PGIM Commercial Real Estate Loan Closer

Job Classification:

Investment Management - Investments

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTUREAs the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world. We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration.

When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers! If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today.

At PGIM, You Can!

What you will doPGIM Real Estate (PGIM RE) is one of the nation’s largest full-service commercial real estate lenders. PGIM RE originates a wide variety of commercial mortgage investments for Prudential’s General Account, investment management clients, and other third-party capital sources (such as Fannie Mae, Freddie Mac, FHA, CMBS or other institutional investors).PGIM RE is seeking a Commercial Real Estate Loan Closer to assist with coordination of timely and accurate handling of a FNMA/FMAC and/or FHA loan closings in accordance with established department and government policies and regulations.

This position can be located in one of PGIM Real Estate’s office locations, including:
Arlington, Chicago, Dallas, Atlanta, or Newark.

What you can expect

Interface 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.

Manage and communicate transaction timelines to internal and external partners to verify all appropriate deadlines are being met.

Perform pre- and post-closing functions including managing closing checklist to ensure that closing counsel has received all required documents to review and close the loan. Perform review of draft loan documents prior to initial closing to verify accuracy of terms in documents prior to initial closing and delivery of GNMA security.

Responsible for preparing loan closing packages for securitization and delivery to investors.

Transmit loan and pool information to servicing, asset management, accounting, and investor reporting departments.

Prepare loan settlement statements. Works directly with escrow agent to complete final disbursement procedures.

Prepare initial draws and reviews funding schedules as necessary for construction transactions.

Provide approval prior to rate lock.

Work with servicing and asset management staff to resolve issues and improve processes.

Update internal systems to ensure that appropriate internal reporting data reflects current information for the transaction.

Keep management and other parties informed of potential problems or delays and make recommendations.

What you will bring3 or more years of FHA and/or FNMA/FMAC closing experience.

FHA construction loan experience a plus along with the willingness to learn and develop expertise across product types.

Knowledge of all FHA and/or FNMA/FMAC Loan Programs (including construction programs), Mortgage Loan Documents, Closing Requirements, and applicable Servicing Requirements.

Excellent written and verbal communication skills.

Strong organizational skills with the ability to multi-task and work independently in a time sensitive environment where meeting established deadlines are critical.

Ability to understand and interpret legal contracts.

Strong interpersonal/customer service skills are essential with the ability to create/build and maintain relationships with internal and external parties.

Personal Computer Skills (Advanced Excel, Access, Word, Microsoft Packages).Self-motivation and detail orientation.

Ability for occasional travel as needed.

PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

Note:

Prudential is…