Commercial Loan Closer

Pacific Southwest Realty Services (PSRS) is a Commercial Mortgage Banking firm whose primary emphasis is making loans on larger commercial properties using investment capital from insurance companies, pension funds, and Wall Street sources. At PSRS we emphasize the quality, relationship driven services that we have been providing since 1972. We are one of the largest privately held full-service mortgage banking firms in the Western United States with a $6B servicing portfolio and a long-standing track record in the mercial Loan CloserLos Angeles (Wilshire Blvd.) officeSummary: PSRS Los Angeles is seeking someone with interest andor experience closing loans for life insurance companies, CMBS or Bank lenders. This person may have experience in titleescrow, as a real estate paralegal or as an underwriter. In this role you will be responsible for managing the 3rd party reports (Appraisal, Phase I, PCA, PML, Survey and Zoning), title, legal searches, estoppels, SNDA's, and entity documents. The position will be working with an experienced Loan Closer and a close-knit team of Senior Loan Officers.At PSRS, the Commercial Loan Closer will provide support to a high performing origination team by coordinating all activities from loan approval through loan closing. They will be working on 5-6 transactions per month and must work under minimal supervision. The ideal candidate will have strong organizational and analytical skills and be an effective problem-solver.Responsibilities: Develop and maintain detailed checklists and timeline for each transaction fileReview loan applicationsCoordinate loan requirements with third party vendors, attorneys, and escrow companiesOrder credit reportsObtain zoning letters and certificates of occupancyGather and submit to lender all closing itemsdocumentationCompile invoices and wiring instructions for payment by escrowComplete estoppels and subordination agreementsCoordinate loan documents and signingDay to day communications with borrower, lender, attorneys, title and escrow officers, and report writers on any closing items, changes, and due dates throughout the closing processGather loan documentation post-closing and submit closing file to Servicing Department and to the borrowerMaintain and update loan data spreadsheetsPerform other reasonably related business duties assigned by a supervisorQualifications:3+ years, senior-level administrative supportJunior college or equivalent work experienceAble to work independently or as part of a teamAble to communicate in a professional and courteous manner in person, over the phone and via written correspondenceDetail orientedMaintain a high level of confidentiality and exercise independent judgement and analysisEscrow or title experience is a plusCommercial real estate experience is a plusNotary Public is a plusSkillsSoftware:Advanced computer skills (typing, scanning, printing)Internet researchMicrosoft Word and ExcelAdobe AcrobatMust be a quick learner!PSRS is an Equal Opportunity Employer and offers a competitive salary & benefits package. Compensation for this role has a target range of $50,000 to $70,000 annually with commission opportunities available with a valid CA RE License.

Created: 2025-02-15