Senior Closing Officer
4 weeks ago
Job Summary:
We are seeking a highly skilled Senior Closing Officer to join our team at Newmark Ltd. The ideal candidate will have a minimum of 5-7 years of commercial GSE loan closing experience and a strong background in real estate finance.
Responsibilities:
* Review and analyze closing due diligence items, including organizational documents, management agreements, and title commitments.
* Provide closing due diligence items to outside counsel for review and work closely with them to ensure all rate lock and closing conditions are met.
* Evaluate borrower comments to loan documents and recommend responses based on credit risk analysis.
* Represent Newmark Ltd. to outside parties, including borrowers, investors, and counsel, during loan document modification negotiations.
* Reconcile income and expenses to confirm the loan is balanced prior to closing.
* Review loan commitments and provide comments to ensure accuracy and completeness.
* Manage the insurance review process and work with insurance consultants to understand and review insurance against investor requirements.
* Communicate with other departments within Newmark Ltd. regarding complicated transactions.
* Manage the closing process with internal and external parties to ensure timely closing and sale to investors.
Qualifications:
* High school diploma or equivalent
* B.A./B.S. degree preferred
* Successful completion of Real Estate Finance and Escrow I course or equivalent
* 5-7 years of commercial GSE closing experience
* Thorough knowledge of escrow/real estate terminology and real estate documents
* Strong analytical, research, and communication skills
* Ability to problem-solve and exercise independent judgment
* Ability to work productively under minimal supervision
* Proficient in Microsoft Office
* Strong work ethic and team player
Salary: $110,000 - $130,000 annually
Working Conditions: Normal working conditions with the absence of disagreeable elements
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