Loan Processor

Loan Processor - Agency

Northmarq - Denver, CO

At Northmarq, you can be part of something special. Northmarq is a unique capital markets resource for commercial real estate investors, providing our clients access to experts in debt, equity, investment sales, loan servicing, and fund management. We offer you a career path with best-in-class training, and we foster inclusive teams committed to collaboration, mentoring, and growth. At Northmarq, we will help you unlock your potential - whether you are an industry veteran or you're just getting started. Your new career is waiting. Start something special today. Northmarq was voted by Real Estate Forum as one of The Best Places to Work in Commercial Real Estate

Northmarq is currently seeking a dynamic individual for the role of a DUS Loan Processor to join our team in Dallas, Denver, or Omaha. This role supports the Underwriters, Analysts, and upper management all while ensuring outstanding client service. The individual will play a vital role in transitioning a loan request from our Screening Team to our Underwriting Team. The candidate will follow this transaction through to Closing. To be successful in this position one must utilize strong, proactive communication and organizational skills. The individual should remain flexible as they may be asked to cover office administrative duties on occasion.

*This position is an in-office position, with an immediate start date.

Position Responsibilities:

Transaction Setup and Communication:

• Establish a collaborative workspace on Microsoft Teams to enhance teamwork and streamline document sharing.
• Manage Salesforce deal records, ensuring accurate and updated information for internal monitoring and reporting.
• Organize the active deal file tree, transferring documents from Prospective Loan File to DUS Loan Files.
• Coordinate and distribute call invitations via Microsoft Outlook and Teams.

Third-Party and Vendor Management:

• Gather proposals from third-party vendors (Engineering, Environmental, Appraisals, Zoning reports).
• Prepare and distribute engagement letters through DocuSign upon agreement on pricing.
• Facilitate property inspections, coordinating schedules for the Underwriter, Analyst, and vendors.
• Email due diligence items to vendors and engage outside counsel, filing initial documentation in the active loan file tree and Teams.
• Engage Insurance and Tax Reviewers, providing necessary information.
• Monitor due dates for third-party reports, ensuring timely communication with vendors.
• Save draft third-party reports to appropriate folders, notifying the underwriting team, and updating Microsoft Teams with the latest information.

Data Collection Policy Enforcement:

• Participate in kick-off calls for new transactions.
• Create and finalize the Contact List.
• Retrieve and review credit reports, public searches, Applicant Experience Checks, FHFA checks, OFAC, HUD-LDP, and EPLS during the initial stage, addressing issues with the Underwriter and Analyst.

Additional Responsibilities:

• Track transaction expenses in Salesforce and submit invoices for payment.
• Support departmental projects and take on additional duties as the department expands.

What We're Looking For:

• A four-year college degree is preferred; familiarity with Fannie Mae or Freddie Mac multifamily loan programs through work experience is a plus
• Strong computer skills, proficiency in Microsoft Office (Word, Excel, Teams), and aptitude for Adobe and database applications.
• Customer service-oriented with strong teamwork and partnering skills.
• Excellent organizational and multitasking abilities, with the ability to work independently with minimal supervision.
• Effective oral and written communication skills.
• Strong problem-solving skills and the ability to prioritize and meet deadlines.
• Ability to handle sensitive and confidential information.
• Positive attitude, and a team player who actively seeks to increase your knowledge to become a more integral part of the process.

Northmarq offers a highly competitive benefits package including: medical, dental, vision, paid time off, 401K match and an annual discretionary contribution based on business performance, paid parental leave and adoption assistance, education assistance, volunteer paid time off, charitable contribution match and so much more

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