Transaction Closing Manager
Posted 2025-03-14
Remote, USA
Full-time
Immediate Start
SUMMARY: The Transaction Closing Manager supports and works independently with minimal supervision in coordination with producers, analysts, transaction managers, lenders, borrowers, outside legal counsel, title companies, surveyors, third party report providers (including, but not limited to, appraisers, engineers, zoning report providers, insurance agents and lien search firms) and other internal and external constituencies to assist the borrower with all aspects of a commercial mortgage loan transaction and to ensure a smooth transition of the loan from production to closing to servicing. Bellwether Enterprise (?BWE?) is a national, full-service commercial and multifamily mortgage banking company that puts people and communities first. We are a growing player in the local commercial real estate market, but our team is no stranger to the DC area. BWE was formerly known as Phillips Realty Capital ? a DC area commercial real estate fixture since 1933 that structures $2 billion in debt and equity transactions annually. We offer competitive pay, great benefits, and a collaborative culture. Our office previously won Washington Business Journal?s ?Best Places to Work? honoring the firm?s team of talented, hardworking employees who enjoy working together. RESPONSIBILITIES: Track, coordinate and handle the timely ordering, receipt, review, delivery and approval of third-party reports, including appraisals, environmental reports, surveys, title commitments, searches, flood certificates, engineering reports, and seismic reports, involving internal and external parties when necessary. Become familiar with, and support the establishment and maintenance of a database for, contacts and requirements of various lenders. Obtain, review and coordinate lender approval of insurance carried by the borrower. Prepare estoppels, SNDAs, and lease abstracts; review estoppels against the borrower's rent roll. Schedule and coordinate calls; draft and/or manage transaction submission and closing checklists to ensure all requirements are timely met as a condition to funding. Obtain all lender required due diligence from the borrower. Review lender required due diligence for accuracy and to identify and resolve potential issues prior to transmittal to lender. Prepare and transmit statement of Bellwether and third-party fees to the title company and borrower and review settlement statement for accuracy. Maintain organized and accurate transaction and due diligence files, and upload to central document management system in a timely and organized fashion. Take such other actions as necessary or desirable to ensure loans close, and to ensure a seamless transition to loan on-boarding and asset management. Assist with special projects on an as needed basis. QUALIFICATIONS: Certificate or Associate's Degree in Administrative Science or Paralegal Studies, or equivalent work experience. At least one year of experience with commercial mortgage loan transactions and closings. Strong computer literacy and working knowledge of Microsoft Office products. Ability to operate effectively both independently and in a team environment. Maturity and self-confidence to simultaneously handle a variety of assignments. Ability to work harmoniously with internal/external parties and clients. Self-motivated and detail-oriented with excellent organizational skills and drive to succeed. Ability to organize, direct and motivate others. Must possess judgment necessary to identify when issues and potential issues should be raised to internal and external parties. Strong oral and written communication skills. Ability to multi-task and manage time effectively. Excellent interpersonal, communication, problem-solving, and organization skills. DESIRED: Bachelor's Degree. Experience with life insurance companies. Familiarity with Salesforce or comparable customer relationship management platform. Strong self-starter and inquisitive. Entrepreneurial work ethic. Work from our Bethesda, MD office during regular business hours. This position is eligible to earn a base salary in the range of $75k to $125k annually depending on job-related factors such as level of experience and geographic location. We encourage you to explore the career opportunities we have available here at BWE! BWE is a national, full-service commercial and multifamily mortgage banking company that puts people and communities first. Our people are our greatest assets and create the work environment that makes BWE a place of growth, productivity, and ingenuity.
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