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Newmark · 8 hours ago

Junior Closing Officer

McLean, VA

Full-time

Hybrid

Entry Level

1+ years exp

Newmark is a leading provider of capital solutions for multifamily owners and operators. They are seeking a Junior Closing Officer to coordinate and conduct loan closing due diligence, manage the closing process, and communicate with various stakeholders to ensure timely and accurate loan closings.

AdviceCommercial Real EstateConsultingFinancial ServicesLeasingLogisticsProperty ManagementReal EstateReal Estate BrokerageRetail

Responsibilities

Responsible for working towards independently coordinating and conducting a review of loan closing due diligence items (i.e. organizational documents, management agreement, title commitment and title exceptions, laundry leases, commercial tenant leases, evidence of insurance, various third-party reports, etc.)

Provide all closing due diligence items to outside counsel for review in a timely manner and work closely with them to ensure all rate lock and closing conditions are satisfactorily met in a timely manner

Coordinate a review of borrower comments to loan documents with outside counsel, recommend appropriate responses through credit risk analysis based on professional experience, knowledge and outside counsel recommendations

Represent Newmark to outside parties including borrower, investor and counsel during loan document modification negotiations and/or conference calls

Reconcile all income and expenses to confirm the loan is balanced prior to closing

Review Loan Commitments and provide comments to ensure accuracy and completeness related to specific terms and conditions of the loan structure

Responsible for managing the insurance review process. Work with Insurance Consultants and understand, review insurance against investor requirements. Responsible for shepherding the internal insurance waiver process

Communicate with and provide detailed guidance to other departments within Newmark with regard to complicated/out of the box transactions

Responsible for managing closing process with internal and external parties to ensure timely closing and sale to investors

Clearly and immediately communicate problems/issues with a closing or deal and elevate appropriately

Provide back-up assistance to Team Leader, if applicable, Closing Manager and Delivery Team

Assist with special projects to improve the process and experience of our clients and business partners

Qualification

GSE Loan ClosingReal Estate FinanceEscrow TerminologyAnalytical SkillsMicrosoft OfficeWritten CommunicationVerbal CommunicationProblem-SolvingTeam Player