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Commercial Mortgage Loan Analyst

Company: ManhattanLife Assurance Company of America
Location: Houston
Posted on: August 7, 2022

Job Description:

Job DescriptionWhy Work for Us! ManhattanLife was founded in 1850, the Company's longevity makes it one of the oldest and most reliable health and life insurance companies in the country. Operating successfully for 172 years is a testimony to ManhattanLife's enduring history, and an indicator of the reliability of our future. ManhattanLife's headquarters are in Houston, TX and the company is continually growing with multiple office locations nation-wide. ManhattanLife offers attractive employee benefits starting day one, including immediate coverage under our health, dental and vision plans. We offer flexible schedules, including shortened hours on Fridays, free parking, company-wide events, and professional development and wellness programs.Scope and Purpose:As our Commercial Mortgage Loan Analyst, you will be managing the coordination, documentation and closing of commercial real estate loan investments throughout the US that meet the company's documentation and due diligence standards. Additionally, you will be responsible for the preparation of the standard loan documents to accurately reflect the terms of the transaction. Duties and Responsibilities:

  • Perform property and market level due diligence
  • Review real estate documents (leases, loan documents, appraisals, etc.) to determine if any issues exist and determine what could be a concern
  • Effectively communicate requirements and actively track the timely receipt of outstanding due diligence items to identify exceptions, analyze risk of exceptions, and coordinate resolution of issues or elevate as needed to meet closing timelines
  • Review title insurance commitments and exceptions to assure the loan is in first lien position and not subject to hidden defects or monetary encumbrances that may impact the security for the loan. Complete standard escrow instructions containing the permitted exceptions and required endorsements. Review surveys if applicable
  • Prepare and distribute tenant estoppel certificates and SNDA's if applicable. Review signed estoppels upon receipt to rental income used in to underwrite the loan to identify any exceptions and elevate for analysis as appropriate
  • Review borrower information documentation to ascertain the appropriate powers and designated parties permitted to execute documents on behalf of the entity. Select and prepare standard loan documentation to properly incorporate the approved terms and requirements of the loan
  • Review property and liability insurance and coordination corrections as needed
  • Execute funding process including the finalization and transmittal of final loan documents, calculation of funding wire, communication with escrow, system inputs, file organization, verification of document execution and wiring proceduresMinimum Qualifications:Bachelor's Degree in Real Estate, Finance, Accounting, or related discipline or an equivalent combination of education and experience. Knowledge, Skills and Abilities:
    • 2-5 years' experience in real estate or equivalent industry required
    • Self-motivated, team-oriented yet independent worker with strong time management skills to prioritize deadlines while managing multiple transactions at a time
    • Excellent organizational, interpersonal quantitative, writing, and communication skills; able to interface with top level executives.
    • Strong writing skills with ability to communicate analytical and marketing data effectively
    • Strong research, analytical, and problem-solving skills. Ability to analyze qualitative and quantitative information
    • Intermediate working knowledge of Microsoft Outlook, Excel, and Word
    • Database experience is a plus Professional Development:
      • Establish annual objectives for professional growth
      • Keep pace with developments in the discipline
      • Learn and apply technologies that support professional and personal growth
      • Participate in the evaluation process Physical DemandsThe physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may enable individuals with disabilities to perform essential functions. While performing the duties of this job, the employee is regularly required to stand; walk; use hands to finger, handle or feel objects, type, and use mouse; reach with hands and arms and talk and/or hear. The employee is required to sit for extended periods of time. Work EnvironmentThe work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. While performing the duties of this job, the employee regularly works in an office environment. This role routinely uses standard office equipment such as computers, phones via WebEx, physical phone while in office, and photocopiers when necessary. Travel Requirements This position may require light travel within a ten-mile radius from one office location to another as needed. Other DutiesPlease note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to the job at any time without notice. AAP/EEO StatementManhattanLife prohibits discrimination based on race, religion, gender, national origin, age, disability, veteran status, marital status, pregnancy, gender expression or identity, sexual orientation, or any other legally protected status. EOE Employer/Vet/Disabled

Keywords: ManhattanLife Assurance Company of America, Houston , Commercial Mortgage Loan Analyst, Professions , Houston, Texas

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