What are the responsibilities and job description for the Closing Transaction Coordinator position at Amherst Holdings?
The Amherst Group of companies comprise of leading real estate investment and advisory firms with a mission to transform the way real estate is owned, financed and managed. Amherst leverages its proprietary data, analytics, technology, and decades of experience to seek solutions for a fragmented, slow-to-evolve real estate ecosystem and to materially improve the experience for residents, buyers, sellers, communities, and investors. Today Amherst has over 1000 employees and $14.1 billion in assets under management.
Over the past decade, Amherst has scaled its platform to become one of the largest operators of single-family assets and has acquired, renovated, and leased more than 46,000 homes across 32 markets in the U.S. The firm delivers customized, stabilized cash-flowing portfolios of assets to its investors, wrapped in all the ongoing services required to manage, own, and finance the asset including property management, portfolio management, and a full capital markets team. In addition to its single-family rental platform, Amherst’s debt business pursues two distinct credit strategies in mortgage-backed securities and commercial real estate lending. Over its 25-year history, Amherst has developed a deep bench of research and technology talent, and leverages data and analytics at every stage in the asset lifecycle to improve operations and preserve long-term value for our investors and the more than 188,000 residents the firm has served.
Closing Coordinator:
The Closing Coordinator is responsible for the closing process of multiple simultaneous residential real estate transactions. The successful candidate is a highly organized, technically savvy, and detail-oriented individual that thrives in a fast-paced environment. You must be a strong independent worker, yet team oriented with a hunger to learn all aspects of the real estate acquisition business.
Amherst is a privately held nationwide company engaged in the business of managing the acquisition, renovation, and leasing of single-family homes. We strive to create efficiency throughout the process with the goal of creating constructive and professional relationships with owners of single-family real estate, our tenants, and the communities where the properties reside.
Responsibilities:
- Manage a pipeline of 200 or more properties at any given time. This includes but is not limited to ensuring buyer and seller perform as per contract.
- Identify and resolve adverse title matters.
- Monitor all contractual deadlines to ensure buyer and seller compliance.
- Reconciliation of HUD1/settlement statements and processing funding for the acquisition or disposition of single-family residential real estate. This would include review and understanding of contract agreement, tax certificate, HOA estoppel, municipal lien search and post-occupancy documentation (if applicable).
- Follow business closing and due diligence process and review all documents needed for successful closing which includes, but not limited to review of all title exception documents and the understanding of how information reviewed may impacts the buyer’s goal of long-term leasing.
- Ensure that all necessary documents are gathered, reviewed, and correct in conjunction with approvals and system data points.
- Ensure all required system data entry is complete and correct.
- Act as subject matter expert and provide guidance to internal departments as well as external vendors to help facilitate the transaction to accurate and timely close.
- Other duties and projects as assigned.
Requirements:
- Minimum 3 years’ experience in real estate transaction coordination, paralegal, title curative, title escrow or other real estate transaction related experience.
- Salesforce experience a plus.
- Advanced knowledge of Microsoft Office, especially Excel.
- Experience identifying and resolving title exceptions and understand how that impacts the business.
- Exhibit a forward-thinking mindset when it comes to understanding the full life cycle of a transaction.
- Demonstrate an understanding and/or experience handling complex real estate transactions, which could include multiple escrows and assignment contracts.
- Strong understanding of lease structures and related documents.
- Excellent verbal and written communication skills.
- Excellent organizational and time management skills.
- High level of attention to detail with the ability to detect errors.
- Successful candidate must be proactive in nature with the capability to streamline processes.
- Ability to stay motivated in a remote work environment while being adaptable to various ways of communication.
- Use your organizational skills for high volume documents and pipeline management.
- High School diploma or equivalent, paralegal certification or BS degree preferred.
Our full-time employee benefits include:
- A competitive and comprehensive benefits package.
