Mortgage Loan Closer

Winchesters; Toronto; On-site; CAD 70,000 - 100,000; Full time

Job summary

Winchesters is seeking a Commercial Mortgage Loan Closer to join its growing real estate finance team in Canada. This role coordinates the loan closing process, working with underwriting, borrowers, legal counsel, and vendors to ensure accurate, timely closings.

Responsibilities include drafting LOIs, managing the closing pipeline, and providing borrowers with detailed closing checklists while ensuring compliance with lending guidelines. Strong attention to detail and Excel skills are essential.

Qualifications

• 2+ years of experience in commercial real estate lending or related financial/legal environment.
• Strong verbal and written communication skills and ability to coordinate with borrowers, lawyers, underwriters and vendors.
• Exceptional attention to detail and ability to review legal and financial documentation for compliance with lending guidelines.
• Proven ability to manage multiple loan files in a fast-paced environment.
• Proficiency with Microsoft Excel and loan servicing software.

Responsibilities

• Prepare LOIs and Commitment Letters using templates while complying with credit requirements.
• Manage closing pipeline by receiving deposits and LOIs/Commitment Letters and distributing files to legal counsel.
• Serve as primary contact for borrowers, providing closing checklists and outlining due diligence requirements.
• Coordinate with title insurers, insurance consultants and vendors to obtain required documentation.
• Review tenant estoppel certificates, insurance policies, AML docs, and legal due diligence to ensure accuracy.
• Work with underwriting, origination and accounting teams to satisfy due diligence before closing.
• Ensure escrow and reserve figures are reflected in closing statements and review final closing documents.
• Coordinate loan funds requisition and funding wire transfers; perform post-closing reconciliations.

Skills

Mortgage lending

Loan coordination

Communication

Attention to detail

Microsoft Excel

Loan software

Tools

Loan origination software

Job description

Our client is a growing and well-established organization within the commercial real estate finance industry. They are looking to add a detail-oriented and highly organized Commercial Mortgage Loan Closer to their team. In this position, you will play a key role in coordinating the loan closing process, working closely with underwriting, borrowers, legal counsel, and third-party vendors to ensure transactions are completed efficiently and accurately.

Responsibilities:

• Prepare Letters of Intent (LOIs) and Commitment Letters using standardized templates while ensuring compliance with all credit requirements.
• Manage the closing pipeline by receiving deposits and executed LOIs/Commitment Letters and distributing files to legal counsel.
• Serve as the primary point of contact for borrowers by providing customized closing checklists, outlining due diligence requirements, and answering questions throughout the process.
• Coordinate with title insurance providers, insurance consultants, and other third‑party vendors to obtain all required documentation.
• Review tenant estoppel certificates, insurance policies, AML documentation, and legal due diligence packages to ensure accuracy and completeness.

Closing & Cross-Functional Collaboration

• Work closely with the underwriting, origination, and accounting teams to ensure all due diligence requirements have been satisfied prior to closing.
• Ensure all escrow and reserve requirements are accurately reflected in the final mortgage loan closing statement.
• Prepare and review final closing documentation while providing clear instructions to legal counsel regarding loan document negotiations.
• Confirm all closing conditions have been satisfied and ensure files comply with internal policies, investor requirements, and regulatory guidelines.
• Prepare, balance, and verify final closing figures and mortgage loan closing statements.
• Coordinate the requisition of loan funds and arrange funding wire transfers.
• Complete post-closing reconciliations to ensure loan files are accurate, complete, and properly documented.

Qualifications:

• 2+ years of experience in commercial real estate lending, loan underwriting, loan origination, loan servicing, mortgage administration, or a related financial or legal environment.
• Strong verbal and written communication skills with the ability to build relationships and coordinate effectively with borrowers, lawyers, underwriters, and external vendors.
• Exceptional attention to detail with the ability to review legal and financial documentation while ensuring compliance with lending guidelines.
• Proven ability to identify missing information, proactively resolve issues, and successfully manage multiple loan files in a fast‑paced environment.
• Strong Microsoft Excel skills and experience working with loan origination or mortgage servicing software.