What are the responsibilities and job description for the Loan Closing Associate position at Archwest Capital?
Essential Functions
- Draft real estate loan documents (including closing instructions) and review executed versions to ensure accuracy and compliance with closing procedures
- Review formation documents to determine signing authority and prepare signature blocks
- Coordinate closing, and delivery phases of loans originated or acquired to ensure requirements are satisfied within a specified timeframe while maintaining internal checklists in real-time
- Be the point of contact between all parties involved in the funding transaction
- Review the results of the title search, copies of all easements, encumbrances, and any other related title work
- Request and review closing protection letters and place orders for funding shield certificate
- Confirm title requirements are met and confirm issuance of required title endorsements
- Request, review and approve pro forma or marked up title work prior to closing
- Responsible to request, review and approve settlement statements
- Verify receipt and disbursement of all fees as per commitment terms or investor guidelines
- Request, review and approve property and liability insurance certificates
- Request and analyze current real estate tax information
- Prepare and submit wire requests for loan funding along with supporting documentation
- Track delivery of loan documents to custodian and follow-up on receipt of recorded documents
- Perform duties under moderate to close supervision and actively engage supervisor and / or manager to resolve complex issues
- Remain current on funding guidelines and compliance requirements
- Effectively communicate status and expectations to internal staff, attorneys, and escrow / title
- Utilize time management skills to stay on track with multiple loans at various stages of the funding process
Competencies / Skills
Education and Experience
Accessibilty
At Archwest, we will make reasonable accommodations to enable individuals with disabilities to perform essential functions. Please let us know by contacting us at careers@archwestcapital.com