Old Republic Title · 1 week ago
National Commercial Closer
Hoboken, NJ
Full-time
Hybrid
Mid, Senior Level
$75K/yr - $90K/yr
5+ years expOld Republic Title is seeking a National Commercial Closer to join their National Commercial Services team in Hoboken, NJ. The role involves managing complex commercial real estate transaction closings, ensuring accuracy, compliance, and effective communication with multiple parties involved in each transaction.
InsuranceMortgageReal Estate
Responsibilities
Prepare accurate and balanced closing statements as per transactional requirements
Review the title commitment to determine the items necessary to be addressed in the closing, i.e., open mortgages, tax and utility payments, other liens, etc., and contact the necessary parties to obtain invoices, payoffs, payment instructions, etc
Review and comply with Closing Instructions from Lenders, Purchasers, Sellers or other parties to the transaction and to prepare correct and accurate closing statements and meet all conditions contained in the Closing Instructions
Coordinate with Accounting to track incoming and outgoing funds by check, wire and transfer and to apprise Accounting of any changes in disbursement information. Advise Accounting of file numbers. Provide Accounting with accurate and verified payment instructions
Follow Company best practice instructions as to verification of wire instructions, secure necessary approvals for “jumbo” and international wires
Coordinate with Recording as to amounts for taxes and recording fees necessary to record closing documents
Communicate with parties to the transaction as to receipt of funds, seek authorization from parties to break escrow, close and disburse. Once the transaction is closed advise parties that the transaction is closed and provide wire confirmations and/or copies of checks as appropriate to the transaction
Advise Accounting and Recording that the transaction is closed
Conduct post-closing review of file to ensure that all disbursements have been made including that any checks have been sent to the correct party and address
Review or confirm with Recording and Underwriting that all documents to the transaction have been received, are in good form and ensure that addresses, names and legal descriptions are shown accurately
Qualification
Required
Minimum 5 years of experience in a title or legal field including experience with real estate closings
Excellent mathematic, verbal and written communication skills
Excellent interpersonal and customer service skills
Ability to prioritize and handle multiple projects
Impeccable attention to detail and organizational skills
Proficient in a variety of computer software systems, such as Microsoft Office
Willingness and ability to learn and utilize new software systems
Benefits
Comprehensive medical, prescriptions, dental and vision plans
401(k) plan with a discretionary company match
Shareholder Purchase and Reinvestment Plan
Basic life and accidental death and dismemberment insurance premium paid by the company
Voluntary supplemental life insurance for employees, spouses and dependent children
Fertility and Family Building Benefits
Paid Disability benefits
Paid time off programs
11 Company paid holidays per year
Flexible spending account
Health savings account (available to High Deductible Health Plan participants only)
Employee Assistance Program
Educational Assistance Program
Voluntary benefits, such as Critical Illness, Hospital Indemnity, Pet Insurance and Accident Insurance
Title insurance policies and certain escrow services for the employee’s primary personal residence at no charge
Transportation benefit plan for mass transit, parking and vanpool, in several markets
Company
Old Republic Title
Old Republic Title is one of the largest title insurance groups* in the United States.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Carolyn Monroe
President and CEO
Blane Bauch
SVP Chief Revenue Officer | National Services Division
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