Be an early applicantLess than 25 applicants

Company

Newmark · 23 hours ago

Sr Closing Officer - Commercial GSE

United States

Full-time

Remote

Senior Level

5+ years exp

Maximize your interview chances

AdviceCommercial Real Estate

H1B Sponsor Likely

Hiring Manager

Geraldyne Sandoval

Insider Connection @Newmark

Discover valuable connections within the company who might provide insights and potential referrals.
Get 3x more responses when you reach out via email instead of LinkedIn.

Responsibilities

Review and analyze closing due diligence items (i.e. organizational documents, management agreement, title commitment and title exceptions, laundry leases, commercial tenant leases, evidence of insurance, various third party reports, etc.)

Provide all closing due diligence items to outside counsel for review in a timely manner and work closely with them to ensure all rate lock and closing conditions are satisfactorily met in a timely manner.

Review and evaluate borrower comments to loan documents with outside counsel, recommend appropriate responses through credit risk analysis based on professional experience, knowledge and outside counsel recommendations.

Represent Newmark to outside parties including borrower, investor and counsel during loan document modification negotiations and/or conference calls.

Reconcile all income and expenses to confirm the loan is balanced prior to closing.

Review Loan Commitments and provide comments to ensure accuracy and completeness related to specific terms and conditions of the loan structure.

Responsible for managing the insurance review process. Work with Insurance Consultants and understand, review insurance against investor requirements. Responsible for shepherding the internal insurance waiver process.

Communicate with and provide detailed guidance to other departments within Newmark with regard to complicated/out of the box transactions.

Responsible for managing closing process with internal and external parties to ensure timely closing and sale to investors.

Demonstrates strong experience with credit facility, non-standard transactions and all affordable products, including forward commitments, seniors, TEL and M.TEB transactions.

Clearly and immediately communicate problems/issues with a closing or deal and elevate appropriately.

Provide backup assistance to Closing Manager and the Delivery Team

Assist with special projects to improve the process and experience of our clients and business partners.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

Commercial GSE Loan ClosingReal Estate FinanceEscrow terminologyMicrosoft OfficeCredit risk analysisInsurance review processProject organization

Required

High School diploma or equivalent

5-7 years of commercial GSE closing experience

Thoroughly familiar with escrow/real estate terminology and real estate documents

Highly developed analytical, research and written/verbal communication skills

Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy.

Demonstrate ability to organize and prioritize projects; complete multiple tasks on schedule.

Ability to work productively under minimal supervision.

Must be proficient in Microsoft Office.

Strong work ethic and pro-active team player, able to work effectively under sometimes stressful conditions.

Preferred

B.A. /B.S. degree

Successful completion of Real Estate Finance and Escrow I course or equivalent

Benefits

Competitive benefits package

Discretionary bonuses

Other short- and long-term incentives (e.g., deferred cash, equity, etc.)

Company

Newmark

Glassdoor

3.7

Newmark is a commercial real estate company that offers real estate brokerage, leasing, and property management services.

Founded in 1929

New York, New York, USA

5001-10000 employees

https://www.nmrk.com

H1B Sponsorship

Newmark has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2023 (2)

2022 (3)

2021 (4)