Multifamily Agency Closer
About the Role
The Transaction Manager coordinates and manages multifamily loan transactions from application through rate lock, closing, funding, and post-closing delivery. This role oversees Fannie Mae, Freddie Mac, and Bridge loan transactions, ensuring compliance with investor, agency, warehouse, regulatory, and company requirements. The position demands strong attention to detail, organization, communication, and the ability to manage a high-volume workload under tight deadlines.
Responsibilities
- Manage multifamily loan transactions from application through rate lock, closing, funding, and post-closing delivery for Fannie Mae, Freddie Mac, Bridge, and other lending products.
- Prepare and issue loan commitments and coordinate activities to clear transactions for rate lock and closing.
- Coordinate with borrowers, counsel, title companies, warehouse lenders, custodians, agency partners, and internal departments throughout the transaction lifecycle.
- Prepare, review, and approve lender statements, escrow analyses, settlement statements, accounting reconciliations, and detailed sources and uses summaries.
- Prepare warehouse funding packages and coordinate funding activities, including wire approvals and funding authorizations.
- Review final loan documentation and facilitate resolution of outstanding closing and post-closing issues.
- Ensure required documents and deliverables are accurately maintained within company systems and delivered within established deadlines.
- Support Fannie Mae C&D and other agency delivery requirements in coordination with the C&D Lead and Post-Closing teams.
- Maintain transaction records, closing schedules, status reports, and pipeline tracking tools.
- Identify transaction risks and proactively drive issue resolution while balancing business objectives and risk management considerations.
- Participate in departmental initiatives, process improvements, training, and special projects as assigned.
Requirements
- Bachelor’s degree required.
- Minimum 5 years of commercial real estate lending, transaction management, loan closing, post-closing, underwriting, or related experience.
- Working knowledge of Fannie Mae, Freddie Mac, bridge lending, warehouse lending, and commercial real estate loan documentation.
- Experience with Fannie Mae C&D, DocWay, Hyperion, MIDAS, or similar loan origination, delivery, and document management systems preferred.
- Excellent written and verbal communication skills with the ability to interact effectively with clients, business partners, and all levels of management.
- Strong analytical, problem-solving, critical-thinking, and decision-making skills, including balancing business objectives with prudent risk management.
- Strong organizational, prioritization, and time-management skills to manage multiple transactions and deadlines in a fast-paced environment.
- Demonstrated ability to influence, negotiate, and build strong internal and external relationships.
- Self-motivated team player with high attention to detail, strong initiative, and the ability to work independently while contributing effectively within a collaborative team environment.
- Ability to think strategically, drive issue resolution, and identify process improvement opportunities.
- Proficiency in Microsoft Office Suite (Outlook, Excel, Word, PowerPoint) and Adobe Acrobat/PDF applications.
- Notary Public and familiarity with commercial real estate lending documents are a plus.
Pay
Annual base salary gross: $95,000 - $120,000 (NY only). The base salary range represents the estimated low and high end of the salary for this position based on geography. Actual base salaries will vary and will be based on various factors, such as candidate’s qualifications, skills, competencies, and proficiency for the role. The base pay is one component of the total compensation package, which also includes cash bonuses, long-term incentives, health insurance, accident and life insurance, and retirement benefits.
Benefits
- You Time: Competitive vacation policy, floating personal holidays, extensive leave options, and annual observed holidays.
- Family Care: Infertility coverage, adoption support, child and elder care, fully paid maternity leave, and generous parental leave benefits.
- Flexible Work Arrangements: Hybrid working model with a 3-day in-office minimum requirement.