Loan Closing Manager

Job ID

162555

Posted

26-Apr-2024

Service line

Advisory Segment

Role type

Full-time

Areas of Interest

Capital Markets, Loan Servicing

Location(s)

Calgary - Alberta - Canada

About the Role:

Responsible for the closing of loans, including direct CMHC construction and term loans, brokered CMHC construction and term loans, conventional multi-housing loans, and conventional commercial loans. Additionally, the Loan Closing Manager will be responsible for reviewing, approving and authorizing construction draws and conversion to term loans. The Loan Closing Manager will provide assistance in the loan administration of loans originated and/or serviced by CBRE Capital (Canada) Inc. The Loan Closing Manager will assist in insuring that all regulations are complied with in connection with CBRE Capital (Canada) Inc’s loan brokerage, lending and administration business lines.

What You’ll Do:

•Ensure compliance with CMHC and investor requirements prior to loan closing/funding.

•Negotiate loan documents, loan applications & loan commitments on behalf of company.

•Reviews title and survey prior to loan closing as necessary.

•Coordinates loan document preparation with outside counsel.

•Prepares and reviews closing numbers.

•Coordinates loan fundings with Investors, as appropriate.

•Complete annual reviews to monitor compliance with loan conditions.

•Serve as quality control specialist for the company’s CMHC business.

•Assists loan producers with underwriting, processing and legal questions and issues.

•Manage construction draws, reviewing project monitor reports and monitoring loan conditions.

•Monitors that the company is in compliance with lender’s underwriting and closing requirements.

•Assists in the preparation, maintenance and enforcement of policies and procedures to ensure compliance with CBRE, regulatory, investor and provincial regulations.

Applicants must be currently authorized to work in Canada without the need for visa sponsorship now or in the future

What You’ll Need:

•Bachelor's Degree preferred with 5 - 8 years of relevant experience. In lieu of a degree, a combination of experience and education will be considered.

•Intermediate to advanced understanding of the mortgage banking industry, with an emphasis on the loan closing and funding areas.

•Ability to lead the exchange of sensitive, complicated, and difficult information, convey performance expectations and handle problems.

•Experience in the areas of staffing, selection, training, development, coaching, mentoring, measuring, appraising, and rewarding performance and retention is preferred.

•In-depth knowledge of Microsoft Office products. Examples include Word, Excel, Outlook, etc.

•Extensive organizational skills and an advanced inquisitive mindset.

•Intermediate mortgage/finance mathematics skills (P&I calculation, amortization, etc). Ability to calculate complicated figures such as percentages, fractions, and other financial-related calculations.

CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)