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Commercial Mortgage Loan Closer - Remote

Company: Symetra
Location: Bellevue
Posted on: March 18, 2023

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

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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