Product Specialist (Global Mortgage Products)

Bank of America; New York (NY); On-site; USD 150,000 - 225,000; Full time

Job summary

An established industry player is seeking a motivated associate to join their Real Estate Structured Finance team. This role is pivotal in managing the loan origination process, ensuring compliance with AML/KYC procedures, and maintaining vendor relationships. With a focus on commercial real estate, the position offers a dynamic environment where attention to detail and strong communication skills are paramount. The company is committed to fostering a diverse and inclusive workplace, providing opportunities for personal and professional growth. If you're looking to make an impact in the financial sector, this role could be your next big step.

Benefits

Industry-leading benefits

Paid time off

Discretionary incentive eligibility

Resources and support for employees

Qualifications

• 2-5 years of experience in mortgage loans underwriting, closing, or servicing.
• Excellent organization and communication skills are essential.

Responsibilities

• Manage third party report ordering for commercial real estate loans.
• Liaise with clients and compliance personnel for onboarding.

Skills

Attention to Detail

Time Management

Communication Skills

Self-motivated

Team-oriented

Education

Bachelor’s Degree

Tools

Valuation Services Information Management System (VSIMS)

Job description

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
Typically acts as the secondary coverage for clients. Extensive product knowledge. Interacts with clients to execute complex product transactions that generate significant revenue. Works under direction of more senior associates.

Real Estate Structured Finance (RESF) is seeking an associate with commercial real estate experience to join our fast-paced and challenging environment. The position plays an integral role in our loan origination team by managing our third party reports process for the purpose of facilitating loan closings.

Responsibilities

• Manage and monitor the third party report ordering process for commercial real estate loans using the Valuation Services Information Management System (VSIMS)
• Liase with clients, transaction deal teams, and compliance personnel to onboard borrowing entities and implement the firm’s AML/KYC procedures
• Ensure accurate and timely retention of loan documents using proprietary archiving system
• Assist in management of internal and external vendor relationships, contract updates, and invoice management
• Additional responsibilities may be assigned as needed

Skills & Experience Required

• Bachelor’s Degree preferred
• 2-5 years of experience in underwriting, closing, servicing, or administration of mortgage loans
• Excellent attention to detail
• Self-motivated, team-oriented and strong time management skills
• Excellent organization and communication skills (verbal & written)

Shift: 1st shift (United States of America)

Hours Per Week: 40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100) Pay range $150,000.00 - $225,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible. This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits: This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.