FHA Closer-Commercial Real Estate

Location:

ABOUT THE JOB
Responsible for closing an assigned portfolio of deals consisting of FHA loans both healthcare and multifamily. . Learn to manage independently all pre-closing funding and delivery due diligence including adhering to internal compliance procedures (OFAC Patriot Act etc.). Learn to review and adhere independently to risk management aspects through closing and loan documentation standards according to internal closing procedures and controls; and adhering to all investor forms documentation closing and post-closing processes on assigned deals. Responsible for providing superior client service in proactively driving the closing process engaging legal counsel participating and communicating consistently with the deal team following progress on the closing checklist identifying items/conditions to be satisfied and the party responsible; through funding and all post-closing functions meeting all required deadlines during the process.

ESSENTIAL JOB FUNCTIONS
Responsible for providing superior client service while working to independently maintain risk management compliance with bank policies and regulatory requirements and adhering to internal procedures and controls.
Provide assistance and in learning the process provide closing expertise to ensure ongoing communication in working closely with multiple parties (underwriting team legal counsel PPS asset manager investor borrower borrowers counsel title and insurance agents and other lenders etc.) to achieve a well-coordinated and timely closing and sale to investor meeting all deadlines.
Clearly and immediately communicates problems/issues with a closing or deal and elevates appropriately; assists in resolving issues affecting client service and risk management.
Responsible for working towards independently coordinating and conducting a review of all loan documentation insurance flood title survey and other information for conformity to credit approval credit policy closing procedures investor processes and engagement letter/firm commitment
Utilize CLOSER system for timely updates on deal status and timely uploading and maintaining of closing file and all appropriate documents.
Ensures all pre-closing conditions are met and submits to Manager for approval. Recommends authorization of closings and funding of assigned portfolio to Manager for approval.
Coordinates funding with Accounting and Servicing teams
Verifies all fees and payments were appropriately funded
Proactively manages post-closing items and package to investor and any uploading requirements of documents and exhibits meeting all deadlines.
Assists with special projects to improve the quality of the closing and due diligence services provided to internal and external clients including periodic update of procedures and guidelines.
Some travel may be required on a periodic basis.

REQUIRED QUALIFICATIONS
4-year College Degree or equivalent real estate business experience as described below;
Four years of experience or exposure to closing or servicing of loan products. Experience with reviewing title/liens insurance legal documentation and third-party due diligence exhibits. Experience with investor purchase and sale transactions. Effective consistent written and verbal communication skills. Strong solution-oriented and problem-solving skills; detail-oriented. Strong aptitude for analysis systems and mathematics. FHA specific knowledge is preferred.
Ability to drive multiple parties and processes in a high volume and short deadline closing environment. Strong planning and organizational skills. PC proficiency including familiarity with Microsoft Excel Word Adobe Teams and Outlook is critical.

The FHA Closer will be assigned to work at a 127 Public Square and be expected to be in the office when not traveling for bank business. This is not a remote or mobile position.

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