Loan Closing Specialist

Berkadia; Denver (CO); On-site; USD 70,000 - 75,000; Full time

Benefits offered by this job

Volunteer hours

Employee Resource Groups

Fertility and family planning services

12 weeks parental leave

Mental health support

Tuition reimbursement

Pet insurance

And more!

Job summary

Berkadia is seeking a Loan Closing Specialist in the United States (Denver area) to support Mortgage Bankers by reviewing application and rate lock documentation and preparing Berkadia Commitments. You will coordinate with Closers, Counsel, Underwriters and Servicing teams to meet closing deadlines and ensure compliance with Freddie Mac and Berkadia guidelines.

The role requires 3+ years of related experience, a Bachelor’s degree, and proficiency with OmniView.

Qualifications

• Bachelor's degree or equivalent.
• 3+ years of related experience in loan closing or mortgage operations.
• Proficiency with loan management systems and OmniView.
• Strong attention to detail and excellent communication.

Responsibilities

• Review application and rate lock documentation.
• Prepare Berkadia Index Lock Agreement and Berkadia Commitment; ensure rate lock items are received before locking.
• Rate lock Freddie loans; distribute information to Mortgage Banker, Counsel, Underwriter and Closer.
• Coordinate with Closers on commitment, closing and delivery phases within deadlines.
• Record loan and closing information in OmniView.
• Track post-closing documents and coordinate with external counsel and servicing.
• Reconcile good faith accounts and perform related closing accounting tasks.
• Perform administrative duties to support the Closing function.

Skills

Attention to detail

Communication

Independent worker

Team collaboration

Education

Bachelor's degree or equivalent

Tools

OmniView

Job description

Are you looking for the opportunity to make an impact? The Loan Closing Specialist plays a crucial role in supporting the Mortgage Banker by reviewing application and rate lock documentation. Acting as a liaison, the specialist ensures that applications meet Freddie Mac and Berkadia guidelines and prepares Berkadia Commitments and rate locks. Additionally, the Loan Closing Specialist coordinates with the Closers to monitor and resolve closing and pre-closing issues across various platforms, including client relations, legal, underwriting, and servicing.

Berkadia’s mortgage banking platform is consistently ranked among Fannie Mae, Freddie Mac and HUD’s top lenders and is seamlessly integrated with our investment sales and servicing platforms to provide superior client service. Let the strongest research, technology, capital relationships, and a nationwide network of industry professionals propel you to the next stage of your commercial real estate career.

Be Backed by the Best. Be Berkadia.

We Innovate to shape the future of CRE, so in this role you will:

Responsibilities

• Review application and rate lock documentation.
• Prepare the Berkadia Index Lock Agreement and Berkadia Commitment; ensure all rate lock items are received prior to rate lock.
• Rate lock all Freddie loans; ensure rate lock is perfected and distribute information to all relevant parties, including Mortgage Banker, Counsel, Underwriter, and Closer.
• Coordinate with Closers on the commitment, closing, and delivery phases of loans to ensure commitment requirements are met within specified timeframes for optimal execution.
• Record loan and closing information in OmniView, the company’s system of record.
• Track post-closing documents and coordinate with external counsel and servicing to upload these documents promptly.
• Reconcile good faith accounts and perform various other accounting functions related to closing.
• Perform administrative duties as assigned to support the goals of the company’s Closing function.
• Other duties as assigned.

Preferred Qualifications

• Strong attention to detail and ability to manage multiple tasks simultaneously.
• Excellent communication and interpersonal skills for effective collaboration with internal and external stakeholders.
• Proficiency in using loan management systems and software, such as OmniView.
• Ability to work independently and as part of a team in a fast-paced environment.
• Bachelor's degree or equivalent.
• 3+ years of experience in a similar position.

Benefits

• Monthly paid volunteer hours and donation matching to benefit our communities
• Employee Resource Groups that help you grow with us
• Fertility and family planning services
• Up to 12-weeks of fully paid parental leave
• Mental health care, including free counseling sessions
• We'll help you fund your learning journey with generous tuition reimbursement
• Pet insurance discounts
• And more!

Compensation

$70,000—$75,000 USD

Berkadia, as an equal opportunity employer, celebrates our employees’ unique differences, which we believe drives personal and company-wide innovation and creates a people‑first culture where your career can take the long view. To achieve these goals, we are committed to the full inclusion of all qualified individuals, without regard to race, religion, age, color, national origin, gender, sexual orientation, gender identity or expression, marital status, domestic partner status, military and veteran status, disability, pregnancy, parental status, genetic information, political affiliation, or any other status protected by federal, state and local laws.

In keeping with our commitment, Berkadia takes the necessary steps to provide a workplace free from harassment and discrimination, as well as access and reasonable accommodations for individuals with disabilities. If you require reasonable accommodation to take part in the interview process, please contact [e-mail].

You have rights under Federal and State employment laws. No question in this Application is intended to elicit information in violation of any such law, nor will any information obtained in response to any question be used in violation of any law. If you apply for this role, you are acknowledging Berkadia's Application Policy and Berkadia's Privacy Policy. Please click the following links for more information about: EEOC, Employee Rights under the FMLA, EPPA.