Responsible for closing HUD/FHA multifamily and healthcare loans and administering closed construction loans, including processing borrower requests for loan and equity proceeds; change orders; permission to occupy and other ad hoc requests. Closes loans after ensuring due diligence items satisfy the requirements of the lender and buyer of the loan or security backed by the loan prior to loan funding. Assists the Closing Vice President in the marketing, trading and issuance activities for the Company's Ginnie Mae Mortgage-Backed Securities Program.
ESSENTIAL DUTIES AND RESPONSIBILITES
Interfaces with internal and external parties, including loan originator, underwriter, mortgage broker, borrower, attorney, title company, security broker dealer, government employees, servicing and asset management personnel to review and analyze due diligence items.
Reviews invoices, receipts, and other documentation to prepare loan settlement statements for approval by the Closing Vice President.
Reviews documentation and due diligence items, including but not limited to insurance, letters of credit, draft loan documents, FHA and investor commitments; determines such items meet funding and/or securitization requirements.
Prepares loan funding package transmission to Houston CAG and warehouse lender and transmits after approval by Closing Vice President.
Keeps Closing Vice President and other parties informed of potential problems or delays; makes recommendations and presents possible solutions to Closing Vice President.
Prepares pool and loan delivery packages for transmission to investor subject to approval by Closing Vice President.
Prepares and transmits closed loan and pool information to servicing, asset management, accounting, and investor reporting departments.
Processes construction loan borrower requests, including monthly requisitions for loan funds; advance of escrow funds; change orders; permissions to occupy; and other ad hoc requests and makes disposition recommendations to Closing Vice President as appropriate.
Conducts the construction to permanent loan status conversion of a closed construction loan, including but not limited to review of cost certification, conducting escrow analysis, and reconciling final loan and equity proceeds.
May review and finalize documentation or packages prepared by a Closing Analyst. May act as the Company's representative in the execution of loan documents.
Other duties as assigned.
No formal supervisory responsibilities in this position. May provide informal assistance such as technical guidance and/or training to coworkers. May coordinate work and assign tasks.
With broader and deeper capabilities than any other company, CBRE is the leading full-service real estate services and investment organization in the world.
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2017 revenues of $14.2 billion and more than 80,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #214 in 2017. It also has been voted the industry’s top brand by the Lipsey Company for 17 consecutive years, and has been named one of Fortune’s “Most Admired Companies” in the real estate sector for six years in a row. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”
CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.