Commercial Mortgage Loan Closer
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Job Location:
Saint Paul, MN - USA
Monthly Salary:
$ 56000 - 103000
Posted on:
2 days ago
Vacancies:
1 Vacancy
Job Summary
Overview:
Join a team that drives the success of our commercial mortgage investment operations! In this role youll be at the center of complex transactions - ensuring smooth closings maintaining compliance and partnering with internal and external stakeholders to deliver exceptional results. Youll define and improve processes champion operational excellence and play a critical part in supporting strategic goals. If you thrive in a fast-paced environment enjoy problem-solving and want to make a tangible impact on high-value investments this is the opportunity for you.
Responsibilities include but not limited to:
Upon Investment Committee approval transition commercial mortgage loan closing process from origination analyst. Responsible for originating checklist from SecurianAM tracking deal progress interfacing with in-house counsel business analyst outside counsel and business and closing counterparts in mortgage banking companies.
Work with internal legal and business staff to ensure post-closing documentation is complete and accurate closing files are assembled for future use.
Assist portfolio managers analysts attorneys internal and external auditors and other departmental staff to identify solutions for problems that arise in connection with the investment transactions.
Review and approve the information contained in each item of credit borrower and collateral property due diligence. Determine that the due diligence conforms to the requirements specified in the origination documents including the loan approval and final commitment letter to the borrower.
Approve the property insurance ensuring that the coverage meets the lender requirements and sufficiently covers all risks to the loan collateral.
Work with the Manager Commercial Mortgage Investments in reviewing requests and facilitate the drafting of documents for amendments consents and waivers for currently held assets and identifies issues interpret loan documents and summarize terms for attorneys and/or investment officers.
Coordinate title insurance surveys organizational documents third party reports and other information to maintain consistency in closing process.
Monitor and direct cash deposits for each transaction; authorize Lenders funding wires.
Monitor progress of and compliance with loan escrow agreements and handle the disbursement of escrowed funds.
Qualifications:
Knowledge of real estate preferably in commercial loan closing.
Ability to read and comprehend third party reports (Environmental Appraisal and Engineering) for accuracy and relevancy.
Experience reviewing real estate leases for both business and legal issues.
Understanding of legal and financial concepts and practices with the ability to extract and analyze critical information from business and legal documents.
Strong math analytical and critical thinking skills with strong attention to detail.
Strong communication skills to establish and maintain effective interaction with outside counsel brokers mortgage bankers and counterparts.
Excellent organizational skill and the ability to manage multiple time sensitive tasks and make independent decisions.
Knowledge of PC software Salesforce Microsoft Word and Excel.
Preferred Qualifications:
3 years experience as a Commercial Loan Closer or equivalent paralegal loan officer or underwriting experience in a real estate lending area.
Bachelors Degree in related field and/or equivalent combination of training and experience in the real estate lending environment.
*Internal Securian Financial job title for this position is Asset Management Operations Sr. Analyst*
Securian Financial believes inhybrid workas an integral part of our culture. Associates get the benefit of working both virtually and in our offices. This position requires you to live within in a commutable distance (90 minutes) of our Home Office inSt. Paul MN.Youlljoin us3 days each weekin our offices to collaborate and build relationships. Our policy allows flexibility for the reality of business and personal schedules. #LI-Hybrid
The estimated base pay range for this job is:
Pay may vary depending on job-related factors and individual experience skills knowledge etc. More information on base pay and incentive pay (if applicable) can be discussed with a member of the Securian Financial Talent Acquisition team.
Be you. With us. At Securian Financial we understand that attracting top talent means offering more than just a job it means providing a rewarding and fulfilling career. As a valued member of our high-performing team we want you to connect with your work your relationships and your community. Enjoy our comprehensive range of benefits designed to enhance your professional growth well-being and work-life balance including the advantages listed here:
Paid time off:
We want you to take time off for what matters most to you. Our PTO program provides flexibility for associates to take meaningful time away from work to relax recharge and spend time doing whats important to them. And Securian Financial rewards associates for their service by providing additional PTO the longer you stay at Securian.
Leave programs: Securians flexible leave programs allow time off from work for parental leave caregiver leave for family members bereavement and military leave.
Holidays: Securian provides nine company paid holidays.
Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securians 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings with a target of 5 percent. The amount is based on company results compared to goals related to earnings sales and service.
Health insurance: From the first day of employment associates and their eligible family members including spouses domestic partners and children are eligible for medical dental and vision coverage.
Volunteer time: We know the importance of community. Through company-sponsored events volunteer paid time off a dollar-for-dollar matching gift program and more we encourage you to support organizations important to you.
Associate Resource Groups: Build connections be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities including:
Mental Wellness and Disability
Pride at Securian Financial
Securian Young Professionals Network
Securian Multicultural Network
Securian Women and Allies Network
Servicemember Associate Resource Group
For more information regarding Securians benefits please review our Benefits page.
This information is not intended to explain all the provisions of coverage available under these all cases the plan document dictates coverage and provisions.
Securian Financial Group Inc. does not discriminate based on race color religion national origin sex gender gender identity sexual orientation age marital or familial status pregnancy disability genetic information political affiliation veteran status status in regard to public assistance or any other protected status. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs please contact us by email at by telephone (voice) or 711 (Relay/TTY).
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To view our legal statement click here
Key Skills
- Loan Origination
- Sales Experience
- Microsoft Office
- Financial Services
- Customer Service
- Organizational skills
- Communication skills
- Military Experience
- Fair Housing Regulations
- Inside Sales
- Outside Sales
- Word Processing
About Company
At Securian Financial, we provide solutions that let you focus on your most important asset: family. Our insurance, investment and retirement solutions give you the confidence to focus on what’s truly valuable: banking memories with those who matter most.
