Real Estate Loan Closer

Guggenheim Investments•New York City, NY

9d•$140,000 - $160,000

About The Position

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.

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

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