Apply on Employer Site

BWE · 1 month ago

Transaction Manager- Loan Closer

Cleveland, OH

Full-time

Onsite

Entry Level

1+ years exp

BWE is a company that specializes in commercial mortgage loans, and they are seeking a Transaction Manager- Loan Closer to support the loan closing process. The role involves coordinating with various parties to ensure a smooth transition from production to closing to servicing of the loans.

BankingFinanceFinancial ServicesLendingReal EstateReal Estate Investment

Responsibilities

Track, coordinate and handle the timely ordering, receipt, review, delivery and approval of third-party reports, including appraisals, environmental reports, surveys, title commitments, searches, flood certificates, engineering reports, and seismic reports, involving the closing manager, transaction managers, producers and analysts when necessary

Become familiar with, and support the establishment and maintenance of a database for, contacts and closing requirements of various lenders

Obtain, review and coordinate lender approval of insurance carried by the borrower

Prepare estoppels, SNDAs, and lease abstracts; review estoppels against the borrower's rent roll

Schedule and coordinate closing calls; draft and/or manage closing checklists to ensure all closing requirements are timely met as a condition to funding

Obtain all lender required due diligence from the borrower

Review lender required due diligence for accuracy and to identify and resolve potential issues prior to transmittal to lender

Prepare and transmit statement of Bellwether and third-party fees to the title company and borrower for closing, and review settlement statement for accuracy

Maintain organized and accurate closing and due diligence files, and upload to central document management system in a timely and organized fashion

Take such other actions as necessary or desirable to ensure loans close, and to ensure a seamless transition to loan set-up and servicing

Assist with special projects on an as needed basis

Qualification

Commercial mortgage loan closingMicrosoft Office proficiencyAdministrative Science knowledgeParalegal Studies knowledgeTeam collaborationDetail-orientedCommunication skillsTime managementInterpersonal skillsProblem-solving skillsOrganizational skillsSelf-motivated

Required

Certificate or Associate's Degree in Administrative Science or Paralegal Studies, or equivalent work experience

At least one year of experience with commercial mortgage loan closings

Strong computer literacy and working knowledge of Microsoft Office products

Ability to operate effectively both independently and in a team environment

Maturity and self-confidence to simultaneously handle a variety of assignments

Ability to work harmoniously with internal/external parties and clients

Self-motivated and detail-oriented with excellent organizational skills and drive to succeed

Ability to organize, direct and motivate others

Must possess judgment necessary to identify when issues and potential issues should be raised to closing manager, transaction managers, producers and/or analysts

Strong oral and written communication skills

Ability to multi-task and manage time effectively

Excellent interpersonal, communication, problem-solving, and organization skills