PGIM Commercial Real Estate Loan Closer

Prudential Financial • San Bernardino, CA

21h • $100,000 - $125,000 • Hybrid

About The Position

PGIM Real Estate (PGIM RE) is one of the nation’s largest full-service commercial real estate lenders. PGIM RE originates a wide variety of commercial mortgage investments for Prudential’s General Account, investment management clients, and other third-party capital sources (such as Fannie Mae, Freddie Mac, FHA, CMBS or other institutional investors). PGIM RE is seeking a Commercial Real Estate Loan Closer to assist with coordination of timely and accurate handling of a FNMA/FMAC and/or FHA loan closings in accordance with established department and government policies and regulations. This position can be located in one of PGIM Real Estate’s office locations, including: Arlington, Chicago, Dallas, Atlanta, or Newark.

Requirements

• 3 or more years of FHA and/or FNMA/FMAC closing experience.
• Knowledge of all FHA and/or FNMA/FMAC Loan Programs (including construction programs), Mortgage Loan Documents, Closing Requirements, and applicable Servicing Requirements.
• Excellent written and verbal communication skills.
• Strong organizational skills with the ability to multi-task and work independently in a time sensitive environment where meeting established deadlines are critical.
• Ability to understand and interpret legal contracts.
• Strong interpersonal/customer service skills are essential with the ability to create/build and maintain relationships with internal and external parties.
• Personal Computer Skills (Advanced Excel, Access, Word, Microsoft Packages).
• Self-motivation and detail orientation.

Nice To Haves

• FHA construction loan experience a plus along with the willingness to learn and develop expertise across product types.
• Ability for occasional travel as needed.

Responsibilities

• Interface with internal and external parties, including loan originator, underwriter, mortgage broker, borrower, attorney, title company, security broker dealer, government employees, servicing and asset management personnel.
• Manage and communicate transaction timelines to internal and external partners to verify all appropriate deadlines are being met.
• Perform pre- and post-closing functions including managing closing checklist to ensure that closing counsel has received all required documents to review and close the loan.
• Perform review of draft loan documents prior to initial closing to verify accuracy of terms in documents prior to initial closing and delivery of GNMA security.
• Responsible for preparing loan closing packages for securitization and delivery to investors.
• Transmit loan and pool information to servicing, asset management, accounting, and investor reporting departments.
• Prepare loan settlement statements.
• Works directly with escrow agent to complete final disbursement procedures.
• Prepare initial draws and reviews funding schedules as necessary for construction transactions.
• Provide approval prior to rate lock.
• Work with servicing and asset management staff to resolve issues and improve processes.
• Update internal systems to ensure that appropriate internal reporting data reflects current information for the transaction.
• Keep management and other parties informed of potential problems or delays and make recommendations.

Benefits

• Market competitive base salaries, with a yearly bonus potential at every level.
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
• 401(k) plan with company match (up to 4%).
• Company-funded pension plan.
• Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed