Commercial Loan Closer
Pacific Southwest Realty Services (“PSRS”) emphasizes the quality, relationship driven services that we have been providing as a full-service Commercial Mortgage Banking firm since 1972.
PSRS is one of the largest privately held commercial mortgage banking firms in the Western United States.
Our Los Angeles office is looking for someone who is interested in or has several years of experience closing loans for life insurance companies, CMBS or Bank lenders.
This person may have experience in title/escrow or as a real estate paralegal or as an underwriter.
This position would be in our Brentwood (West Los Angeles office) managing the 3rd party reports (Appraisal, phase I, PCR and PML), title, survey, zoning reports, legal searches, estoppels, SNDA’s, and entity documents.
Strong organizational skills are a must as you will be working about 6 transactions per month.
It would be very helpful to have a CA RE license and notary license.
You will be one of two loan closers who will be working for a close-knit group of 7 loan officers.
Duties and Responsibilities:
Ideally, we are looking for the right candidate who can coordinate all activities upon loan approval through loan closing.
Provide support to a high performing origination team and work under minimal supervision.
Must possess strong analytical skills and be an effective problem-solver.
Must also be able to perform other duties and assignments regarding production support as needed.
Closing Coordination
Developing and maintaining detailed checklists and timeline for each transaction file
Review loan application
Coordinate loan requirements with third party vendors, attorneys and escrow company.
Order credit reports
Obtain zoning letter and certificates of occupancy
Gather and submit to lender closing items/documentation
Compile invoices and wiring instructions for payment by escrow
Complete estoppels and subordination agreements
Coordination of loan documents and signing
Day to day communications with borrower, lender, attorneys, title and escrow officers, and report writers on any closing items, changes, and due dates throughout the closing process
Post-Closing
– Gather loan documentation and submit closing file to Servicing Department and to the borrower
Maintain and update pipeline of loans in process in the company tracking system.
Perform other reasonably related business duties assigned by a supervisor
Qualifications:
3+ years, senior-level administrative support
Junior college or equivalent work experience
Escrow or title experience is a plus
Advanced typing and computer skills
Able to work independently or as part of a team
Commercial real estate experience a plus
Notary Public a plus
Able to communicate in a professional and courteous manner in person, over the phone and via written correspondence.
Detail -oriented
Maintain a high level of confidentiality and exercise independent judgement and analysis.
Skills/Program:
Advanced typing, computer, laser printer, scanner, and internet research.
Software to include Word, Excel, Adobe Acrobat.
Must be a quick learner!
If you are interested in this position, please submit your resume and salary requirements.
PSRS is an Equal Opportunity Employer and offers a competitive salary & benefits package.
http://www.psrs.com
Job Type: Full-time
Pay: $65,000.00
– $75,000.00 per year
Benefits:
401(k)
401(k) matching
Dental insurance
Flexible schedule
Health insurance
Life insurance
Paid time off
Vision insurance
Physical Setting:
Office
Schedule:
8 hour shift
Monday to Friday
COVID-19 considerations:
We operate in accordance with all state and local safety and health guidelines.
Education:
Associate (Required)
Experience:
Loan Closing: 2 years (Preferred)
Loan Processing: 1 year (Preferred)
Work Location:
One location
Work Remotely:
Temporarily due to COVID-19
Work Location: One location