Responsible for closing HUD/FHA multifamily and healthcare loans and administering closed construction loans, including processing borrower requests for loan and equity proceeds; change orders; permission to occupy and other ad hoc requests. Closes loans after ensuring due diligence items satisfy the requirements of the lender and buyer of the loan or security backed by the loan prior to loan funding. Assists the Closing Vice President in the marketing, trading and issuance activities for the Company's Ginnie Mae Mortgage-Backed Securities Program.
ESSENTIAL DUTIES AND RESPONSIBILITES
Interfaces with internal and external parties, including loan originator, underwriter, mortgage broker, borrower, attorney, title company, security broker dealer, government employees, servicing and asset management personnel to review and analyze due diligence items.
Reviews invoices, receipts, and other documentation to prepare loan settlement statements for approval by the Closing Vice President.
Reviews documentation and due diligence items, including but not limited to insurance, letters of credit, draft loan documents, FHA and investor commitments; determines such items meet funding and/or securitization requirements.
Prepares loan funding package transmission to Houston CAG and warehouse lender and transmits after approval by Closing Vice President.
Keeps Closing Vice President and other parties informed of potential problems or delays; makes recommendations and presents possible solutions to Closing Vice President.
Prepares pool and loan delivery packages for transmission to investor subject to approval by Closing Vice President.
Prepares and transmits closed loan and pool information to servicing, asset management, accounting, and investor reporting departments.
Processes construction loan borrower requests, including monthly requisitions for loan funds; advance of escrow funds; change orders; permissions to occupy; and other ad hoc requests and makes disposition recommendations to Closing Vice President as appropriate.
Conducts the construction to permanent loan status conversion of a closed construction loan, including but not limited to review of cost certification, conducting escrow analysis, and reconciling final loan and equity proceeds.
May review and finalize documentation or packages prepared by a Closing Analyst. May act as the Company's representative in the execution of loan documents.
Other duties as assigned.
No formal supervisory responsibilities in this position. May provide informal assistance such as technical guidance and/or training to coworkers. May coordinate work and assign tasks.
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.
EDUCATION and EXPERIENCE
High School diploma or General Education Degree (GED) required with a minimum of 4 years related experience. Bachelor's degree from a four-year college or university preferred with a minimum 2 years related experience.
Previous related experience in loan underwriting, loan closing and/or asset management, preferably with a title company, bank or mortgage banker (either commercial or residential) preferred.
CERTIFICATES and/or LICENSES
Salesperson or real estate brokers license preferred, but not required.
Ability to comprehend and interpret instructions, short correspondence, and memos and ask clarifying questions to ensure understanding. Ability to write routine reports and correspondence. Ability to respond to common inquiries or complaints from clients, co-workers, and/or supervisor. Ability to effectively present information to an internal department and/or large groups of employees.
Requires basic knowledge of financial terms and principles. Ability to calculate simple figures such as percentages.
Ability to understand and carry out general instructions in standard situations. Ability to solve problems in standard situations. Requires basic analytical skills.
OTHER SKILLS and ABILITIES
Proficient in Microsoft applications including: Word, Excel, Internet Explorer, and Outlook.
Working knowledge of the mortgage banking industry, with an emphasis on the loan closing, funding, security delivery, and asset management areas.
Ability to work in a deadline driven and ever changing priorities environment while simultaneously managing and effectively prioritizing the workload.
SCOPE OF RESPONSIBILITY
Decisions made with general understanding of procedures and company policies to achieve set results and deadlines. Errors in judgment may cause short-term impact to co-workers and supervisor.
Internal Number: 18018515
With broader and deeper capabilities than any other company, CBRE is the leading full-service real estate services and investment organization in the world.
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2017 revenues of $14.2 billion and more than 80,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #214 in 2017. It also has been voted the industry’s top brand by the Lipsey Company for 17 consecutive years, and has been named one of Fortune’s “Most Admired Companies” in the real estate sector for six years in a row. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”
CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.