Job description

Commercial Real Estate Loan Processor - The Commercial Real Estate Loan Processor will be responsible for document collection, review and analysis in support of loan the loan originators and underwriters. Primary duties include assembling loan files, developing needs lists, engaging and tracking orders for third party reports, assisting underwriters in clearing pre-funding conditions, coordinating closings with title officers and legal counsel, disbursing loan proceeds and boarding funded loans.

Essential Duties and Responsibilities - Duties and Responsibilities include, but are not limited to the following:

• Work with loan originators, loan analysts and borrowers/brokers to obtain documents required to underwrite and thereafter close commercial real estate loans.
• Follow up with Broker, Client and Underwriter as required for file completion. Organize loan files, prepare and maintain needs list, and follow-up as required to ensure receipt of all necessary documents.
• Order and track appraisals, environmental site assessments, physical inspection reports, preliminary title reports, credit reports and other third-party reports to ensure timely receipt
• Assist loan underwriters in clearing pre-funding conditions
• 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. Prepare wiring instructions and coordinate disbursement of loan proceeds.
• Receive and audit executed closing documents.
• Follow-up as required to obtain title insurance policies, recorded mortgage and other security instruments, and other post-closing documents.
• Transmit original documents to third party original document custodian.
• Prepare loan boarding input documents for loan servicer.
• Transmit completed files to internal loan file custodian.
• Perform other related duties as required and assigned

Other Responsibilities may include:

• Work on special projects as assigned
• Assist origination credit officers as needed
• Assist asset managers on post-close as needed
• Participate in periodic meetings with Commercial Lending and Senior Management to monitor portfolio trends and specific asset performance.
• Work with IT and Application Development on building and supporting underwriting models.
• Demonstrate behaviors which are aligned with the organization’s desired culture and values.

QUALIFICATIONS - The ideal candidate should possess the following skills:

• Ability to exercise good judgment and solve problems independently.
• Work effectively in a collaborative environment, providing stellar service to colleagues and customers alike.
• Five (5) or more years’ experience working in a commercial real estate lending or loan brokerage firm supporting Credit, Processing and/or Originations.
• NOTE: In lieu of lending or brokerage experience, real estate Paralegal or Attorney experience will be strongly considered.
• Ability to work independently and responsibly with little supervision or instruction, but also be a team player.
• Ability to work on multiple transactions simultaneously and meet service level turn-times.
• Requires strong analytical skills with advance and attention to detail.
• Strong, clear and concise communication skills.
• Some travel may be required.

Type:

Full Time

Base Salary Range:

$85,000 - $100,000

Location:

North Carolina – Charlotte

Reports To:

Chief Executive Officer or Designee

Job Type: Full-time

Pay: $85,000.00 - $100,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Flexible schedule
• Health insurance
• Paid time off
• Vision insurance

Physical setting:

• Office

Schedule:

• 8 hour shift
• Monday to Friday

Supplemental pay types:

• Bonus pay

Experience:

• COMMERCIAL Credit: 5 years (Preferred)
• COMMERCIAL Loan Processing or legal (paralegal or attorney): 5 years (Required)

Work Location: In person

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