The Opportunity
The Senior Closer performs a variety of loan closing/funding functions, including the preparation, review and funding of mortgage loan documents, and the interaction with escrow and title companies. The Senior Closer will act as a liaison between the Mortgage Banker and the borrower at the application stage and between Mortgage Banker and capital markets at the rate lock stage. The Senior Closer will coordinate, monitor, and help resolve pre-closing, closing and post-closing issues among multiple platforms including underwriting, accounting and treasury, legal, new loan boarding, client relations and other servicing platforms.
- Assists the underwriter and/or Mortgage Banker in the final stages of the loan due diligence.
- Reviews the application and rate lock documentation.
- Coordinates commitment, closing, and delivery phases of loans originated to ensure commitment requirements are satisfied within a specified timeframe to enable best execution.
- Verifies receipt and disbursement of all fees as per commitment terms or investor guidelines.
- Maintains tickler and status file to monitor and track appropriate documentation requirements.
- Coordinates insurance review with third-party consultants and assists the underwriter, Mortgage Banker or Lender’s counsel in resolving any insurance issues that may arise.
- Request and analyze current real estate tax information.
- Sets up loan funding calculations and prepares Closing Workbook consisting of Escrow Analysis, Property Taxes and Insurance, Reconciliation Sheet and Servicing Memorandum; Ensures accuracy of all related accounting entries; Resolves all closing figures with title company and Mortgage Banker.
- Prepares and submits wire requests for loan funding along with applicable supporting documentation.
- Balances good faith reconciliation statement in accordance with corporate guidelines.
- Records loan and closing information in OmniView, the Company’s loan system of record.
- Prepares the closing file for delivery to the New Loan Boarding team, warehouse provider (if applicable), and the Investor or document custodian.
- Tracks delivery of loan documents to custodian and follow-up on receipt of recorded documents.
- Works with Senior Vice President-Closing on all process improvement activities
- Other duties as assigned.
What you will need to be successful in this role
- High School Diploma, GED/equivalent certification, or equivalent military experience; Bachelor’s degree or higher in the Real Estate of Finance field preferred.
- Minimum of eight (8) years of experience as a business or legal loan closing coordinator or agency specialist for a financial institution.
- Solid math and calculation skills.
- Organized with a strong attention to detail.
- Strong verbal and written communication skills.
- Advanced proficiency in computer applications using Microsoft Office Suite.
- Ability to work independently with minimal supervision and as part of a larger team with a demonstrated flexible attitude.
- Excellent interpersonal skills- must be confident and comfortable in speaking with internal and external team members.
- Comfortable on a high-volume and fast-paced environment.
- Motivated to achieve personal and departmental goals.
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Berkadia, as an equal opportunity employer, celebrates our employees’ unique differences, which we believe drives personal and company-wide innovation and creates a people-first culture where your career can take the long view. To achieve these goals, we are committed to the full inclusion of all qualified individuals, without regard to race, religion, age, color, national origin, gender, sexual orientation, gender identity or expression, marital status, domestic partner status, military and veteran status, disability, pregnancy, parental status, genetic information, political affiliation, or any other status protected by federal, state and local laws.
In keeping with our commitment, Berkadia takes the necessary steps to provide a workplace free from harassment and discrimination, as well as access and reasonable accommodations for individuals with disabilities. If you require reasonable accommodation to take part in the interview process, please contact [email protected].
You have rights under Federal and State employment laws. No question in this Application is intended to elicit information in violation of any such law, nor will any information obtained in response to any question be used in violation of any such law. If you apply for this role, you are acknowledging Berkadia's Application Policy and Berkadia's Privacy Policy. Please click the following links for more information about: EEOC, Employee Rights under the FMLA, EPPA.
Top Skills
What We Do
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Powered by deep relationships and industry-changing technology, our people sell, finance, and service commercial real estate, providing support for the entire life cycle of our clients’ assets. Our unique ownership structure allows us to put our clients’ interests first and create a marketplace that delivers a superior experience.
