What are the responsibilities and job description for the Closer, Multifamily position at Merchants Capital Corporation?
Description
Your primary focus as a Multifamily Closer will be processing and closing Investment Real Estate loans. This includes bridge loans, construction loans, lines of credit, and partnering with other Agency (Fannie Mae, Freddie Mac, HUD) Closers on complex transactions. No two transactions are ever the same here at Merchants because we work to meet our customers’ goals through flexible financing options. Can you confidently work independently, enjoy solving complex problems, and are not a “box checker”? If yes, then Apply TODAY!
Requirements
In one year as a Multifamily Closer, you know you will be successful if you…
- Order, track, & maintain 3rd party reports.
- Request, retrieve, and track due diligence documents from the client.
- Submit and track insurance reviews with internal staff/consultants to ensure compliance with Bank requirements.
- Expert for all applicable loan policies and procedures both internally and required by federal banking requirements
- Coordinate with the Bank’s legal representatives to schedule loan closings, while collecting required items needed for closing from the Borrower, Bank, or Legal Team.
- Create Settlement Statements for closing and overseeing the loan disbursements and third-party payments.
What we are looking for…
- A bachelor's degree in real estate, finance, business administration, or a related field requires 4 years of related experience instead of a degree.
- Intermediate experience with all Microsoft products including Word, Excel, and Outlook.
- Possess the initiative to work independently and reliably, and the ability to work closely with other internal departments to close a loan promptly.
- Strong preference to previous real estate experience (single-family or multifamily) and/or LIHTC, Bank, FHA HUD, and Agency experience
ABOUT MERCHANTS CAPITAL
With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multi-family housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com.
