Commercial Loan Closer

Job Description

Commercial Loan Closer

Pacific Southwest Realty Services ("PSRS") emphasizes the quality, relationship driven services that we have been providing as a full-service Commercial Mortgage Banking firm since 1972.  PSRS is one of the largest privately held commercial mortgage banking firms in the Western United States. 

Our Los Angeles & San Diego offices are looking for an experienced and highly personable Loan Closer. This individual must be able to work in a high-performance environment with minimal supervision. This person must be detail oriented, organized, and have outstanding computer skills.


Summary:

Loan Closer works primarily with the production department officers to assist them in closing loans.  The position may also include some production support—ultimately the ration between closing and production support will be determined by workflow and needs.  Word processing and spreadsheet capability are required skills for this position as well as good people and organizational skills.  The position includes corresponding with lenders, title/escrow, 3^rd party vendors and local municipalities.  Traveling locally required, as necessary.  The ability to work independently and prioritize workflow between these two positions within a fast-paced environment is a necessary skill.


Duties and Responsibilities:

Ideally, we are looking for the right candidate who can coordinate all activities upon loan approval through loan closing.  Provide support to a high performing origination team as well as work independently.  Must possess strong analytical skills.  Must also be able to perform other duties and assignments regarding production support as needed.

Closing Coordination:

• Developing and maintaining detailed checklists and timeline for each transaction file.
• Prepare closing file
• Review loan application
• Coordinate loan requirements with third party vendors, attorneys  and escrow company.
• Order credit reports
• Obtain zoning letter and certificates of occupancy
• Gather and submit to lender closing items/documentation
• Compile invoices and wiring instructions for payment by escrow
• Complete estoppels and subordination agreements
• Coordination of loan documents and signing
• Day to day communications with borrower, lender, attorneys, title and escrow officers, and report writers on any closing items, changes, and due dates throughout the closing process
• Post-Closing - Gather loan documentation and submit closing file to Servicing Department and to the borrower
• Maintain and update pipeline of loans in process in the company tracking system.
• Perform other reasonably related business duties assigned by a supervisor

• • • 3+ years, senior-level administrative support
    • Junior college or equivalent work experience
    • Loan processing experience is a plus
    • Escrow or title experience is a plus
    • Advanced typing and computer skills
    • Able to work independently or as part of a team
    • Commercial real estate experience a plus
    • Notary Public a plus
    • Able to communicate in a professional and courteous manner in person, over the phone and via written correspondence.
    • Detail -oriented
    • Maintain a high level of confidentiality and exercise independent judgement and analysis.

Skills/Program:      

• Advanced typing, computer, laser printer, scanner, and internet research.  Software to include Word, Excel, Adobe Acrobat & Publisher.  Must be a quick learner!

If you are interested in this position, please submit your resume and salary requirements.

PSRS is an Equal Opportunity Employer and offers a competitive salary & benefits package. http://www.psrs.com