Closing Officer

2 weeks ago


Richmond Hill, Ontario, Canada Vaco Full time

About the Opportunity

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  • Preparation and negotiation of letters of intent/commitment, ensuring compliance with credit requirements
  • Negotiation and assistance with drafting of loan documents, including intercreditor and syndication documents, postponement and priority agreements, and other related legal documents.
  • Engagement of service providers for property and legal due diligence
  • Preparation of introductory letters to borrowers, including checklists and due diligence documents
  • Review of tenant estoppel and related documents
  • Support to borrowers and originators/underwriters through requests for information and documentation regarding loan file closings
  • Collaboration with borrowers on mortgage loan closures
  • Facilitation of loan closing files with third-party service providers
  • Review of loan documents and legal due diligence packages
  • Receipt and forwarding of insurance policies for review by an insurance consultant
  • Completion of anti-money laundering due diligence and documentation
  • Coordination with underwriting and origination teams to ensure loan due diligence is completed in preparation for closing
  • Review of closing documents and provision of instructions to legal counsel in negotiations of loan documents
  • Verification that conditions are cleared to close, reviewing documentation as necessary
  • Preparation and balancing of closing numbers, requisitioning funds, and arrangement of funding wires
  • Reconciliation of mortgage loan files
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About You

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  • Minimum 2+ years of experience working closely with commercial mortgages with a lender or law firm
  • Ability to work independently and manage multiple priorities
  • Capacity to handle heavy workloads
  • Extremely organized
  • Client-service mindset
  • Strong individual contributor and willingness to support and work within the team
  • Computer skills in Microsoft suite
  • BASIC accounting knowledge
  • Knowledge of syndicated loans and FSRA disclosure requirements considered an asset
  • Knowledge of inter-creditor agreements and understanding of priority clauses considered an asset
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Salary: $65,000 - $75,000 per year


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