Log In
Sign Up
You are interested in a career in mortgage backed securities from Government Sponsored Enterprises (GSE) such as Fannie Mae and Freddie Mac. You also take pride in contributing and supporting affordable housing for everyone. A role as a Senior Loan Closer in our Agency Multifamily Lending group is for you.
The Senior Loan Closer collaborates with the origination teams to facilitate a seamless process for multifamily agency loans, while also cultivating strong working relationships with internal stakeholders, including sales, underwriting loan servicing, legal counsel, and Government Sponsored Enterprises agencies.
As a Senior Loan Closer on the OBS and Agency Lending team, you will play a crucial role in the smooth and timely closing and delivery of multifamily agency loans. This role provides you with the opportunity to deliver excellent customer service, adhere to bank compliance and requirements, and contribute to our mission of supporting affordable housing.
Job Responsibilities:
- Manage closing and delivery of commercial real estate multifamily loans (GSE), primarily Fannie Mae and Freddie Mac, from application to post closing status
- Ensure that the appropriate requirements are received and required approvals are obtained for the issuance of commitment letters and rate lock
- Prepare Commitment Letters, tax and insurance escrow analysis and Closing Statements in preparation of loan closing
- Review loan documents to ensure accuracy and compliance with Lender and Agency requirements and ensure compliance with bank policies, procedures and regulatory requirements are met
- Coordinate with outside counsel, title/escrow and closing partners to ensure timely funding on closing day
- Review loan information and documents for accuracy for loan servicing and boarding
- Review and submit the loan delivery to Fannie Mae and Freddie Mac and other projects, duties assigned by the manager
Required Qualifications, Capabilities and Skills:
- Minimum of 5 years experience with closing and delivery of Fannie Mae and Freddie Mac multifamily loans
- Knowledge of Fannie Mae and Freddie Mac applications
- Strong analytical and problem-solving skills; ability to resolve issues with management guidance and demonstrated excellent attention to detail and accuracy
- Ability to work as part of a team, interact, collaborate and assist less experienced associates
- Ability to work autonomously to manage time effectively and prioritize work appropriately to meet deadlines
- Strong business communication skills; able to write/speak clearly and professionally with a variety of stakeholder and proven ability to maintain confidentiality and professionally handle sensitive documents
- Bachelor’s degree
Preferred Qualifications, Capabilities and Skills:
- Proficient with Microsoft (word, excel, PowerPoint) systems and Adobe
- Knowledge of Commercial Real Estate terms
- Previous Commercial Real Estate loan closing experience
Source: JP Morgan Career Page
