Commercial Mortgage Loan Closer

Commercial Mortgage Loan Closer

Join a team that drives the success of our commercial mortgage investment operations! In this role, you’ll be at the center of complex transactions—ensuring smooth closings, maintaining compliance, and partnering with internal and external stakeholders to deliver exceptional results. You’ll define and improve processes, champion operational excellence, and play a critical part in supporting strategic goals. If you thrive in a fast‑paced environment, enjoy problem‑solving, and want to make a tangible impact on high‑value investments, this is the opportunity for you.

• Upon Investment Committee approval, transition commercial mortgage loan closing process from origination analyst; responsible for originating checklist from Securian
  
  AM, tracking deal progress, interfacing with in‑house counsel, business analyst, outside counsel, and business and closing counterparts in mortgage banking companies.
• Work with internal legal and business staff to ensure post‑closing documentation is complete and accurate and closing files are assembled for future use.
• Assist portfolio managers, analysts, attorneys, internal and external auditors, and other departmental staff to identify solutions for problems that arise in connection with investment transactions.
• Review and approve the information contained in each item of credit, borrower and collateral property due diligence, ensuring conformity with the requirements specified in the origination documents and the loan approval and final commitment letter to the borrower.
• Approve the property insurance, ensuring that the coverage meets lender requirements and sufficiently covers all risks to the loan collateral.
• Work with the Manager, Commercial Mortgage Investments to review requests and facilitate drafting of documents for amendments, consents and waivers for currently held assets; identify issues, interpret loan documents and summarize terms for attorneys and/or investment officers.
• Coordinate title insurance, surveys, organizational documents, third‑party reports and other information to maintain consistency in the closing process.
• Monitor and direct cash deposits for each transaction; authorize lender’s funding wires.
• Monitor progress of and compliance with loan escrow agreements and handle disbursement of escrowed funds.

• Knowledge of real estate, preferably in commercial loan closing.
• Ability to read and comprehend third‑party reports (Environmental, Appraisal and Engineering) for accuracy and relevance.
• Experience reviewing real estate leases for both business and legal issues.
• Understanding of legal and financial concepts and practices with the ability to extract and analyze critical information from business and legal documents.
• Strong math, analytical, and critical‑thinking skills with strong attention to detail.
• Strong communication skills to establish and maintain effective interaction with outside counsel, brokers, mortgage bankers and counterparts.
• Excellent organizational skill and the ability to manage multiple, time‑sensitive tasks and make independent decisions.
• Knowledge of PC software, Salesforce, Microsoft Word and Excel.

• 3+ years experience as a Commercial Loan Closer or equivalent paralegal, loan officer, or underwriting experience in a real estate lending area.
• Bachelor’s Degree in a related field and/or equivalent combination of training and experience in the real estate lending environment.

Internal Securian Financial job title for this position is Asset Management Operations Sr. Analyst.

Securian Financial believes in hybrid work as an integral part of our culture. Associates get the benefit of working both virtually and in our offices. This position requires you to live within a commutable distance (90 minutes) of our Home Office in St. Paul, MN. You’ll join us 3 days each week in our offices to collaborate and build relationships. Our policy allows flexibility for the reality of business and personal schedules.

$56,000.00 – $

Pay may vary depending on job‑related factors and individual experience, skills, knowledge, etc. More information on base pay…