: A Loan Coordinator, under the supervision of in-house legal staff, will touch every step of the commercial first lien mortgage process from origination to exit, expected to be through a sale to a securitization trust.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Coordinate and communicate with multiple internal departments to facilitate an efficient process to close loans.
Communicate with borrowers and their counsel to collect all borrower application items, property information, due diligence materials, credit authorizations.
Collect applicable KYC and AML documentation and deliver to closer/servicer.
Coordinate receipt of documents from borrower and review for conformity to servicer requirements.
Deliver borrower information to lender counsel, participate in weekly checklist calls; follow up with borrower for any missing items throughout the process.
Ensure all required loan/borrower data is collected and delivered to closer/service and warehouse lender, using required electronic platform.
Monitor reporting deliverables and confirm timely delivery with internal parties.
Monitor deliverables for compliance with securitization exit requirements.
Ensure adherence to privacy and cybersecurity protocols.
Complete initial quality checks on all borrower documents and advise of any deficiency or discrepancies.
Deliver loan closing packages for the servicer and outside counsel review.
Liaison with internal and external legal counsel, borrower and servicer in coordinating receipt and review of required documents to expedite closing process.
Collect and coordinate invoices for servicer.
Post-closing preparation of loan files.
QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bachelor's Degree and minimum of 2-4 years' related experience
Prior bank loan operations experience and/or paralegal background preferred.
Basic knowledge of loan underwriting terminology.
Strong written and verbal communication skills. Strong intellect, intellectual curiosity and motivated.
Intermediate to Advanced skills in Word, Excel, and SharePoint. PowerPoint skills helpful.
Ability to work independently and under critical time constraints.