Bring your expertise to JPMorgan. As part of our loan closing Team, you will play a pivotal role in advancing the firm’s affordable housing initiatives
Job responsibilities
- Manage closing and delivery of commercial real estate multifamily loans (GSE), primarily Fannie Mae and Freddie Mac, from application to post closing status
- Work closely with outside counsel, credit officers and bankers on various transactional matters to ensure that the anticipated time frames are met
- Ensure that the appropriate requirements are received and required approvals are obtained for the issuance of commitment letters and rate lock
- Review loan documents to ensure accuracy and compliance with Lender and Agency requirements
- Prepare and issue Commitment Letters, Prepare escrow analysis and Closing Statements in preparation of loan closing
- Work closely with counsel and credit teams on loan document negotiations and modifications
- Ensure all approvals and waivers are in place including insurance reviews and confirmation on payment of taxes
- Ensure compliance with bank policies, procedures and regulatory requirements are met
- Coordinate with outside counsel, title/escrow and closing partners to ensure timely funding on closing day
- Confirm loan information in systems and documents are accurate for loan servicing and boarding
- Prepare and submit the final data and upload the appropriate documents timely and accurately to ensure final settlement with the appropriate agency
Required qualifications, capabilities, and skills
- 3+ years of experience with closing and delivery of Fannie Mae and Freddie Mac multifamily loans."
- Knowledge of Fannie Mae and Freddie Mac applications.
- Ability to work as part of a team, interact, and collaborate.
- Ability to train and provide guidance to less experienced associates
- Strong analytical and problem-solving skills; ability to resolve issues with management guidance
- Demonstrated excellent attention to detail and accuracy
- Ability to work autonomously to manage time effectively and prioritize work appropriately to meet deadlines
- Strong business communication skills; able to write/speak clearly and professionally with a variety of stakeholders
- Demonstrated ability to establish credibility and rapport with internal and external stakeholders
- Proven ability to maintain confidentiality and professionally handle sensitive documents
Preferred qualifications, capabilities, and skills
- Proficient with Microsoft (word, excel, PowerPoint) systems and Adobe.
- Knowledge of Commercial Real Estate terms
- Bachelor’s degree is preferred