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SAB Loan Closer
$70,000 - $90,000/Yr
CoreVest American Finance Lender - New York, NY
posted 2 days ago
Full-time - Entry Level
New York, NY
Credit Intermediation and Related Activities
About the position
The Loan Closer will be responsible for the working with internal teams and external stakeholders to facilitate the documentation and closing of real estate financing transactions. The ideal candidate is detail-oriented, a strong communicator, and eager to learn the processes utilized in the closing of single asset bridge (SAB) loans. SAB covers a variety of loans including fix and flip, ground up construction, and bridge transactions.
Responsibilities
- Review title commitments to ensure compliance with CoreVest's standards.
- Drafting of unsigned documents upon underwriting approval for real estate financing transactions.
- Work with underwriting, internal legal, and escrow to facilitate an efficient loan closing process.
- Assist with the review of closing packages to ensure that they are complete, and deals are ready for funding.
- Effectively apply project coordination and loan closing standards.
- Develop, and implement, best practices and processes for real estate financing transactions.
- Communicate effectively and productively with underwriters, loan managers, loan originators, and other key people and departments involved in real estate financing transactions.
- Serve as backup for other key people and departments when someone is out of office.
Requirements
- Paralegal certificate, bachelor's degree, or equivalent work experience
- Preferably 2+ years working experience in commercial real estate loan transaction experience
- Strong working knowledge of mortgage loan documents
- Escrow and title experience are pluses
- Proficiency in Word, PowerPoint, and Excel
- Strong written and verbal communication skills
- Strong attention to detail and organizational skills
Benefits
- Discretionary corporate bonus program
- Multiple health plans
- STD and LTD options
- Company sponsored life insurance
- Fitness reimbursement
- Paid parental leave
- Time to volunteer
- Paid Time off
- ESPP
- 401K matching
