Position Summary

Guggenheim Investments is seeking a Real Estate Loan Closer to join our team. This role plays a pivotal role in managing the loan closing process and is crucial in ensuring that all documentation is accurate, complete, and compliant with regulatory standards. This position reports to Manager of Asset and Entity Services within the Guggenheim Credit Services Holdings Business unit. The team currently provides administration and servicing oversight on transactions originated by Guggenheim Investments and its affiliates with asset classes including Private Structured Debt and Equity SPVs, CLOs, CMLs, Military Housing and Land Banking Assets. This role can be located in New York City, Chicago, or Santa Monica, full-time.

Responsibilities

Key Responsibilities:

• Communicate effectively with deal team, legal (internal and external), title companies and borrowers
• Amalgamate and review closing documentation set
• Oversee and maintain a closing checklist
• Escalate non receipt of pertinent closing documentation to deal team
• Review and get approval of closing fees and expenses
• Facilitate system booking and communicate potential delays
• Coordinate money movement on close from lenders to title/borrowers
• Review loan files to ensure completeness and escalate if issues
• Assist with Flow of Funds
• Develop and document processes and procedures relating to the closing of CMLs and Land Banking Loans
• Establish a checklist for closing deliverables for both loan types and any new RE loan types that are introduced in the future
• Create a pipeline for all expected and upcoming closings
• Confirm internal stakeholders are aligned with workflow and make amendments where needed
• Liaise with Internal Audit on any changes made
• Direction of execution of cash and securities transactions and funds flow
• Development of ongoing transaction procedures and assignment of responsibilities

Qualifications

Basic Qualifications

• Strong Real Estate Acumen and background
• Experience in commercial mortgages
• Excellent analytical and problem-solving skills; ability to structure creative solutions
• Works with a large degree of independence and collaborative on complex issues/situations
• Proficiency in Microsoft Office Suite
• Has a background of creating and improving procedures and creating efficiencies
• Able to review governing transaction documents and understand how to execute correctly on transactions
• Strong written and verbal communication skills and accuracy of work product
• Team oriented with ability to work well with diverse and geographically dispersed groups
• Sets and achieves individual and team goals
• Ability to multi-task across a robust pipeline of diverse investments in a detail-oriented and timely manner
• Bachelor's degree

Preferred Qualifications

• 6+ years of experience in Commercial Mortgage Loan Closing
• Understanding mortgage loan documentation and compliance requirements
• Prior experience with Land Banking transactions highly preferred

We are not seeking agency assistance with this role

Salary Range

Annual base salary between

$140,000.00-$160,000.00

The base salary range represents the low and high end of the anticipated base salary range for this position. Actual base salaries may vary depending on factors such as location and experience. The range listed reflects base salary only, and the total compensation package may include other components such as incentive compensation.