Closing Officer

Job title:

Closing Officer

Company

Vaco

Job description

About the Opportunity

• Preparing and negotiating letters of intent/commitment letters in compliance with credit requirements
• Understanding, negotiating, and assisting with drafting of loan documents including intercreditor and syndication documents, postponement and priority agreements, and other related legal documents.
• Engaging service providers to complete property and legal due diligence
• Preparing introductory letters to borrowers with checklists and due diligence documents
• Reviewing tenant estoppel and related documents
• Providing support to borrowers and originators/underwriters by initiating requests for information and documentation concerning the closing of each loan file
• Working closely with borrowers on closing their mortgage loan
• Working with all third-party service providers to facilitate each loan closing file
• Reviewing loan documents and legal due diligence packages
• Receiving and forwarding insurance policies for review by insurance consultant
• Completing anti-money laundering due diligence and documentation
• Working with the underwriting and origination teams to ensure that loan due diligence has been completed in preparation for closing
• Reviewing closing documents and providing instructions to legal counsel in negotiation of loan documents
• Reviewing documentation to ensure that conditions are cleared to close
• Preparing and balancing closing numbers, requisitioning funds and arranging funding wires
• Reconciliation of mortgage loan files

About You

• Minimum of 2+ years of experience working closely with commercial mortgages with a lender or a law firm
• Ability to work independently and handle multiple priorities
• Ability to handle a heavy workload at times
• Extremely organized
• A client-service mindset
• Strong individual contributor and always open to support and work within the team
• Must have computer skills in Microsoft suite
• Basic accounting knowledge
• Knowledge of syndicated loans and FSRA disclosure requirements is considered an asset
• Knowledge of inter-creditor agreements and understanding priority clauses is considered an asset

Salary
$60 000 – $70 000/yearHow to Apply
Click the “Apply Now” button and follow the instructions to submit your resume. Please note that we only accept documents in MS Word or Rich Text formats. When referencing this job, quote #430781.You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.

Expected salary

$60000 – 70000 per year

Location

Toronto, ON

Job date

Wed, 27 Nov 2024 00:57:17 GMT

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