PGIM Real Estate- Senior Closer

Job Classification:

Investment Management - Investments

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world.

We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers! 

If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today.

At PGIM, You Can!

What you will do

• Interfaces with internal and external parties, including loan originator, underwriter, mortgage broker, borrower, attorney, title company, security broker dealer, lender counsel, government employees, servicing and asset management personnel.
• Manages and communicates transaction timeline to internal and external partners to verify all appropriate deadlines are being met.
• Performs pre- and post-closing functions including managing closing checklist to ensure that closing counsel has received all required documents to close the loan. Performs review of draft loan documents prior to initial closing to verify accuracy of terms in documents prior to initial closing and delivery.
• Responsible for reviewing and entering loan closing data for securitization and delivery to investors.
• Transmits loan and pool information to servicing, asset management, accounting, and investor reporting departments.
• Transmits closing information to escrow agents and reviews Settlement Statements. Works directly with escrow agent to complete final disbursement procedures.
• Prepares loan commitments and manages the rate lock process.
• Works with servicing and asset management staff to resolve issues and improve processes.
• Updates internal systems to ensure that appropriate internal reporting data reflects current information for the transaction.
• Keeps management and other parties informed of potential problems or delays and makes recommendations.

What you will bring

• Prior closing experience, a minimum of 4 or more years of FNMA and FMAC experience required.
• Knowledge of all FNMA and FMAC Loan Programs, Mortgage Loan Documents, Closing Requirements, and applicable Servicing Requirements.
• Excellent written and verbal communication skills.
• Strong organizational skills with the ability to multi-task and work independently in a time sensitive environment where meeting established deadlines are critical.
• Ability to understand and interpret legal contracts.
• Strong interpersonal/customer service skills essential with the ability to create/build and maintain relationships with internal and external parties.
• Proficient in MS Office applications such as Excel, Access, Word and PowerPoint.
• Self-motivated and detail oriented.
• Ability to travel as needed.
• Ability to learn to close other Capital Sources, including FHA and PGIM’s Bridge Loan Products.

PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $100,000 to $125,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

About PGIM Real Estate

With $207.9 billion in gross assets under management and administration ($133.8 billion net),1 PGIM Real Estate provides investors and borrowers access to a range of real estate equity, real estate debt, agriculture, and impact solutions across the risk-return spectrum.

PGIM Real Estate is a business of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU). PGIM Real Estate’s risk management approach, execution capabilities and industry insights are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing,2 and the local experience of professionals in 32 cities globally. Through its investment