Responsible for the closing process of new loans and modification loans for the commercial mortgage loan portfolio including assisting with the workflow assignment 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.
Key contributor to improving processes, checklists, and procedures.
Assists Due Diligence with the audit process of servicers within targeted dates including proper review and documentation.
Assist in the training of new closing staff members and due diligence & origination as needed.
May take on new projects and tasks such as assisting with the FHLB pledge program.
Assist in the testing process for the annual upgrade of the mortgage loan system.
May perform other duties as assigned.
Reporting Relationships: Asset Class Senior Investment Professional (Head of Closing and Due Diligence)
Typical Skills and Experiences:
Education: Undergraduate degree in business, finance, or related field; paralegal experience preferred
Experience: Five or more years of related experience.
Knowledge, Abilities and Skills:
In depth knowledge of the various 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.
Ability to think creatively by doing more than just processing a request.
Ability to perform due diligence and research in connection with issues that arise.
Excellent written and communication skills and ability to negotiate issues.
Must be a self-starter, proactive, and demonstrate a high ability to learn on the fly.
Possess computer skills including Microsoft Word, Excel, Power Point, and other software as needed.
Ability to manage multiple tasks at one time.
Other criteria, including leadership skills, competencies and experiences may take precedence.
Staffing exceptions to the above must be approved by the hiring manager's leader and HR Business Partner.
Values: Regularly and consistently demonstrates Nationwide Values.
Job Conditions:
Overtime Eligibility: Not Eligible (Exempt)
Working Conditions: Normal office environment. Some travel may be required.
ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.
Credit Check: Due to the fiduciary accountabilities within this job, a valid credit check and/or
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 Investment Professional roles analyzes, documents, and prepares necessary information for the closing of complex commercial real estate transactions. The Investment Professional works closely with the CML origination team, correspondents, internal and external counsel, and cash administration. Responsibilities will also include data input, verification, and integrity in various databases.
This role also serves as a subject matter expert for databases, system upgrades and enhancements, reporting, and procedures.
Job Description
Nationwide · Ohio - Columbus, One Nationwide Plaza