Job description

Requirements

  • Entry level
  • No Education
  • Salary to negotiate
  • Arlington

Description

Commercial Real Estate Loan Processor (Arlington, VA or Chicago, IL)-FNM0004A
Description
 
PGIM Real Estate Finance (PGIM REF) is one of the nation's leading providers of commercial mortgages for multifamily, retail, office, industrial, and hotel properties. We offer one of the most comprehensive lines of real estate finance products including fixed-rate, floating-rate and bridge loans; Fannie Mae DUS™, Freddie Mac and FHA insured; and affordable housing financing. Prudential is structured to provide clients with one source for all commercial mortgage financing and servicing needs, giving the firm a competitive advantage in the marketplace.
 
Position Description
The PGIM REF Multifamily Agency Finance group is seeking a Commercial Real Estate Loan Processor.  The position requires a very organized, detail oriented candidate with excellent written and verbal communication skills.  Position involves collecting and processing information for loans pursuant to the guidelines required by Fannie Mae and Freddie Mac.  Familiarity with Fannie Mae and/or Freddie Mac multifamily and/or other commercial mortgage loan programs is a plus. The position will provide support to the underwriting team.  The position will also keep other parties including originators, closing officers, borrowers, legal counsel, vendors, etc., informed of a loan's progress and current status. This position can be located in either Arlington, VA or Chicago, IL.
 
The primary job responsibilities include, but are not limited to:
• Primary contact with client for checklist needs and data collection.
• Set up and participate in kick off calls, status updates and closing calls.
• Create initial checklists and monitor receipt of all documentation; send out weekly updated checklists.
• Coordinate delivery of due diligence materials to third party report providers.
• Establish and keep current a Contact List for each transaction.
• Provide personalized loan documentation forms for clients tailored to transaction specifics.
• Create/maintain electronic files and internal databases.
• Review due diligence materials for accuracy and alert team members immediately when issues are discovered.
• Provide Lender Counsel with requested documentation.
• Track all expenses for transaction and pay invoices.
• Assist in the preparation of loan committee submissions.
• Provide Lender Counsel with requested documentation.
• Manage deal flow between Underwriters, prioritizing daily tasks and identifying immediate needs.
• Manage and organize all due diligence files/documentation for upload to Agencies.
• Provide tax analysis to closing for escrow analysis.
• Assist closing in preparing and organizing all necessary final documentation.
Qualifications
 
 
• Relevant work experience in the mortgage business is preferred
• Strong verbal, written and telephonic communication
• Strong attention to detail
• Ability to manage workflow of multiple transactions and individuals
• Superior organizational and analytical skills with ability to multi-task
• Ability to work independently and successfully with others in a sometimes fast-paced environment
• Proficient in MS Office applications
• Aptitude for learning new software applications
• No College Degree Required; two-year Associates or four-year college degree a plus
 
Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race,

About the company

For over 140 years, Prudential Financial (NYSE:PRU) has helped people grow and protect their wealth. We offer individual and institutional clients a wide array of financial products and services. Today, we are one of the world’s largest financial services institutions. We have over $1 trillion of assets under management as of March 31st, 2017, and approximately $3.7 trillion of gross life insurance in force worldwide as of Dec. 31, 2016. We have operations in the United States, Asia, Europe and Latin America. We also have one of the most recognized and trusted brand symbols: The Rock® , an icon of strength, stability, expertise and innovation. We measure our long-term success on our ability to deliver value for shareholders, meet customer needs, attract and develop the best talent in our industry, offer an inclusive work environment where employees can develop to their full potential, and give back to the communities where we live and work. (Pru.us/disclaimer)

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