Multifamily Senior Loan Closing Administrator
Company: Umpqua Bank
Posted on: June 10, 2021
As a Senior Multifamily Loan Closing Administrator, you will
facilitate and administer the processing and closing of multifamily
or other commercial real estate (CRE) loans secured by first
mortgages on investor owned (non-owner occupied) properties. You
are responsible for file/data management and closing of loans from
application through loan documentation and funding.
- Analyze and review various third-party documents and reports,
including title insurance, escrow, personal credit, appraisals,
environmental, property and liability insurance, and complex
borrowing entity structures. In addition, analyze underlying title
exception documents with emphasis on impact to lien priority and
use of collateral. Identify title, property insurance, zoning,
vesting, or other issues that require analysis and resolution prior
to approval, documentation and funding of loans.
- Partner with underwriters to identify credit or property issues
that require further investigation and resolution prior to
approval. Collaborate with production officers and staff to acquire
sufficient information for credit recommendations, to address
credit concerns, and to document/close loans.
- Prepare loan documents, escrow recording instructions and other
ancillary documents in form and content that ensures a first lien
priority for the Bank's collateral.
- May conduct peer review of others' loan packages for
- Complete work in accordance with Umpqua Bank's documented
procedures reflected in the Commercial Resource Library and the
Multifamily Loan Processing/Closing Procedures. Any exceptions are
documented and approved.
- Demonstrate compliance with all bank regulations that apply to
your position, and keep up to date on regulation changes.
- Maintain working knowledge of our policies and procedures
regarding the Bank Secrecy Act, Regulation CC, Regulation E, Bank
Security and other regulations that apply to your position.
- Bachelor's degree or equivalent work experience as a Paralegal
or other Real Estate specialty.
- 8+ years of Multifamily and or commercial real estate
experience. May be a combination of processing, underwriting,
originating, or brokering sales of loans for commercial real estate
but must include experience providing a strong knowledge of real
estate loans, loan documentation requirements, and state real
estate regulations and requirements.
- Extensive knowledge of standard concepts, practices, and
procedures within the multifamily and commercial real estate
(investor owned income property) lending field.
- Extensive knowledge of real estate legal principles, including
lien priority law and regulations, pertaining to multifamily and
commercial real estate.
- Proven ability to analyze preliminary title reports, credit
reports, flood maps, survey and other land development reports.
Experience with commercial properties is a plus.
- Skills in database, spreadsheet and word processing software
(Microsoft Office Suite preferred).
Physical Requirements and Working Conditions
- Occasional Office environment
- Occasional travel.
No relocation is offered.
We do things a little differently here at Umpqua. Our retail
stores serve as community hubs, our associates are given up to 40
hours of volunteer time each year, and we're never satisfied with
the status quo. It's no wonder we've made "Fortune's 100 Best
Companies to Work For" eight years in a row. But greatness has no
finish line, so we continue every day to keep people at the center
of everything we do. We focus on building relationships,
understanding our customers' needs and connecting to people in new
and innovative ways -- always staying true to our mission of
providing personalized banking for all people, whenever and however
they prefer to bank.
Umpqua Bank is committed to employing a diverse workforce.
Qualified applicants will receive consideration without regard to
race, color, religion, sex, national origin, age, sexual
orientation, gender identity, gender expression, protected veteran
status, or disability. We maintain a drug-free workplace and may
perform pre-employment substance abuse testing.
No relocation offered
Keywords: Umpqua Bank, Kirkland , Multifamily Senior Loan Closing Administrator, Other , Kirkland, Washington
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