Loan Processor/Closer
Colliers International, United States
Job Description
Colliers Mortgage offers a comprehensive range of products and services designed to meet our clients’ financing, funding, and capitalization needs. Our experts are available to help clients access federal agency loan programs, structure competitive financing packages for borrowers and lenders, or identify capital sources for capitalization requirements.
As an approved Fannie Mae DUS lender, FHA/HUD lender and Fannie Mae issuer, we offer a variety of loan products for the acquisition, refinance, construction or rehabilitation of various property types. Colliers Mortgage was also awarded designation as a lender/partner with the USDA under the Communities Facilities Guaranteed Program.
Summary:
The Loan Processor/Closer is responsible for working with internal and external clients to ensure the timely completion of the due diligence process from loan origination through closing and post-closing on HUD and Fannie Mae multi-family housing loans.
Requirements
Essential Duties and Responsibilities:
- Draft various checklists, forms, and correspondence utilizing existing templates.
- Participate in frequent conference calls with borrowers, originators, attorneys, and underwriters to update all parties on the current status of the due diligence process.
- Communicate with third party vendors to request bids and order the completion of Appraisals, Phase I Environmental Reports, Property Condition Reports, and Environmental Database searches.
- Order credit reports and complete OFAC and AEC searches, and other searches as may be required.
- Order zoning letters, certificates of occupancy, and code compliance verifications from City and local authorities.
- Track incoming loan application deposits and request checks from accounting as needed to order zoning letters and other city related documents.
- Interacts closely with the underwriter and originator, counsel and agency personnel.
- Review draft loan documents and provide comments as needed to counsel and underwriters.
- Prepare loan settlement statement, coordinate disbursement of loan proceeds through warehouse lender and accounting, as well as securitization processes.
- Complete quality control review of file for audit purposes following closing.
- Provide press release information to marketing team.
- Process all file invoices for payment to third party vendors following closing.
- Maintain electronic due diligence files in line with existing processes and standards.
- Update computer systems as needed with file and loan information.
- Other duties as assigned.
Job Requirements:
- High School Diploma/GED required
- Associates Degree or Paralegal Degree required; or a combination of education and experience
- Bachelor’s Degree preferred
- Notary Public license preferred
- Knowledge of commercial real estate lending, legal, and general office skills preferred.
- Knowledge of corporate entity ownership structures preferred
- Excellent verbal, written and interpersonal communication skills, in order to effectively communicate with clients, loan originators, brokers, attorneys, third party vendors, city authorities, underwriters, team members, and others as needed
- Able to work independently and with a team.
- Able to use sound analytical and judgment skills as it relates to the position.
- Detail oriented
- Able to prioritize workload and manage several complex projects simultaneously to meet deadlines
- Regular and reliable attendance required
Benefits
We offer a comprehensive benefits package for employees and their families including medical and dental plans; 401k plan including company matching; firm funded life and disability insurance.
Equal Opportunity Employer Minorities/Women/Veterans/Disabled