Senior Loan Closer, Commercial Real Estate Group (Hybrid - Brea, CA)

Salary Range: $98,200.00 - $161,900.00 (Depending on knowledge, skills, abilities and location. Certain level jobs may be eligible for bonus, commission, and/or equity awards.) Posting Date: November 6, 2024 This job will be open and accepting applications for a minimum of three days from the date it was posted. Benefits* worth writing home about: Medical, dental, and vision coverage for employees and their families Life, disability and family Leave 401(k) and Roth 401(k) with employer match Wellness program, employee assistance program, "Commute Trip Reduction" (CTR) and various employee discounts Generous vacation, sick leave, 11 paid holidays, and 16 hours of paid leave every year for community service work Free employee checking account and employee home loan discounts *For eligible employees averaging 20 or more hours per week. EO/AA Employer including Vets and Disabled. Qualified applicants with arrest and conviction records will be considered in accordance with legal requirements. If you are a California resident, you may be entitled to certain rights regarding your personal information, which is information that identifies, relates to, or could reasonably be linked with a particular California resident or household. Additional information about our data collection practices and location specific notices is available on our privacy policy. California applicants may click this link Fair Chance Ordinance for Los Angeles County to see additional information. Job Description Summary: The Senior Commercial Real Estate Loan Closer is responsible for the closing and funding tasks of complex commercial real estate loans originated for investor and/or bank balance sheet portfolios, including managing the closing schedule for the transaction. Loan sizes will typically range from $1.5M to $25M, and be secured by property types including multifamily, retail, office and industrial. Loans may also include bridge and construction loans. Investor loans may include loans originated under the Fannie Mae DUS program and participation loans with other lenders. Collateral properties are typically located within HomeStreet's lending network in 10 western states, although DUS loans may be located throughout the US. The Senior Loan Closer will work closely with the CRE Loan Closing Processor and Underwriter to ensure all documents needed for closing and funding the loan have been received and reviewed for compliance with credit approval and program requirements. The Senior Loan Closer will also work closely with Loan Closers to review documents as needed. Job Details: Primary Functions: Organize and lead the initial meeting of the parties involved in the transaction to set expectations for deliverables and timetables. This may include the borrower, broker, underwriter, production analyst, processor and relationship manager. Conduct follow up meetings as needed. Manage timing of the scheduled closing date with all internal and external parties throughout the transaction and update central database for reporting purposes. Collect, review and verify documentation received from various parties as necessary to complete the loan transaction, including borrower entity documents, transaction agreements, title and survey documents, escrow related documents, compliance documents, insurance evidence, flood certifications, commercial appraisals, seismic reports, etc. Order and review documents from approved vendors, including loan documentation vendor and/or outside legal counsel, and insurance compliance reviews from vendor when appropriate. Draft proposed language for loan documents as appropriate (and subject to Closing Manager approval). Confirm final loan documentation conforms to terms of credit approval. Coordinate closing activities among borrower, borrower's legal counsel, processor, underwriter, bank counsel, and relat