What are the responsibilities and job description for the Loan Closer position at Nassau?
Job Summary
The Loan Closer position is responsible for the management of the closing process for commercial mortgage loan investments. These responsibilities include managing the workflow associated with specific loan closings and in recommending enhancements to overall processes, procedures, and closing documentation.
Principal Duties and Responsibilities
- Direct, manage and facilitate the commercial mortgage loan closing process between all parties involved in that process. (e.g., Nassau CorAmerica production team, third-party clients, external borrowers/mortgage bankers, closing attorneys, service providers, custodians of original loan documents, etc.).
- Create and manage closing files in Box.com, our internal system of record.
- Initiate, monitor, and review specific documentation of due diligence agenda to ensure accurate information is recorded and distributed throughout the closing process.
- Assist in the creation and improvement of relevant closing documents, processes, and procedures.
- Research, recommend and update closing requirements in order to mitigate risk to clients
- Establish and maintain excellent relationships with attorneys, mortgage banking correspondents, borrowers and other third-party vendors involved in the loan closing process.
- Audit closed loan files for completeness and accuracy
- Provide complete, accurate and timely reporting of closing files and other Ad-Hoc reports as needed.
- Assist in other commercial mortgage projects that are key to the success of the team.
- Perform other duties as assigned
Knowledge, Skills and Abilities
- Bachelor’s degree in business, finance, or related field required.
- 2 – 5 years of loan closing, lending, real estate, or related experience.
- Both general and front-line knowledge of real estate finance, investments, law and economics.
- Proficient in Microsoft Excel, Word, PowerPoint, and general business software applications.
- Detailed oriented with focus on accuracy and efficiency.
- Ability to work in a fast paced, time sensitive environment and manage multiple transactions simultaneously.
- Excellent interpersonal, communication (verbal and written) skills.
- Exhibit teamwork, collaboration, analytical thinking, and self-motivation on behalf of Nassau CorAmerica and its clients.
Compensation
Nassau maintains a holistic compensation philosophy focused on competitive base salaries, performance driven incentives, and unique professional development opportunities. The combination of compensation, benefits, and an entrepreneurial culture along with related experiences is key to recruiting and retaining talent. Our compensation system is designed to reward performance, support development and job growth, and compensate individuals relative to their contribution to our organization. The base salary for this position falls within Nassau’s salary band D: $60,000 - $70,000 depending upon experience
Visit our Careers page and apply online at http://www.nfg.com/.
Based in Hartford, Connecticut, Nassau Financial Group is a growth focused and digitally enabled financial services company with a fully integrated platform across insurance and asset management. Nassau was founded in 2015 and has grown to $1.6 billion in total adjusted capital, $24.8 billion in assets under management, and 370,000 policies and contracts as of September 30, 2024.
As part of a young and growing financial services enterprise, our employees are tapping into a new entrepreneurial spirit while they build on a long track record of putting customers first, understanding the evolving income and protection needs, and developing quality products to meet those needs.
Nassau provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
Salary : $60,000 - $70,000
