Description
Job Summary:
A Loan Coordinator will be responsible for obtaining all required diligence documents from borrower team and coordinating third party vendors and the deal team in connection with each loan. A Loan Coordinator will work closely with senior management, clients, internal teams and various third parties.
A Loan Coordinator will be responsible for obtaining all required diligence documents from borrower team and coordinating third party vendors and the deal team in connection with each loan. A Loan Coordinator will work closely with senior management, clients, internal teams and various third parties.
Essential Functions and Responsibilities: Include the following but not limited to, other duties may be assigned.
- Work with legal counsel, title and escrow, deal team and third-party vendors to coordinate the kick-off, checklist and welcome email transmission, diligence document upload, bank account set-up, title review, document preparation and third-party vendor review of diligence documents
- Manage loan life cycle in pipeline and coordinate and drive communication between deal team, including underwriting and originations to ensure that diligence documents are uploaded into Salesforce in a timely manner
- Facilitate kick-off and check-in calls, as well as prepare and update diligence checklists for deal team
- Communicate with borrowers, third parties and internal business partners during diligence to facilitate efficient underwriting and loan closing
- Coordinate and review background and credit search, engage the title company by providing initial quotes to borrower team, vet third party title companies, as well as coordinate the set-up of bank accounts related to cash management
- Coordinate with internal deal teams and external vendors regarding pipeline forecasting
- Assist with warehouse financing draws
- Assist with securitization
- Ensure closing packages in Salesforce are complete and facilitate boarding of closed loans with servicer
- Effectively apply project coordination and loan closing standards and develop best practices and processes for closings
- Additional duties as requested by management
Minimum Requirements: The responsibilities listed below are required. Accommodations may be made to enable the individual with disabilities to ensure the individual can perform the essential functions and responsibilities.
Working Conditions:- Bachelor's degree, or equivalent work experience
- Minimum 2 years commercial real estate loan closing and funding experience
- 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
- Exceptional internal and external customer service
- Typical office environment with no unusual exposures
- Extensive use of computer, keyboard and office equipment
- Occasional Overtime
Experience
2+ to 5 years
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