The Professionals’ Choice for Real Estate Jobs
  1. Home
  2. Find Jobs
  3. Loan Processor/Closer

Loan Processor/Closer

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
New York
 NY
Postal Code
10004
Country
United States

This job is no longer active.

Description


Basis Investment Group is looking to hire a Processor/Closer to join its Multifamily Finance production team.   

Basis Investment Group is a New York based multi-strategy commercial real estate (‘CRE”) investment platform that originates and securitizes Agency, CMBS and Bridge senior mortgages, invests in subordinate debt including mezzanine loans, B-Notes and preferred equity, and opportunistically buys CMBS tranches including B-pieces & performing & distressed whole loans.  With 50+ years of collective debt and equity experience, the key members of Basis management team have originated and closed in excess of $30 billion of CRE investments.  Please visit our website for more information about Basis.    


JOB SCOPE & RESPONSIBILITIES:

 

  • Work with loan originators, underwriters, analysts, brokers and borrowers to obtain documents required to underwrite and thereafter close commercial real estate loans
  • Assist borrowers with completing Freddie Mac forms 1115, 1116, loan application addendums and upload all documents to DMS for underwriting with Freddie Mac
  • Review borrower’s insurance policy(s) to ensure they met Freddie Mac guidelines, and upload to ICT for processing
  • Organize loan files, prepare and maintain needs list, and follow-up as required to ensure receipt of all necessary documents
  • Track orders for appraisals, environmental site assessments, physical inspection reports, preliminary title reports, credit reports and other third-party reports to ensure timely receipt
  • Assist underwriting in clearing pre-funding conditions and prepare wiring instructions for disbursement of loan proceeds
  • Develop and transmit electronic loan files for pre-funding approval of warehouse lender
  • Coordinate final preparation of loan documents and closing procedures with title officers and closing attorneys
  • Conduct pre-closing file reviews and facilitate approvals to close
  • Receive and audit executed closing documents and transmit original documents to third party original document custodian
  • Follow-up as required to obtain title insurance policies, recorded mortgage and other security instruments, and other post-closing documents
  • Prepare loan boarding input documents for loan servicer and transmit completed files to internal loan file custodian

               

JOB SKILLS & KNOWLEDGE:

 

  • College degree preferred, but not required
  • 2 to 3 years of experience preferably with Agency lending platform(s)
  • Familiarity with Freddie Mac systems
  • Proficiency in Microsoft Office Suite, with a focus on Excel and Word
  • Exceptional organizational skills and ability to multi-task
  • Exceptional interpersonal and communication skills
  • Self-motivated worker with the ability and flexibility to work in a dynamic, team setting as well as independently
 

Job Sector


Not specified

 

Experience


2+ to 5 years


This job is no longer active.

Corporate Real Estate New York Full Time NY Investment Management, Transaction, Mortgage Asset Management Analyst other