Junior Processor/Closer

Basis Investment Group is looking to hire a Junior Processor/Closer to join its Multifamily Finance production team.   

Basis Investment Group is a New York based multi-strategy commercial real estate (‘CRE”) investment platform that originates and securitizes Agency, CMBS and Bridge senior mortgages, invests in subordinate debt including mezzanine loans, B-Notes and preferred equity, and opportunistically buys CMBS tranches including B-pieces & performing & distressed whole loans.  With 50+ years of collective debt and equity experience, the key members of Basis management team have originated and closed in excess of $30 billion of CRE investments.  Please visit our website (www.basisinvgroup.com) for more information about Basis.    

JOB SCOPE & RESPONSIBILITIES:

  • Work with loan originators, underwriters, analysts, brokers and borrowers to obtain documents required to underwrite and thereafter close commercial real estate loans 
  • Track progress by updating established due diligence checklists on a weekly basis – working with loan officers, brokers, and borrowers to collect all required documentation
  • Track underwriting and closing pipeline in Salesforce
  • Assist borrowers with completing Freddie Mac forms 1115, 1116, loan application addendums and upload all documents to DMS for underwriting with Freddie Mac
  • Review borrower’s insurance policy(s) to ensure they met Freddie Mac guidelines, and upload to ICT for processing
  • Organize loan files, prepare and maintain needs list, and follow-up as required to ensure receipt of all necessary documents 
  • Track orders for appraisals, environmental site assessments, physical inspection reports, preliminary title reports, credit reports and other third-party reports to ensure timely receipt 
  • Assist underwriting in clearing pre-funding conditions and prepare wiring instructions for disbursement of loan proceeds 
  • Develop and transmit electronic loan files for pre-funding approval of warehouse lender 
  • Coordinate final preparation of loan documents and closing procedures with title officers and closing attorneys 
  • Conduct pre-closing file reviews and facilitate approvals to close 
  • Receive and audit executed closing documents and transmit original documents to third party original document custodian 
  • Follow-up as required to obtain title insurance policies, recorded mortgage and other security instruments, and other post-closing documents 
  • Prepare loan boarding input documents for loan servicer and transmit completed files to internal loan file custodian

JOB SKILLS & KNOWLEDGE:

  • College degree preferred, but not required
  • 2 to 3 years of experience preferably with Agency lending platform(s)
  • Familiarity with Freddie Mac systems
  • Proficiency in Microsoft Office Suite, with a focus on Excel and Word
  • Exceptional organizational skills and ability to multi-task
  • Exceptional interpersonal and communication skills
  • Self-motivated worker with the ability and flexibility to work in a dynamic, team setting as well as independently
May 10, 2019

Leave a reply