Commercial Mortgage Loan Closer - Remote
Company: Symetra
Location: Bellevue
Posted on: March 18, 2023
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Job Description:
Symetra has an exciting opportunity to join our team as a
Commercial Loan Closer!
About the role
In this position, you will be responsible for managing the
coordination, documentation, and closing of commercial real estate
loan investments throughout the US that meet the company's
documentation and due diligence standards. You will achieve this by
actively managing the timely receipt and analysis of due diligence
items to identify exceptions, analyze risk of exceptions and employ
a resolution or elevate as necessary. Additionally, you are
responsible for the selection and preparation of the standard loan
documents to accurately reflect the terms of the transaction.
Our Commercial Mortgage Loans team is part of Symetra Investment
Management (SIM) which was established in 2019 and is a subsidiary
of Symetra who is a wholly owned subsidiary of Sumitomo Life of
Japan. SIM enables Sumitomo to invest in the U.S. markets and to
expand in-house asset management capabilities. SIM is also an
SEC-registered investment advisor providing third party investment
management to institutional clients.
What you will do
Effectively communicate requirements and actively track the timely
receipt of outstanding due diligence items and coordinate
resolution of issues as needed to meet closing timelines.
Review title insurance commitments and exceptions to assure the
loan is in first lien position and not subject to hidden defects or
monetary encumbrances that may impact the security for the
loan.
Complete standard escrow instructions containing the permitted
exceptions and required endorsements. Review survey if
applicable.
Prepare and distribute tenant estoppel certificates and SNDA's if
applicable. Review signed estoppels upon receipt to rental income
used in to underwrite the loan to identify any exceptions and
elevate for analysis as appropriate.
Review borrower formation documentation to ascertain the
appropriate powers and designated parties permitted to execute
documents on behalf of the entity. Select and prepare standard loan
documentation to properly incorporate the approved terms and
requirements of the loan.
Review property and liability insurance and coordination
corrections as needed.
Execute funding process including the finalization and transmittal
of final loan documents, calculation of funding wire, communication
with escrow, system inputs, file organization, verification of
document execution and wiring procedures.
What we offer you
"If you want to invest in yourself and build a career, this is a
great place to work. If you don't want to put in the effort to
learn the industry and become a student of the business (it takes
real effort!), there are easier places to work." Cris H. - AVP
Internal Sales, Training and Development
"Symetra is inclusive of all employees regardless of their personal
differences." Darrell J. - Actuary III
"Symetra values learning. Symetra has so many resources - whether
that is the Student of the Business courses, sponsorship of
professional certifications, or just individual employees being so
willing to teach and answer questions." Felicia D. - Financial
Reporting Lead Senior Analyst
Benefits and Perks
We don't take a "one-size-fits-all" approach when it comes to our
employees. Our programs are designed to make your life better both
at work and at home.
Flexible full-time or hybrid telecommuting arrangements
Plan for your future with our 401(k) plan and take advantage of
immediate vesting and company matching up to 6%
Paid time away including vacation and sick time, flex days and ten
paid holidays
Give back to your community and double your impact through our
company matching
Want more details? Check out our
Compensation
Hourly Range: $30.02- $50.02 plus eligibility for annual bonus
program
Keywords: Symetra, Bellevue , Commercial Mortgage Loan Closer - Remote, Other , Bellevue, Washington
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