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Allied Solutions LLC · 4 days ago

Commercial Mortgage Loan Closer

Saint Paul, MN Campus

Full-time

Hybrid

Mid, Senior Level

$56K/yr - $103K/yr

3+ years exp

Allied Solutions LLC is seeking a Commercial Mortgage Loan Closer to join their team at Securian Asset Management. In this role, you will manage complex commercial mortgage transactions, ensuring compliance and smooth closings while collaborating with various stakeholders to enhance operational processes.

Financial ServicesInformation Technology

Responsibilities

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 Lender’s funding wires

Monitor progress of and compliance with loan escrow agreements and handle the disbursement of escrowed funds

Qualification

Commercial loan closingReal estate knowledgeLegalFinancial conceptsAnalytical skillsPC software proficiencyCommunication skillsOrganizational skillsAttention to detailProblem-solvingTime management

Required

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

3+ years experience as a Commercial Loan Closer or equivalent paralegal, loan officer, or underwriting experience in a real estate lending area

Bachelor's Degree in related field and/or equivalent combination of training and experience in the real estate lending environment

Benefits

Paid time off

Leave programs

Holidays

Company-funded pension plan and a 401(k) retirement plan

Health insurance

Volunteer time

Associate Resource Groups

Company

Allied Solutions LLC

Allied Solutions uses technology based products and services to meet the insurance, lending and marketing needs of more than 6,000 financial institutions in North America.

Founded in 2000

Carmel, Indiana, USA

1001-5000 employees