Responsible for the closing process of new loans and modification loans for the commercial mortgage loan portfolio including coordinating the workflow among the closing staff.
Coordinates functions between the borrower, correspondent, counsel, and REI staff to get the loan funded or modified by the targeted date.
Determine proper documentation and review loan documents for accuracy prior to closing to assure that they are in agreement with the application.
Reviews leases, estoppels, insurance, third party reports, etc, to make sure that the terms/provisions of the documents are acceptable to Nationwide.
Participate on calls, in meetings and through emails in connection with the closing of each assigned loan.
Make appropriate updates to databases in a timely manner for the new loan or reflect the changes of the modified loan.
Finalize all documentation within a reasonable period of time after closing.
Evaluate the work of the correspondent's closing staff and provide feedback.
Oversees improvements to processes, checklists, and procedures.
Assists Due Diligence with the audit process of servicers within targeted dates including providing proper review and documentation.
Manages the process for updating the standard loan documents and works closely with internal counsel.
Subject matter expert for the REI and assists with loan application & complex loan document negotiations, complex loan due diligence items, and insurance reviews.
Manages the network of regional counsel and third-party vendors including the selection process and ongoing review of each.
Trains new closing staff members and assists with due diligence & origination.
Assist in the testing process for the annual upgrade of the mortgage loan system.
May perform other duties as assigned from leadership with REI and or OOI.
Reporting Relationships: Asset Class Senior Investment Professional (Head of Closing and Due Diligence) or Head of Originations
Experience: 10 or more years of related experience.
Knowledge, Abilities and Skills:
Advanced knowledge of the various loan documents related to commercial real estate and the purpose of those documents.
Solid understanding of basic mathematical calculations, including NOI, DSC, & LTV.
Very high degree of accuracy and attention to detail.
Solid interpersonal and negotiation skills are necessary for working with borrowers/partners and internal/external clients.
Must be a self-starter, proactive, and an ability to learn on the fly.
Possess computer skills including Microsoft Word, Excel, Power Point, and other software as needed.
Diligent organizational and record keeping skills are needed for successful portfolio management and proce
Benefits
Vision insuranceRemote work options
Additional Information
As a team member in Finance at Nationwide, a Fortune 100 company with nearly $70 billion in annual sales, the opportunities are endless! Let Nationwide help create your career journey! At Nationwide®, "on your side" goes beyond just words. Our customers are at the center of everything we do and we're looking for associates who are passionate about delivering extraordinary care.
The hired associate must reside within 35 miles of the following location(s):
Columbus: One Nationwide Plaza, Columbus OH, 43215
Work schedule: 3 days in office, 2 days remote with flexibility to be in office 4 days.
This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program.
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Job Description Summary
Nationwide's vision is to be the most trusted, most caring and most customer-focused protection company. We exist to protect people, businesses, and futures with extraordinary care. The Nationwide Investments team manages approximately $130 billion and strives to combine client focus, investment discipline and teamwork to deliver superior results.
The Senior Investment Professional role analyzes, documents, and prepares necessary information for the closing of complex commercial real estate transactions. The Senior Investment Professional role also administers, supports and coordinates closing of real estate investments with the CML origination team, correspondents, internal and external counsel, cash administration.
This role serves as a subject matter expert for real estate transactions and is leveraged by all areas within REI. As a potential people leader, this role may also be responsible for the overall performance of the team, as well as management of individual associates. We value our associates by providing a collaborative environment, setting clear expectations, and providing the necessary feedback to develop and motivate associates to perform at a high level. Focus is on development of associate technical and behavioral skills, innovation, and career development.
(May be an individual contributor recognized at the highest level of technical expertise)
Job Description
Nationwide · Ohio - Columbus, One Nationwide Plaza