Commercial Mortgage Loan Closer (Direct Hire)

Expected Start Date: 7/15

Description

Responsible for managing the coordination, documentation and closing of commercial real estate loan investments throughout the US that meet the company’s documentation and due diligence standards. Achieve this by actively managing the timely receipt and analysis of due diligence items to identify exceptions, analyze risk of exceptions and employ a resolution or elevate as necessary. Additionally responsible for the selection and preparation of the standard loan documents to accurately reflect the terms of the transaction. Remote work environment will be considered.

What You Will Do

• Effectively communicate requirements and actively track the timely receipt of outstanding due diligence items and coordinate resolution of issues as needed to meet closing timelines.
• Review title insurance commitments and exceptions to assure the loan is in first lien position and not subject to hidden defects or monetary encumbrances that may impact the security for the loan. Complete standard escrow instructions containing the permitted exceptions and required endorsements. Review survey if applicable.
• Prepare and distribute SNDA's if applicable. Review signed estoppels upon receipt to the rent roll used to underwrite the loan to identify any exceptions and elevate for analysis as appropriate.
• Review borrower formation documentation to ascertain the appropriate powers and designated parties permitted to execute documents on behalf of the entity. Select and prepare standard loan documentation to properly incorporate the approved terms and requirements of the loan.
• Execute funding process including the finalization and transmittal of final loan documents, calculation of funding wire, communication with escrow, system inputs, file organization, verification of document execution and wiring procedures.
  
  
  

Additional Skills & Qualifications

• 2 year degree or equivalent experience with a financial institution, legal or title company.
• 2-3 years in closing commercial real estate loans.
• Real estate finance, title company or legal experience
• Proficient in Microsoft Word, Excel and Outlook.
• Dedicated to customer service, diversity, equality and inclusion.
• Motivated, collaborative team player.
• Familiarity with real property rights, title issues, financing and entity structure terms.
• Oral and written skills enabling positive one-on-one interaction and effective communication of expectations and actions.
• Possess problem solving skills and ability to work independently and meet deadlines.
• Attention to detail and accuracy when performing verification of due diligence items, and document drafting.
• The ability to organize and establish priorities while managing multiple transactions at a time.
  
  
  

Work Environment

Remote - Must be able to work PST schedule

Benefits

We don’t take a “one-size-fits-all” approach when it comes to our employees. Our programs are designed to make your life better both at work and at home.

• Flexible full-time or hybrid telecommuting arrangements
• Plan for your future with our 401(k) plan and take advantage of immediate vesting and company matching up to 6%
• Paid time away including vacation and sick time, flex days and ten paid holidays
• Give back to your community and double your impact through our company matching
  
  
  

About TEKsystems

We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.