Loan Closer Commercial Real Estate Group

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Loan Closer Commercial Real Estate Group
Duties: Organize and lead the initial meeting of the parties involved in the transaction to set expectations for deliverables and timetables. This may include the borrower, broker, underwriter, production analyst, processor and relationship manager. Conduct follow up meetings as needed. Manage timing of the scheduled closing date with all internal and external parties throughout the transaction and update central database for reporting purposes. Collect, review and verify documentation received from various parties as necessary to complete the loan transaction, including borrower entity documents, transaction agreements, title and survey documents, escrow related documents, compliance documents, insurance evidence, flood certifications, commercial appraisals, seismic reports, etc. Order and review documents from approved vendors, including loan documentation vendor and/or outside legal counsel, and insurance compliance reviews from vendor when appropriate. Confirm final loan documentation conforms to terms of credit approval. Coordinate closing activities among borrower, borrower’s legal counsel, processor, underwriter, bank counsel, and relationship manager as needed. Prepare closing/settlement statements, escrow instructions, UCC statements, reserve analysis, rate lock worksheets, commitment letters, etc. as appropriate. Perform/review public records searches to confirm borrower compliance, entity status, property restrictions, etc. Initiate funding transactions when file is fully prepared. Ensure final loan documents are properly executed, recorded and delivered as appropriate, with complete images uploaded to HomeStreet’s document management platform. Complete delivery process to Fannie Mae for DUS loans. Other duties as assigned.

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