Loan Closing Coordinator
Location: Chesterfield, Missouri
Description: Reinsurance Group of America is in need of Loan Closing Coordinator right now, this job will be presented in Missouri. For complete informations about this job opportunity kindly see the descriptions. Under limited supervision, assist in closing Commercial Real Estate loans by working closely with borrowers, brokers, underwriters, regional managers, title companies, third-party providers,! and attorneys to collect, review and approve all required due diligence documents within determined deadlines.Work with various groups (in-house attorney, third-party report providers, RGA cash management, borrower, broker, title company, surveyor, insurance agent, borrower’s counsel and lenders) to reach the common goal of closing the loan in a timely manner
Work closely with Legal staff to obtain good standing certificates, original documents, title commitments, surveys, and other documentation; assists in due diligence process
Collect, review and coordinate the approval of all documentation required for closing a commercial real estate loan, including but not limited to: title, survey, leases, zoning letters, management agreements, maintenance and service contracts, organizational documents, operating statements, tax bills, insurance review, flood certifications, rent rolls
Understand the loan parameters and document requirements and report any incons! istencies to underwriting and legal, as appropriate
Assist! in the preparation of legal documents, closing binders, contracts for review, approval, and use by attorneys
Order and monitor progress of all third party reports. Facilitate review and approval of all third party reports by appropriate parties.
Process fees received as part of the application process and in connection with servicing matters and provide a reconciliation of fees received
Coordinate travel in connection with site inspections by underwriters and regional managers
Prepare and request wire transfers of loan funds and refunds of fees
Initiate UCC searches, flood certificates, credit checks, OFAC searches and the preparation of third party reports
Interface with legal counsel to furnish information to underwriter as part of the application and closing process
Prepare data necessary for settlement statement by collecting and processing various fees to third consultants and preparing the tax and insurance escrow analysis
Maintain und! erwriting and closing checklists and prepare closing approval forms and upload documents to Secure File Transfer for review to all parties
Identify and assist in resolving issues affecting client service and risk management
Confirm receipt and accuracy of information delivered post-closing and coordinate the transfer of files to the servicing department after closing
Input all closing information into loan servicing system and ensure accuracy
Assist in loan assumption, workout and foreclosure process
Assist in coordination of equity investments and joint ventures
Maintains regular and predictable attendance
Performs other duties as assigned
Job Requirements :
Required :
High School Diploma, GED or equivalent real estate business experience
7+ Prior Commercial Real Estate loan closing and coordination experience
3-5 years professional experience with 2+ years formal Legal Training or equivalent experience
Intermediate datab! ase experience· Knowledge of legal terminology and methods·
Basic knowledge of accounting·
Ability to rely on instructions and pre-established guidelines to perform the functions of the job· Intermediate knowledge and ability to perform office management·
Ability to be flexible when needed, take initiative, and demonstrate accountability·
Intermediate oral and written communication skills demonstrating ability to share and impart knowledge·
Ability to quickly adapt to new methods, work under tight deadlines and stressful conditions·
Ability to set goals, multitask and prioritize workload·
Intermediate investigative, analytical and problem solving skills·
Ability to work well within a team environment and participate in department projects
Ability to balance detail with departmental goals/objectives
Ability to develop and maintain document automation templates
Ability to facilitate meetings and convey issues clearly and e! ffectively
General business knowledge
Ability to maintain a high level of confidentiality Preferred:
Experience with LMS 2000 software
Paralegal Certification
Program/Business school courses, or equivalent related business experience
LMS 2000 or other real estate tracking software applications experience
3-5 years experience in record management
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If you were eligible to this job, please email us your resume, with salary requirements and a resume to Reinsurance Group of America.
Interested on this job, just click on the Apply button, you will be redirected to the official website
This job starts available on: Wed, 01 May 2013 04:50:21 GMT
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