Commercial Mortgage Loan Closer

Ameritas; Cincinnati (OH); Hybrid; USD 50,000 - 70,000; Full time

Benefits offered by this job

401(k) Retirement Plan with company match

Tuition Reimbursement

Incentive Program Bonuses

Generous PTO

Health Savings Account

Job summary

A financial services provider in Cincinnati is seeking a Commercial Loan Closing Specialist. This hybrid role involves managing the closing process for commercial mortgage loans while ensuring documentation is accurate and deadlines are met. The ideal candidate will have an Associate's degree and up to 2 years of relevant experience. You'll collaborate with internal teams and external partners to facilitate smooth loan closings and comply with legal requirements, all while enjoying benefits like a 401(k) plan and flexible work options.

Qualifications

• 0-2 years of experience in commercial real estate loan servicing, closing, or analysis.
• Ability to make sound business decisions based on significant data analysis.
• Working knowledge of modern web-based applications.

Responsibilities

• Manage the closing process on commercial mortgage loans.
• Collaborate with internal and external partners for closing requirements.
• Maintain accurate electronic mortgage loan files.

Skills

Data analysis and interpretation

Communication skills

Time management

Microsoft Office knowledge

Education

Associate’s degree or equivalent experience

Job description

Provide commercial loan closing and administrative support to the Commercial Mortgage and Real Estate group and ensure that all deadlines are met, documentation is accurate, and funding occurs as scheduled.

This is a hybrid role working partially in-office (Lincoln, NE or Cincinnati, OH) and partially from home.

What you do:

• Manage the closing process on assigned commercial mortgage loans through collaboration and coordination with internal and external business partners which include but are not limited to the loan producers, internal and external legal counsel, mortgage banking firms, and title companies.
• Perform closing functions in accordance with policies and procedures.
• Collaborate with in-house counsel to resolve certain legal matters and satisfy legal requirements and Federal Home Loan Bank loan pledging requirements.
• Collaborate with the production team to ensure all business-related items are completed and documented per requirements in loan commitment, loan documentation and compliant with company policy. Review and approve all required insurance coverages, tax payment status, escrow analysis, and zoning.
• Review and approve closing settlement statements, escrow instructions and other documentation as required. Calculate per diem interest and fees, and confirm the amounts collected are correct.
• Initiate wire requests for loan proceeds and the return of good faith deposits. Coordinate with treasury, title companies and other related parties to ensure the accurate funding of the loans and wires have been sent and received.
• Maintain electronic mortgage loan files. Update the portfolio management system accordingly with loan closing data. Communicate with the Post-Closing team on loan handoff requirements and loan particulars to ensure accurate loan boarding into the portfolio management system.
• Assist in revising policies and procedures, and correspondent guidelines as needed.
• Assist with internal compliance and external compliance audits as needed.
• Assist with system upgrades as needed.
• Assist in special projects as needed.
• Stay current on industry regulations and offer recommendations to implement accordingly.

What you bring:

• Associate’s degree or equivalent combination of experience required. Educational majors including business, real estate, law or related areas are desired.
• 0-2 years of experience in commercial real estate loan servicing, closing, or analysis required.
• Ability to analyze, interpret and utilize significant data to make sound business decisions in a timely manner required.
• Working knowledge of Microsoft Office and modern web based applications required.
• Excellent written and oral communication, reasoning, analytical, and time management skills required.
• Ability to operate independently and execute independent judgment required.

What we offer:

Ameritas is an insurance, financial services and employee benefits provider Our purpose is fulfilling life. It means helping all kinds of people, at every age and stage, get more out of life.

At Ameritas, you’ll find energizing work challenges. Flexible hybrid work options. Time for family and community. But dig deeper. Benefits at Ameritas cover things you expect -- and things you don’t:

For your money:

• 401(k) Retirement Plan with company match and quarterly contribution.
• Tuition Reimbursement and Assistance.
• Incentive Program Bonuses.
• Thrive Days - Personal time off.
• Paid time off (PTO).

For your health and well-being:

• Health Savings Account (HSA) with employer contribution.
• Well-being programs with financial rewards.

For your professional growth:

For your community:

• Matching donations program.

For your family:

• Generous paid maternity leave and paternity leave.
• Fertility, surrogacy, and adoption assistance.
• Backup child, elder and pet care support.

An Equal Opportunity Employer

Ameritas has a reputation as a company that cares, and because everyone should feel safe bringing their authentic, whole self to work, we’re committed to an inclusive culture and diverse workplace, enriched by our individual differences. We are an Equal Opportunity/Affirmative Action Employer that hires based on qualifications, positive attitude, and exemplary work ethic, regardless of sex, race, color, national origin, religion, age, disability, veteran status, genetic information, marital status, sexual orientation, gender identity or any other characteristic protected by law.

Application Deadline

This position will be open for a minimum of 3 business days or until filled.

This position is not open to individuals who are temporarily authorized to work in the U.S.