At Mercy Housing, we are on a mission to redefine affordable, low-income housing and create a more humane world where communities thrive, and all individuals can realize their full potential. As the largest nonprofit affordable housing provider in the nation, we build, preserve, and manage program-enriched housing across the country.
Mercy Community Capital is seeking an experienced Loan Closing Administrator to facilitate loan closings, manage loan documents, complete file reviews, administer draws, and assist in the management of a growing national multifamily loan portfolio.
This is a hybrid position based in Denver, CO. 1-2 days per week in-office required.
Pay: $80,000-120,000/salary DOE
Benefits:
- 15 days of earned PTO your first year, 12 company holidays + 2 floating holidays.
- Early close Fridays - 3 paid hours off early each Friday.
- Health, dental (adult and child orthodontia included), vision, and pet insurance.
- Employer paid life insurance.
- 403b + match, paid volunteer time, and more.
Duties:
- Preparing and/or reviewing drafts of loan commitment letters with the Underwriters.
- Coordinating with underwriting team to ensure that business terms of credit, asset management and servicing requirements are properly reflected in the loan documentation. Involves VP of Lending and VP of Asset Management in any business term issues that arise in closing process.
- Managing the preparation of real estate loan documents (Promissory Note, Mortgage, Loan Agreement, etc.), and ensuring all required due diligence items, including but not limited to, title and survey issues, ESAs, property condition reports and appraisals, are reviewed and satisfactory prior to loan closing and disbursement of funds.
- Coordinating loan closings with underwriting staff, borrower, title company, attorneys, other lenders, municipalities, etc.
Minimum Qualifications:
- Minimum 3 years of experience working with a commercial real estate loan portfolio.
- Minimum 5 years of experience closing commercial loans including ability to create or review legal documentation (notes, mortgages or security agreements, loan agreements, etc.).
Preferred Qualifications:
- An undergraduate degree or equivalent work experience.
Knowledge and Skills:
- Proficiency in the review of title insurance commitments/policies, surveys, collateral, lien filings, appraisals, hazard and general liability insurance evidences, environmental reports or other third party information.
- Experience in, or knowledge of, affordable housing, community development finance and the nonprofit industry is preferred.
- Extraordinary record keeping abilities and attention to detail, and a proven capacity to produce consistently accurate and high quality work.
- Knowledge of MS Office Suite with emphasis on Excel experience, including, but not limited to downloading and integrating raw data from other sources and creating reports and other spreadsheets.
*This is a brief description of the position and responsibilities.
https://recruiting2.ultipro.com/MER1030MCYH/JobBoard/9dfd3499-936d-466b-bf72-845d91876d92/OpportunityDetail?opportunityId=2591ee42-9c92-44fc-9f81-554426e793f9
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Brian Sample
Asset Management Vice President
Mercy Community Capital
Denver CO
(303) 830-3300
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