from application to post closing status
- Work closely with outside counsel credit officers and bankers on various transactional matters to ensure that the anticipated time frames are met
- Ensure that the appropriate requirements are received and required approvals are obtained for the issuance of commitment letters and rate lock
- Review loan documents to ensure accuracy and compliance with Lender and Agency requirements
- Prepare and issue Commitment Letters Prepare escrow analysis and Closing Statements in preparation of loan closing
- Work closely with counsel and credit teams on loan document negotiations and modifications
- Ensure all approvals and waivers are in place including insurance reviews and confirmation on payment of taxes
- Ensure compliance with bank policies procedures and regulatory requirements are met
- Coordinate with outside counsel title/escrow and closing partners to ensure timely funding on closing day
- Confirm loan information in systems and documents are accurate for loan servicing and boarding
- Prepare and submit the final data and upload the appropriate documents timely and accurately to ensure final settlement with the appropriate agency
Required qualifications capabilities and skills
- 3 years of experience with closing and delivery of Fannie Mae and Freddie Mac multifamily loans.
- Knowledge of Fannie Mae and Freddie Mac applications.
- Ability to work as part of a team interact and collaborate.
- Ability to train and provide guidance to less experienced associates
- Strong analytical and problem-solving skills; ability to resolve issues with management guidance
- Demonstrated excellent attention to detail and accuracy
- Ability to work autonomously to manage time effectively and prioritize work appropriately to meet deadlines
- Strong business communication skills; able to write/speak clearly and professionally with a variety of stakeholders
- Demonstrated ability to establish credibility and rapport with internal and external stakeholders
- Proven ability to maintain confidentiality and professionally handle sensitive documents
Preferred qualifications capabilities and skills
- Proficient with Microsoft (word excel PowerPoint) systems and Adobe.
- Knowledge of Commercial Real Estate terms
- Bachelors degree is preferred
Required Experience:
Senior IC
Employment Type
Full-Time
