What are the responsibilities and job description for the Loan Closing Specialist position at Berkadia?
Are you looking for the opportunity to make an impact?
The Loan Closing Specialist plays a crucial role in supporting the Mortgage Banker by reviewing application and rate lock documentation. Acting as a liaison, the specialist ensures that applications meet Freddie Mac and Berkadia guidelines and prepares Berkadia Commitments and rate locks. Additionally, the Loan Closing Specialist coordinates with the Closers to monitor and resolve closing and pre-closing issues across various platforms, including client relations, legal, underwriting, and servicing.
Berkadia’s mortgage banking platform is consistently ranked among Fannie Mae, Freddie Mac and HUD’s top lenders and is seamlessly integrated with our investment sales and servicing platforms to provide superior client service. Let the strongest research, technology, capital relationships, and a nationwide network of industry professionals propel you to the next stage of your commercial real estate career. Be Backed by the Best. Be Berkadia.
We Innovate to shape the future of CRE, so in this role you will:
Responsibilities
Preferred Qualifications
Berkadia, as an equal opportunity employer, celebrates our employees’ unique differences, which we believe drives personal and company-wide innovation and creates a people-first culture where your career can take the long view. To achieve these goals, we are committed to the full inclusion of all qualified individuals, without regard to race, religion, age, color, national origin, gender, sexual orientation, gender identity or expression, marital status, domestic partner status, military and veteran status, disability, pregnancy, parental status, genetic information, political affiliation, or any other status protected by federal, state and local laws.
In keeping with our commitment, Berkadia takes the necessary steps to provide a workplace free from harassment and discrimination, as well as access and reasonable accommodations for individuals with disabilities. If you require reasonable accommodation to take part in the interview process, please contact talentacquisition@berkadia.com.
You have rights under Federal and State employment laws. No question in this Application is intended to elicit information in violation of any such law, nor will any information obtained in response to any question be used in violation of any such law. If you apply for this role, you are acknowledging Berkadia's Application Policy and Berkadia's Privacy Policy. Please click the following links for more information about: EEOC, Employee Rights under the FMLA, EPPA.
The Loan Closing Specialist plays a crucial role in supporting the Mortgage Banker by reviewing application and rate lock documentation. Acting as a liaison, the specialist ensures that applications meet Freddie Mac and Berkadia guidelines and prepares Berkadia Commitments and rate locks. Additionally, the Loan Closing Specialist coordinates with the Closers to monitor and resolve closing and pre-closing issues across various platforms, including client relations, legal, underwriting, and servicing.
Berkadia’s mortgage banking platform is consistently ranked among Fannie Mae, Freddie Mac and HUD’s top lenders and is seamlessly integrated with our investment sales and servicing platforms to provide superior client service. Let the strongest research, technology, capital relationships, and a nationwide network of industry professionals propel you to the next stage of your commercial real estate career. Be Backed by the Best. Be Berkadia.
We Innovate to shape the future of CRE, so in this role you will:
Responsibilities
- Review application and rate lock documentation.
- Prepare the Berkadia Index Lock Agreement and Berkadia Commitment; ensure all rate lock items are received prior to rate lock.
- Rate lock all Freddie loans; ensure rate lock is perfected and distribute information to all relevant parties, including Mortgage Banker, Counsel, Underwriter, and Closer.
- Coordinate with Closers on the commitment, closing, and delivery phases of loans to ensure commitment requirements are met within specified timeframes for optimal execution.
- Record loan and closing information in OmniView, the company’s system of record.
- Track post-closing documents and coordinating with external counsel and servicing to upload these documents promptly.
- Reconcile good faith accounts and perform various other accounting functions related to closing.
- Perform administrative duties as assigned to support the goals of the company’s Closing function.
- Other duties as assigned.
Preferred Qualifications
- Strong attention to detail and ability to manage multiple tasks simultaneously.
- Excellent communication and interpersonal skills for effective collaboration with internal and external stakeholders.
- Proficiency in using loan management systems and software, such as OmniView.
- Ability to work independently and as part of a team in a fast-paced environment.
- Bachelor's degree or equivalent
- 3 years of experience in a similar position
- Monthly paid volunteer hours and donation matching to benefit our communities
- Employee Resource Groups that help you grow with us
- Fertility and family planning services
- Up to 12-weeks of fully paid parental leave
- Mental health care, including free counseling sessions:
- We'll help you fund your learning journey with generous tuition reimbursement
- Pet insurance discounts
- And more!
Berkadia, as an equal opportunity employer, celebrates our employees’ unique differences, which we believe drives personal and company-wide innovation and creates a people-first culture where your career can take the long view. To achieve these goals, we are committed to the full inclusion of all qualified individuals, without regard to race, religion, age, color, national origin, gender, sexual orientation, gender identity or expression, marital status, domestic partner status, military and veteran status, disability, pregnancy, parental status, genetic information, political affiliation, or any other status protected by federal, state and local laws.
In keeping with our commitment, Berkadia takes the necessary steps to provide a workplace free from harassment and discrimination, as well as access and reasonable accommodations for individuals with disabilities. If you require reasonable accommodation to take part in the interview process, please contact talentacquisition@berkadia.com.
You have rights under Federal and State employment laws. No question in this Application is intended to elicit information in violation of any such law, nor will any information obtained in response to any question be used in violation of any such law. If you apply for this role, you are acknowledging Berkadia's Application Policy and Berkadia's Privacy Policy. Please click the following links for more information about: EEOC, Employee Rights under the FMLA, EPPA.