Preparing and negotiating letters of intent/commitment letters in compliance with credit requirements
Understanding, negotiating, and assisting with drafting of loan documents including inter-creditor and syndication documents, postponement and priority agreements, and other related legal documents.
Engaging service providers to complete property and legal due diligence
Preparing introductory letters to borrowers with checklists and due diligence documents
Reviewing tenant estoppel and related documents
Providing support to borrowers and originators/underwriters by initiating requests for information and documentation concerning the closing of each loan file
Working closely with borrowers on closing their mortgage loan
Working with all third-party service providers to facilitate each loan closing file
Reviewing loan documents and legal due diligence packages
Receiving and forwarding insurance policies for review by insurance consultant
Completing anti-money laundering due diligence and documentation
Working with the underwriting and origination teams to ensure that loan due diligence has been completed in preparation for closing
Reviewing closing documents and providing instructions to legal counsel in negotiation of loan documents
Reviewing documentation to ensure that conditions are cleared to close
Preparing and balancing closing numbers, requisitioning funds and arranging funding wires
Reconciliation of mortgage loan files
About You
Minimum of 7+ years of experience working closely with commercial mortgages with a lender or a law firm
Ability to work independently and handle multiple priorities
Ability to handle a heavy workload at times
Extremely organized
A client-service mindset
Strong individual contributor and always open to support and work within the team
Must have computer skills in Microsoft suite
Basic accounting knowledge
Knowledge of syndicated loans and FSRA disclosure requirements is considered an asset
Knowledge of inter-creditor agreements and understanding priority clauses is considered an asset
Salary
$100 000- $120 000/yearHow to Apply
Click the “Apply Now” button and follow the instructions to submit your resume. Please note that we only accept documents in MS Word or Rich Text formats. When referencing this job, quote #421729.You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.
Expected salary
$100000 – 120000 per year
Location
Toronto, ON
Job date
Wed, 28 Aug 2024 03:36:35 GMT
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