Commercial Mortgage Loan Closer

Ameritas • Cincinnati, OH

13d • Hybrid

About The Position

Provide commercial loan closing and administrative support to the Commercial
Mortgage and Real Estate group and ensure that all deadlines are met,
documentation is accurate, and funding occurs as scheduled.

This is a hybrid role working partially in-office (Lincoln, NE or Cincinnati,
OH) and partially from home.

Requirements

• Associate’s degree or equivalent combination of experience required. Educational majors including business, real estate, law or related areas are desired.
• 0-2 years of experience in commercial real estate loan servicing, closing, or analysis required.
• Ability to analyze, interpret and utilize significant data to make sound business decisions in a timely manner required.
• Working knowledge of Microsoft Office and modern web based applications required.
• Excellent written and oral communication, reasoning, analytical, and time management skills required.
• Ability to operate independently and execute independent judgment required.

Responsibilities

• Manage the closing process on assigned commercial mortgage loans through collaboration and coordination with internal and external business partners which include but are not limited to the loan producers, internal and external legal counsel, mortgage banking firms, and title companies.
• Perform closing functions in accordance with policies and procedures.
• Collaborate with in-house counsel to resolve certain legal matters and satisfy legal requirements and Federal Home Loan Bank loan pledging requirements.
• Collaborate with the production team to ensure all business-related items are completed and documented per requirements in loan commitment, loan documentation and compliant with company policy. Review and approve all required insurance coverages, tax payment status, escrow analysis, and zoning.
• Review and approve closing settlement statements, escrow instructions and other documentation as required. Calculate per diem interest and fees, and confirm the amounts collected are correct.
• Initiate wire requests for loan proceeds and the return of good faith deposits. Coordinate with treasury, title companies and other related parties to ensure the accurate funding of the loans and wires have been sent and received.
• Maintain electronic mortgage loan files. Update the portfolio management system accordingly with loan closing data. Communicate with the Post-Closing team on loan handoff requirements and loan particulars to ensure accurate loan boarding into the portfolio management system.
• Assist in revising policies and procedures, and correspondent guidelines as needed.
• Assist with internal compliance and external compliance audits as needed.
• Assist with system upgrades as needed.
• Assist in special projects as needed.
• Stay current on industry regulations and offer recommendations to implement accordingly.

Benefits

• 401(k) Retirement Plan with company match and quarterly contribution.
• Tuition Reimbursement and Assistance.
• Incentive Program Bonuses.
• Competitive Pay.
• Flexible Hybrid work.
• Thrive Days - Personal time off.
• Paid time off (PTO).
• Health Benefits: Medical, Dental, Vision.
• Health Savings Account (HSA) with employer contribution.
• Well-being programs with financial rewards.
• Employee assistance program (EAP).
• Professional development programs.
• Leadership development programs.
• Employee resource groups.
• StrengthsFinder Program.
• Matching donations program.
• Paid volunteer time– 8 hours per month.
• Generous paid maternity leave and paternity leave.
• Fertility, surrogacy, and adoption assistance.
• Backup child, elder and pet care support.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree