Hybrid Transaction Manager – Closing, Commercial Real Estate

at BWE

• Job title: Transaction Manager – Closing, Commercial Real Estate
• Job type: Full Time
• Experience level: Junior
• Salary: Not specified
• Degree requirement: Associate's Degree
• Location requirements: Hybrid, Cleveland, United States

About the role

• Transaction Manager coordinating commercial mortgage loan closings at BWE. Ensuring smooth transitions from loan production to servicing with various stakeholders involved.

Responsibilities

• Track, coordinate and handle the timely ordering, receipt, review, delivery and approval of third-party reports, including appraisals, environmental reports, surveys, title commitments, searches, flood certificates, engineering reports, and seismic reports, involving the closing manager, transaction managers, producers and analysts when necessary.
• Become familiar with, and support the establishment and maintenance of a database for, contacts and closing requirements of various lenders.
• Obtain, review and coordinate lender approval of insurance carried by the borrower.
• Prepare estoppels, SNDAs, and lease abstracts; review estoppels against the borrower's rent roll.
• Schedule and coordinate closing calls; draft and/or manage closing checklists to ensure all closing requirements are timely met as a condition to funding.
• Obtain all lender required due diligence from the borrower.
• Review lender required due diligence for accuracy and to identify and resolve potential issues prior to transmittal to lender.
• Prepare and transmit statement of Bellwether and third-party fees to the title company and borrower for closing, and review settlement statement for accuracy.
• Maintain organized and accurate closing and due diligence files, and upload to central document management system in a timely and organized fashion.
• Take such other actions as necessary or desirable to ensure loans close, and to ensure a seamless transition to loan set-up and servicing.
• Assist with special projects on an as needed basis.

Requirements

• Certificate or Associate's Degree in Administrative Science or Paralegal Studies, or equivalent work experience.
• At least one year of experience with commercial mortgage loan closings.
• Strong computer literacy and working knowledge of Microsoft Office products.
• Ability to operate effectively both independently and in a team environment.
• Maturity and self-confidence to simultaneously handle a variety of assignments.
• Ability to work harmoniously with internal/external parties and clients.
• Self-motivated and detail-oriented with excellent organizational skills and drive to succeed.
• Ability to organize, direct and motivate others.
• Must possess judgment necessary to identify when issues and potential issues should be raised to closing manager, transaction managers, producers and/or analysts.
• Strong oral and written communication skills.
• Ability to multi-task and manage time effectively.
• Excellent interpersonal, communication, problem-solving, and organization skills.
• Bachelor's Degree (desired).
• Experience with life insurance companies (desired).
• Familiarity with Salesforce or comparable customer relationship management platform (desired).

Benefits

• Health insurance
• Professional development opportunities