Loan Closer Commercial Real Estate Group Senior

Profile

Loan Closer Commercial Real Estate Group
The candidate will be responsible for the closing and funding tasks of complex commercial real estate loans originated for investor and/or bank balance sheet portfolios, including managing the closing schedule for the transaction. Loan sizes will typically range from $1.5M to $25M, and be secured by property types including multifamily, retail, office and industrial. Loans may also include bridge and construction loans. Investor loans may include loans originated under the Fannie Mae DUS program and participation loans with other lenders. Collateral properties are typically located within company’s lending network in 10 western states, although DUS loans may be located throughout the US. Work closely with the CRE Loan Closing Processor and Underwriter to ensure all documents needed for closing and funding the loan have been received and reviewed for compliance with credit approval and program requirements. Also work closely with Loan Closers to review documents as needed. Organize and lead the initial meeting of the parties involved in the transaction to set expectations for deliverables and timetables. This may include the borrower, broker, underwriter, production analyst, processor and relationship manager. Conduct follow up meetings as needed. Manage timing of the scheduled closing date with all internal and external parties throughout the transaction and update central database for reporting purposes. Collect, review and verify documentation received from various parties as necessary to complete the loan transaction, including borrower entity documents, transaction agreements, title and survey documents, escrow related documents, compliance documents, insurance evidence, flood certifications, commercial appraisals, seismic reports. Order and review documents from approved vendors, including loan documentation vendor and/or outside legal counsel, and insurance compliance reviews from vendor when appropriate. Draft proposed language for loan documents as appropriate (and subject to Closing Manager approval). Confirm final loan documentation conforms to terms of credit approval. Coordinate closing activities among borrower, borrower’s legal counsel, processor, underwriter, bank counsel, and relationship manager as needed. Provide guidance and support to Closing staff as needed, including reviewing loan document orders, title and other transaction documents. Prepare closing/settlement statements, escrow instructions, UCC statements, reserve analysis, rate lock worksheets, commitment letters, etc. as appropriate. Perform/review public records searches to confirm borrower compliance, entity status, property restrictions, etc. Initiate funding transactions when file is fully prepared. Ensure final loan documents are properly executed, recorded and delivered as appropriate, with complete images uploaded to company’s document management platform. Complete delivery process to Fannie Mae for DUS loans. Assist Closing Manager as needed. Other duties as assigned.

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