Loan Closer I

US-OR-Hillsboro
1 week ago
# Positions
1
Status
Full-Time
Req #
16836

Overview

StanCorp Mortgage Investors originates and services small commercial real estate loans. With more than 100 years of mortgage lending experience, we have developed expertise in high-quality commercial mortgage loans of between $500,000 and $5 million.

 

We offer a dynamic work environment fueled by a great team, competitive compensation and benefits, and the opportunity to grow your career with a rapidly growing market leader.

 

The Loan Closer I is responsible for analyzing conditions and legal requirements of real estate loan commitments, preparing all loan documents and closing instructions for escrow, and coordinating with representative of company legal counsel, correspondents, title companies, escrow services, and borrowers. 

Responsibilities

Analyze loan commitments for legal and other closing requirements.  Coordinate with correspondents and/or borrowers to ensure timely delivery of all commitment items.  Coordinate with legal counsel, correspondent, title and escrow companies to clarify requirements and establish funding schedules.

 

Coordinate with team members and capture data into the loan closing software.  Prepare draft and final loan documents in a timely and accurate fashion to support the loan funding timelines.

 

Review preliminary title reports for conditions and exceptions affecting the Company's first lien position and/or underlying collateral quality.  Develop/recommend appropriate course of action.  Coordinate action items with team members, correspondent and title company representatives.

 

Perform entity evaluation and work with team members and legal counsel to affirm entity appropriateness to the underwriting requirements and obtain appropriate documentation.  Review and approve entity documentation to validate borrower's authority to complete the loan transaction for complex borrowing entities.

 

Coordinate work load with team members, capture relevant data into ATS, maintain funding schedules and checklists, and monitor commitment deliverables.  

Qualifications

Education: Associate's Degree or higher in related field.


Experience: Two to three  years experience in commercial lending with an emphasis in real estate principles, title and escrow, real estate law, or the equivalent combination of education and/or relevant experience.
 
Professional certification required: None  

 

 

 

Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Equities, Inc. and StanCorp Investment Advisers, Inc., marketed as The Standard, are Affirmative Action/Equal Opportunity employers. All qualified applicants will receive consideration for employment without regard to race, religion, color, sex, national origin, gender, sexual orientation, age, disability, or veteran status or any other condition protected by federal, state or local law. The Standard offers a drug and alcohol free work environment where possession, manufacture, transfer, offer, use of or being impaired by an illegal substance while on Standard property, or in other cases which the company believes might affect operations, safety or reputation of the company is prohibited. The Standard requires a criminal background investigation, drug test, employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.

 

For more information regarding your Equal Employment Opportunity applicant rights, click  here.

 

Individuals with disabilities who need assistance or accommodation with the application process should contact HR Direct at 971-321-7871.  This number is only for the use of individuals with disabilities who need accommodation with the application process.  General inquiries about application status will not be addressed.

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