Summary:
The Associate Closer is responsible for actively participating in the closing process of Fannie Mae and Freddie Mac (“Agency") multi-family property loans from loan application to delivery. This is an entry-level position within the field of multi-family commercial real estate finance. Provide support to multiple Closers at any given time. The Associate Closer will work directly with the Closing Manager, Closers, Borrowers, Originators, Processors, Underwriters, and BWE’s outside legal counsel, as well as Agency personnel as required.
Major Responsibilities:
- Assist in the closing process from acceptance of application through funding with limited supervision.
- Ensure applicable searches are completed in a timely manner and satisfactory as required by the Agencies and BWE.
- Assist Closer in transmitting all required due diligence and loan documents (if applicable) to Agency within timeframe set forth in Agency guidelines.
- Organize and maintain accurate closing files.
- Attend Loan Committee meetings and prepare credit approval memorandum.
- Review loan documents and coordinate execution of BWE signature pages.
- Maintain a thorough understanding of Fannie Mae and Freddie Mac closing and funding requirements with a strong knowledge of general real estate practices and law.
- Other duties or special assignments as assigned.
Minimum Requirements:
(experience, education, ksa)
- Minimum of 1 year as a commercial real estate loan closer with multi-family lending experience or relevant work experience strongly preferred.
- Minimum of 1 year as a commercial real estate loan closer with multi-family lending experience or relevant work experience strongly preferred.
- Bachelor’s degree preferred.
- Highly attentive to detail and accuracy.
- Applicable knowledge of Microsoft Office and, ideally, Salesforce CRM.
- Ability to meet deadlines and work in a fast-paced environment.
We encourage you to explore the career opportunities we have available here at BWE!