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Loan Closing Specialist

Berkadia • Los Angeles, CA 90001 • Posted 8 days ago

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In-person • Full-time • $65,000-$75,000/yr • Mid Level

Job Highlights

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As a Loan Closing Specialist at Berkadia, you will be part of a team that innovates to shape the future of commercial real estate. This role involves reviewing and preparing loan documentation, coordinating the commitment, closing, and delivery phases of loans, and ensuring compliance with Berkadia's policies. You will also be responsible for administrative duties, tracking post-closing documents, and assisting in Third Party Engagement activities. This position offers flexibility, a culture that values excellence, and opportunities for growth.

Responsibilities

  • Review the application and rate lock documentation.
  • Prepare the Berkadia Index Lock Agreement, Berkadia Commitment; ensure all rate lock items are received prior to rate lock
  • Rate Lock all Freddie loans; ensure rate lock is perfected and distribute information to all parties including MB, Counsel and Closer
  • Assist the Closers in coordinating commitment, closing, and delivery phases of loans originated to ensure commitment requirements are satisfied within a specified timeframe to enable best execution
  • Record loan and closing information in OmniView, the Company's system of record
  • Track post-closing documents and coordinate with external counsel and servicing to upload post-closing documents in a timely manner
  • Reconcile good faith accounts and various other accounting functions associated with closing
  • Perform administrative duties as assigned to assist the goals of the Company's Closing function
  • Assist and perform Third Party Engagement activities to support the TPE Group
  • Other duties as assigned

Qualifications

Required

  • Adhere to Berkadia's policies and exhibit proficiency and understanding of Berkadia's Values and position-specific skills
  • Ability to be flexible and work in a Team environment

Full Job Description

Are you looking for an opportunity to define your future in the commercial real estate industry based on your own unique skills and experience?

Whether your talents lie in marketing, operations, finance, human resources, management, or something different altogether, you'll find flexibility and a sense of belonging at Berkadia. We're committed to a culture that strives for excellence - a place where your contributions are valued, you are empowered to create positive impact, and you can grow your career. Be Your Best Self. Be Berkadia.

We Innovate to shape the future of CRE, so in this role you will:
  • Review the application and rate lock documentation.
  • Prepare the Berkadia Index Lock Agreement, Berkadia Commitment; ensure all rate lock items are received prior to rate lock
  • Rate Lock all Freddie loans; ensure rate lock is perfected and distribute information to all parties including MB, Counsel and Closer
  • Assist the Closers in:
    • Coordinating commitment, closing, and delivery phases of loans originated to ensure commitment requirements are satisfied within a specified timeframe to enable best execution
    • Recording loan and closing information in OmniView, the Company's system of record
    • Tracking post-closing documents and coordinate with external counsel and servicing to upload post-closing documents in a timely manner
    • Reconciling good faith accounts and various other accounting functions associated with closing
  • Administrative duties as assigned to assist the goals of the Company's Closing function.
  • Assist and perform Third Party Engagement activities to support the TPE Group.
  • Other duties as assigned.
  • Core work hours to cover 11:30 am to 8 pm eastern time

We are passionate about your growth, so to achieve success in this role you should have:
  • Adhere to Berkadia's policies and exhibit proficiency and understanding of Berkadia's Values and position-specific skills.
  • Ability to be flexible and work in a Team environment

We believe People Matter, so we offer benefits that go beyond:
  • Monthly paid volunteer hours and donation matching to benefit our communities
  • Employee Resource Groups that help you grow with us
  • Fertility and family planning services
  • Up to 12-weeks of fully paid parental leave
  • Mental health care, including free counseling sessions:
  • We'll help you fund your learning journey with generous tuition reimbursement
  • Pet insurance discounts
  • And more!

Be Your Best Self. Be Berkadia.

#LI-VB1

The provided base salary information for this position is part of an overall national range. The actual salary within our range for this position will be determined by several factors, including but not limited to the scope, complexity and location of the role, the skills, education, training, credentials, and experience of the candidate. The total compensation package for this role may also include additional incentive opportunities.

Compensation

$65,000-$75,000 USD

Berkadia, as an equal opportunity employer, celebrates our employees' unique differences, which we believe drives personal and company-wide innovation and creates a people-first culture where your career can take the long view. To achieve these goals, we are committed to the full inclusion of all qualified individuals, without regard to race, religion, age, color, national origin, gender, sexual orientation, gender identity or expression, marital status, domestic partner status, military and veteran status, disability, pregnancy, parental status, genetic information, political affiliation, or any other status protected by federal, state and local laws.

In keeping with our commitment, Berkadia takes the necessary steps to provide a workplace free from harassment and discrimination, as well as access and reasonable accommodations for individuals with disabilities. If you require reasonable accommodation to take part in the interview process, please contact talentacquisition@berkadia.com.

You have rights under Federal and State employment laws. No question in this Application is intended to elicit information in violation of any such law, nor will any information obtained in response to any question be used in violation of any such law. If you apply for this role, you are acknowledging Berkadia's Application Policy and Berkadia's Privacy Policy. Please click the following links for more information about: EEOC, Employee Rights under the FMLA, EPPA.