Commercial Mortgage Loan Closer

Securian Financial • St. Paul, MN

2d • $56,000 - $103,000 • Hybrid

About The Position

Overview: Join a team that drives the success of our commercial mortgage investment operations! In this role, you’ll be at the center of complex transactions - ensuring smooth closings, maintaining compliance, and partnering with internal and external stakeholders to deliver exceptional results. You’ll define and improve processes, champion operational excellence, and play a critical part in supporting strategic goals. If you thrive in a fast-paced environment, enjoy problem-solving, and want to make a tangible impact on high-value investments, this is the opportunity for you. Responsibilities include but not limited to: Upon Investment Committee approval, transition commercial mortgage loan closing process from origination analyst. Responsible for originating checklist from SecurianAM, tracking deal progress, interfacing with in-house counsel, business analyst, outside counsel, and business and closing counterparts in mortgage banking companies. Work with internal legal and business staff to ensure post-closing documentation is complete and accurate closing files are assembled for future use. Assist portfolio managers, analysts, attorneys, internal and external auditors, and other departmental staff to identify solutions for problems that arise in connection with the investment transactions. Review and approve the information contained in each item of credit, borrower and collateral property due diligence. Determine that the due diligence conforms to the requirements specified in the origination documents including the loan approval and final commitment letter to the borrower. Approve the property insurance, ensuring that the coverage meets the lender requirements and sufficiently covers all risks to the loan collateral. Work with the Manager, Commercial Mortgage Investments in reviewing requests and facilitate the drafting of documents for amendments, consents and waivers for currently held assets and identifies issues, interpret loan documents and summarize terms for attorneys and/or investment officers. Coordinate title insurance, surveys, organizational documents, third party reports and other information to maintain consistency in closing process. Monitor and direct cash deposits for each transaction; authorize Lender’s funding wires. Monitor progress of and compliance with loan escrow agreements and handle the disbursement of escrowed funds.

Requirements

• Knowledge of real estate, preferably in commercial loan closing.
• Ability to read and comprehend third party reports (Environmental, Appraisal and Engineering) for accuracy and relevancy.
• Experience reviewing real estate leases for both business and legal issues.
• Understanding of legal and financial concepts and practices with the ability to extract and analyze critical information from business and legal documents.
• Strong math, analytical, and critical thinking skills with strong attention to detail.
• Strong communication skills to establish and maintain effective interaction with outside counsel, brokers, mortgage bankers and counterparts.
• Excellent organizational skill and the ability to manage multiple, time sensitive tasks and make independent decisions.
• Knowledge of PC software, Salesforce, Microsoft Word and Excel.

Nice To Haves

• 3+ years experience as a Commercial Loan Closer or equivalent paralegal, loan officer, or underwriting experience in a real estate lending area.
• Bachelor's Degree in related field and/or equivalent combination of training and experience in the real estate lending environment.

Responsibilities

• Upon Investment Committee approval, transition commercial mortgage loan closing process from origination analyst.
• Responsible for originating checklist from SecurianAM, tracking deal progress, interfacing with in-house counsel, business analyst, outside counsel, and business and closing counterparts in mortgage banking companies.
• Work with internal legal and business staff to ensure post-closing documentation is complete and accurate closing files are assembled for future use.
• Assist portfolio managers, analysts, attorneys, internal and external auditors, and other departmental staff to identify solutions for problems that arise in connection with the investment transactions.
• Review and approve the information contained in each item of credit, borrower and collateral property due diligence.
• Determine that the due diligence conforms to the requirements specified in the origination documents including the loan approval and final commitment letter to the borrower.
• Approve the property insurance, ensuring that the coverage meets the lender requirements and sufficiently covers all risks to the loan collateral.
• Work with the Manager, Commercial Mortgage Investments in reviewing requests and facilitate the drafting of documents for amendments, consents and waivers for currently held assets and identifies issues, interpret loan documents and summarize terms for attorneys and/or investment officers.
• Coordinate title insurance, surveys, organizational documents, third party reports and other information to maintain consistency in closing process.
• Monitor and direct cash deposits for each transaction; authorize Lender’s funding wires.
• Monitor progress of and compliance with loan escrow agreements and handle the disbursement of escrowed funds.

Benefits

• Paid time off: We want you to take time off for what matters most to you. Our PTO program provides flexibility for associates to take meaningful time away from work to relax, recharge and spend time doing what’s important to them. And Securian Financial rewards associates for their service by providing additional PTO the longer you stay at Securian.
• Leave programs: Securian’s flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.
• Holidays: Securian provides nine company paid holidays.
• Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian’s 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.
• Health insurance: From the first day of employment, associates and their eligible family members – including spouses, domestic partners and children – are eligible for medical, dental and vision coverage.
• Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.
• Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities, including: Mental Wellness and Disability Pride at Securian Financial Securian Young Professionals Network Securian Multicultural Network Securian Women and Allies Network Servicemember Associate Resource Group

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees