Loan Closing Analyst

Job ID

183626

Posted

27-Sep-2024

Service line

Advisory Segment

Role type

Full-time

Areas of Interest

Loan Servicing

Location(s)

Toronto - Ontario - Canada

About the Team

CBRE Capital (Canada) Inc. is a growing business within the largest Commercial Real Estate Company in the world. As the only commercial real estate brokerage in Canada, to also be an approved CMHC Lender, the opportunities for growth of the Multifamily and Conventional Debt business for CBRE Capital is tremendous. This team will be responsible for closing, funding, and servicing all of the ocmmercial real estate loans funded by CBRE Capital throughout Canada.

About the Role

Reporting to the national Loan Closing Manager, responsible for assisting in the closing of loans, including direct CMHC construction and term loans, brokered CMHC construction and term loans, conventional multi-housing loans, and conventional commercial loans. Additionally, the Loan Closing Analyst will be responsible for reviewing, documenting and recommending construction draws and conversion to term loans. The Loan Closing Analyst will provide assistance in the loan administration of loans originated and/or serviced by CBRE Capital (Canada) Inc., and will assist in insuring that all regulations are complied with in connection with CBRE Capital (Canada) Inc.’s loan brokerage, lending and administration business lines.

What You’ll Do

• Ensure compliance with CMHC and investor requirements prior to loan closing/funding.

• Assist in negotiating loan documents, loan term sheets & loan commitments on behalf of company.

• Review title and survey prior to loan closing as necessary.

• Coordinate loan document preparation with outside counsel.

• Prepare and review closing numbers.

• Coordinate loan fundings with Investors, as appropriate.

• Complete annual reviews to monitor compliance with loan conditions.

• Serve as quality control specialist for the company’s CMHC business.

• Assist loan producers with underwriting, processing and legal questions and issues.

• Manage construction draws, reviewing project monitor reports and monitoring loan conditions.

• Monitor that the company is in compliance with lender’s underwriting and closing requirements.

What You’ll Need

• Bachelor's Degree preferred with 3 - 5 years of relevant experience. In lieu of a degree, a combination of experience and education will be considered.

• Intermediate to advanced understanding of the mortgage banking industry, with an emphasis on the loan closing and funding areas.

• Ability to lead the exchange of sensitive, complicated, and difficult information, convey performance expectations and handle problems.

• In-depth knowledge of Microsoft Office products, including Word, Excel, and Outlook.

• Extensive organizational skills and an advanced inquisitive mindset.

• Intermediate mortgage/finance mathematics skills (P&I calculation, amortization, etc), including the ability to calculate complicated figures such as percentages, fractions, and other finance-related calculations.

Applicants must be currently authorized to work in Canada without the need for visa sponsorship now or in the future

CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)