BWE
Senior Loan Closer
Summary
The Senior Closer is responsible for actively leading and training others on the closing process of Fannie Mae and Freddie Mac multi-family property loans from loan application to purchase/settlement, and ensuring a seamless transition of the loan from production to asset management. The incumbent is expected to be cross-trained and proficient in closing loans with both Agencies. The Senior Closer works directly with closing manager, closers, borrowers, originators, processors, underwriters, and BWE’s outside legal counsel, as well as Agency personnel as required. The Senior Closer provides the borrower with an exceptional closing experience through all stages of the process and leads and trains closers to do the same.
Major Responsibilities
Facilitate trainings with closers and associate closers on the closing process.
Maintain a thorough understanding of Fannie Mae and Freddie Mac closing/funding requirements, general real estate practices, and law.
Troubleshoot issues on deals and resolve them quickly and seamlessly.
Facilitate closings from application stage through settlement/purchase with the Agencies: prepare and distribute BWE commitment letters, prepare rate lock documentation, coordinate with capital markets and deal team, prepare and transmit sources and uses/invoice to title company and borrower, review settlement statement for accuracy, oversee settlement/purchase process with third party investor or Agency.
Take any other actions to assist in closings as directed by the closing manager.
Maintain a robust pipeline of complex transaction types.
Minimum Requirements
Must possess at least 3 years of experience with Fannie Mae and/or Freddie Mac closing or a commensurate field.
Bachelor’s Degree preferred.
Ability to operate effectively both independently and as a leader in a team environment.
Strong sense of urgency to meet deadlines and help others meet deadlines in a fast-paced environment.
Must possess judgment necessary to identify when issues and potential issues should be raised to closing manager, transaction managers, producers and/or analysts.
Strong work ethic and ability to take on new challenges quickly while motivating others.
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The Senior Closer is responsible for actively leading and training others on the closing process of Fannie Mae and Freddie Mac multi-family property loans from loan application to purchase/settlement, and ensuring a seamless transition of the loan from production to asset management. The incumbent is expected to be cross-trained and proficient in closing loans with both Agencies. The Senior Closer works directly with closing manager, closers, borrowers, originators, processors, underwriters, and BWE’s outside legal counsel, as well as Agency personnel as required. The Senior Closer provides the borrower with an exceptional closing experience through all stages of the process and leads and trains closers to do the same.
Major Responsibilities
Facilitate trainings with closers and associate closers on the closing process.
Maintain a thorough understanding of Fannie Mae and Freddie Mac closing/funding requirements, general real estate practices, and law.
Troubleshoot issues on deals and resolve them quickly and seamlessly.
Facilitate closings from application stage through settlement/purchase with the Agencies: prepare and distribute BWE commitment letters, prepare rate lock documentation, coordinate with capital markets and deal team, prepare and transmit sources and uses/invoice to title company and borrower, review settlement statement for accuracy, oversee settlement/purchase process with third party investor or Agency.
Take any other actions to assist in closings as directed by the closing manager.
Maintain a robust pipeline of complex transaction types.
Minimum Requirements
Must possess at least 3 years of experience with Fannie Mae and/or Freddie Mac closing or a commensurate field.
Bachelor’s Degree preferred.
Ability to operate effectively both independently and as a leader in a team environment.
Strong sense of urgency to meet deadlines and help others meet deadlines in a fast-paced environment.
Must possess judgment necessary to identify when issues and potential issues should be raised to closing manager, transaction managers, producers and/or analysts.
Strong work ethic and ability to take on new challenges quickly while motivating others.
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