Real Estate Loan Closer

Guggenheim Investments•Santa Monica, CA

11d•$140,000 - $160,000

About The Position

Position Summary Reports to Manager of Asset and Entity Services within the Guggenheim Credit Services Holdings Business unit. The team currently provides administration and servicing oversight on transactions originated by Guggenheim Investments and its affiliates with asset classes including Private Structured Debt and Equity SPVs, CLOs, CMLs, Military Housing and Land Banking Assets. This role can be located in New York City, Chicago, or Santa Monica, full-time. Responsibilities Coordination and Oversight Communicate effectively with deal team, legal (internal and external), title companies and borrowers Amalgamate and review closing documentation set Oversee and maintain a closing checklist Escalate non receipt of pertinent closing documentation to deal team Review and get approval of closing fees and expenses Facilitate system booking and communicate potential delays Coordinate money movement on close from lenders to title/borrowers Review loan files to ensure completeness and escalate if issues Assist with Flow of Funds Creation and Enhancement Develop and document processes and procedures relating to the closing of CMLs and Land Banking Loans Establish a checklist for closing deliverables for both loan types and any new RE loan types that are introduced in the future Create a pipeline for all expected and upcoming closings Confirm internal stakeholders are aligned with workflow and make amendments where needed Liaise with Internal Audit on any changes made Direction of execution of cash and securities transactions and funds flow Development ongoing transaction procedures and assignment of responsibilities Qualifications Basic Qualifications Strong Real Estate Acumen Excellent analytical and problem-solving skills; ability to structure creative solutions Works with a large degree of independence but requires guidance on complex issues/situations Is highly proactive with strategies to improve processes and efficiencies Able to review governing transaction documents and understand how to execute correctly on transactions Strong and written and verbal communication skills Strong commitment to performance and accuracy of work product Team oriented individual with ability to work well with diverse and geographically dispersed groups Sets and achieves individual and team goals Ability to multi-task across a robust pipeline of diverse investments in a detail-oriented and timely manner Preferred Qualifications Business degree preferably related to Real Estate 6+ years (VP) experience in Commercial Mortgage Loan Closing Proficiency in Microsoft Office Suite Understanding mortgage loan documentation and compliance requirements Prior experience with Land Banking transactions We are not seeking agency assistance with this role Salary Range Annual base salary between $140,000.00-$160,000.00 The base salary range represents the low and high end of the anticipated base salary range for this position. Actual base salaries may vary depending on factors such as location and experience. The range listed reflects base salary only, and the total compensation package may include other components such as incentive compensation. We focus relentlessly on delivering results through innovative solutions. We relish opportunities to solve complex problems through exhaustive approaches. As we conduct our business every day, every member of Guggenheim is expected to uphold our uncompromising standards for integrity and excellence and to be personally accountable for their actions and business results. Our principles entail engaging highly talented people, challenging them to think creatively, and encouraging them to achieve extraordinarily high standards in their fields of expertise. To succeed at Guggenheim, candidates should be a strong fit with our business principles, culture, and value system. We encourage you to review Our Firm page to learn more about how we seek to create value through our diversified businesses. Visit the link below to review our current openings and job descriptions and to apply today. We offer compelling opportunities for self-starters who take great pride in the quality of their work and seek to exceed expectations. We are looking for people who take ownership, adhere to the highest standards, and think creatively to realize opportunities. Guggenheim Partners is a diversified financial services firm that delivers value to its clients through two primary businesses: #GuggenheimInvestments, a premier global asset manager and investment advisor, and Guggenheim Securities, a leading investment banking and capital markets business. Guggenheim’s professionals are based in offices around the world, and our commitment is to deliver long-term results with excellence and integrity while advancing the strategic interests of our clients. Guggenheim is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Learn more at GuggenheimPartners.com, and follow us on LinkedIn and Twitter @GuggenheimPtnrs.

Requirements

Strong Real Estate Acumen
Excellent analytical and problem-solving skills; ability to structure creative solutions
Works with a large degree of independence but requires guidance on complex issues/situations
Is highly proactive with strategies to improve processes and efficiencies
Able to review governing transaction documents and understand how to execute correctly on transactions
Strong and written and verbal communication skills
Strong commitment to performance and accuracy of work product
Team oriented individual with ability to work well with diverse and geographically dispersed groups
Sets and achieves individual and team goals
Ability to multi-task across a robust pipeline of diverse investments in a detail-oriented and timely manner

Nice To Haves

Business degree preferably related to Real Estate
6+ years (VP) experience in Commercial Mortgage Loan Closing
Proficiency in Microsoft Office Suite
Understanding mortgage loan documentation and compliance requirements
Prior experience with Land Banking transactions

Responsibilities

Communicate effectively with deal team, legal (internal and external), title companies and borrowers
Amalgamate and review closing documentation set
Oversee and maintain a closing checklist
Escalate non receipt of pertinent closing documentation to deal team
Review and get approval of closing fees and expenses
Facilitate system booking and communicate potential delays
Coordinate money movement on close from lenders to title/borrowers
Review loan files to ensure completeness and escalate if issues
Assist with Flow of Funds Creation and Enhancement
Develop and document processes and procedures relating to the closing of CMLs and Land Banking Loans
Establish a checklist for closing deliverables for both loan types and any new RE loan types that are introduced in the future
Create a pipeline for all expected and upcoming closings
Confirm internal stakeholders are aligned with workflow and make amendments where needed
Liaise with Internal Audit on any changes made
Direction of execution of cash and securities transactions and funds flow
Development ongoing transaction procedures and assignment of responsibilities