2 Closing Coordinator (Fannie/Freddie) Jobs in Washington, DC
Merchants Capital is Hiring a Closing Coordinator (Fannie/Freddie) Near Washington, DC
Description
The Merchant’s Capital Government Sponsored Entity Closing Coordinator operates as an integral part of a specialized, mid-sized mortgage banking firm. As part of a cohesive team, you will focus on preparing and reviewing multi-million-dollar loan package submissions to ensure compliance with Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Association (Freddie Mac) guidelines, while assisting with the day-to-day responsibilities of assigned Closing Officers. The GSE Closing Analyst will work with our Production, Underwriting, Servicing, and Asset Management Teams, gaining exposure to all aspects of the loan process within our multifamily business unit. Do you want to join a team where you can experience the creativity and flexibility of a small lender, with all the capabilities of a large institution? If yes, then apply TODAY!
In one year as a Closing Coordinator, you will know you were successful if you…
- Successfully supported the Vice President and Head of Closing and associated Closing Officers in processing all assigned multi-million dollar loans
- Carefully reviewed each delivery package prior to submission to ensure accuracy, completeness, and compliance with the Fannie Mae and Freddie Mac guidelines
- Coordinated with Underwriting Team and outside counsel to ensure the timely receipt of loan packages for review prior to receipt by Fannie Mae and Freddie Mac
- After loan closings, worked directly with the various Agencies to securitize and provide necessary documentation to finalize the mortgage-backed security to the investor
- Delivered permanent loan files to Servicing and Asset Management Departments
- Tracked and processed various reports and payments and communicated with stakeholders with premier customer service
Requirements
What we are looking for…
- Bachelor’s degree or two years of real estate lending or closing experience working with large loans (average loan size is $10 million )
- Experience with the Fannie Mae DUS program, Freddie Mac Program Plus, and Freddie Mac TAH is preferred
- Strong self-sufficiency and attention to detail skills, with the ability to work closely with other internal departments to deliver a loan in a timely manner
- Excellent critical thinking, customer service, and communication skills
- Ability to utilize Microsoft Office Suite and databases
ABOUT MERCHANTS CAPITAL
With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multi-family housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com.
Job Summary
Full Time
Consumer Services
$49k-64k (estimate)
04/27/2024
06/26/2024
mercapco.com
CHICAGO, IL
50 - 100
Private
$10M - $50M
Consumer Services
Related Companies
The job skills required for Closing Coordinator (Fannie/Freddie) include Mortgage Loans, Customer Service, Underwriting, Attention to Detail, Microsoft Office, Communication Skills, etc. Having related job skills and expertise will give you an advantage when applying to be a Closing Coordinator (Fannie/Freddie). That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Closing Coordinator (Fannie/Freddie). Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Closing Coordinator (Fannie/Freddie) positions, which can be used as a reference in future career path planning. As a Closing Coordinator (Fannie/Freddie), it can be promoted into senior positions as a Mortgage Loan Funding Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Closing Coordinator (Fannie/Freddie). You can explore the career advancement for a Closing Coordinator (Fannie/Freddie) below and select your interested title to get hiring information.
If you are interested in becoming a Closing Coordinator, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Closing Coordinator for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Closing Coordinator job description and responsibilities
Closing coordinators are also responsible for making sure all the financial aspects of the transaction are complete and accurate, according to Real Volve.
02/18/2022: Orlando, FL
Closing coordinators, mortgage closing coordinators, contract-to-close coordinators, and transaction coordinators are all used commonly.
04/17/2022: Gary, IN
Closing coordinators are responsible for ensuring that the closing process goes smoothly.
03/25/2022: Elyria, OH
Closing coordinators may also be responsible for managing vendors or contractors who provide services related to closing on a property.
03/16/2022: Syracuse, NY
Closing coordinators are responsible for opening, maintaining and filing all documents related to the sale or purchase of a home or business.
02/27/2022: Biloxi, MS
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Closing Coordinator jobs
Learn the Basics of Real Estate Transaction Coordination.
03/05/2022: Pueblo, CO
Choose the Right Transaction Coordinator Software.
02/17/2022: Charlotte, NC
Ask for Testimonials and Referrals.
03/17/2022: Temple, TX
Social and Communication Skills.
04/06/2022: Frankfort, KY
Gain work experience as a clinical research professional (at least one year).
04/28/2022: Sioux Falls, SD
Step 3: View the best colleges and universities for Closing Coordinator.
Similar Jobs
Popular Articles
