Los Angeles, CA
Salary Estimate: $50,000.00 - $70,000.00
Employment Type: Full Time
Work Place: Office
Experience Required: 2+ to 5 years
Education Required: 2 Year College
Benefits
Job Description
Pacific Southwest Realty Services (PSRS) is a Commercial Mortgage Banking firm whose primary emphasis is making loans on larger commercial properties using investment capital from insurance companies, pension funds, and Wall Street sources. At PSRS we emphasize the quality, relationship driven services that we have been providing since 1972. We are one of the largest privately held full-service mortgage banking firms in the Western United States with a $6B servicing portfolio and a long-standing track record in the industry.
Commercial Loan Closer
Los Angeles (Wilshire Blvd.) office
Summary:
PSRS Los Angeles is seeking someone with interest and/or experience closing loans for life insurance companies, CMBS or Bank lenders. This person may have experience in title/escrow, as a real estate paralegal or as an underwriter. In this role you will be responsible for managing the 3rd party reports (Appraisal, Phase I, PCA, PML, Survey and Zoning), title, legal searches, estoppels, SNDA’s, and entity documents. The position will be working with an experienced Loan Closer and a close-knit team of Senior Loan Officers.
At PSRS, the Commercial Loan Closer will provide support to a high performing origination team by coordinating all activities from loan approval through loan closing. They will be working on 5-6 transactions per month and must work under minimal supervision. The ideal candidate will have strong organizational and analytical skills and be an effective problem-solver.
Responsibilities:
Commercial Loan Closer
Los Angeles (Wilshire Blvd.) office
Summary:
PSRS Los Angeles is seeking someone with interest and/or experience closing loans for life insurance companies, CMBS or Bank lenders. This person may have experience in title/escrow, as a real estate paralegal or as an underwriter. In this role you will be responsible for managing the 3rd party reports (Appraisal, Phase I, PCA, PML, Survey and Zoning), title, legal searches, estoppels, SNDA’s, and entity documents. The position will be working with an experienced Loan Closer and a close-knit team of Senior Loan Officers.
At PSRS, the Commercial Loan Closer will provide support to a high performing origination team by coordinating all activities from loan approval through loan closing. They will be working on 5-6 transactions per month and must work under minimal supervision. The ideal candidate will have strong organizational and analytical skills and be an effective problem-solver.
Responsibilities:
- Develop and maintain detailed checklists and timeline for each transaction file
- Review loan applications
- Coordinate loan requirements with third party vendors, attorneys, and escrow companies
- Order credit reports
- Obtain zoning letters and certificates of occupancy
- Gather and submit to lender all closing items/documentation
- Compile invoices and wiring instructions for payment by escrow
- Complete estoppels and subordination agreements
- Coordinate 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
- Gather loan documentation post-closing and submit closing file to Servicing Department and to the borrower
- Maintain and update loan data spreadsheets
- Perform other reasonably related business duties assigned by a supervisor
Qualifications:
- 3+ years, senior-level administrative support
- Junior college or equivalent work experience
- Able to work independently or as part of a team
- 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
- Escrow or title experience is a plus
- Commercial real estate experience is a plus
- Notary Public is a plus
Skills/Software:
- Advanced computer skills (typing, scanning, printing)
- Internet research
- Microsoft Word and Excel
- Adobe Acrobat
- Must be a quick learner!
PSRS is an Equal Opportunity Employer and offers a competitive salary & benefits package. Compensation for this role has a target range of $50,000 to $70,000 annually with commission opportunities available with a valid CA RE License.
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West Palm Beach, FL
Post Date: 02/14/2025
Expires: 03/31/2025
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