PGIM Real Estate | FHA Loan Closer

Job Classification:
Investment Management - Investments

PGIM Real Estate | FHA Loan Closer

PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.4 trillion in assets under management, and 38 offices spanning 16 countries, PGIM is among the world’s top-10 largest asset managers. Comprised of seven self-governing asset management divisions, each PGIM business offers a distinct workplace culture that aligns with the firm’s ultimate objective: to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect and equality.

Our Business:

As one of the largest real estate managers in the world with more than $180 billion in gross assets under management and administration, PGIM Real Estate strives to deliver exceptional outcomes for investors and borrowers through a range of real estate equity and debt solutions across the risk-return spectrum. Our scope of insights, rigorous risk management and seamless execution are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing and the deep local expertise of professionals in 32 cities globally.

Through our investment, financing, asset management and talent management approach, we engage in practices that ignite positive environmental and social impact, while pursuing activities that strengthen communities around the world. When you join our team, you’ll find yourself inspired by an inclusive company culture that believes that diversity of all kinds allows us to develop better and more innovative solutions for our clients.

Our Role:

We are looking for an astute, determined professional like you to fulfill a Loan Closer role within our FHA business. You will showcase your success through collaboration, ownership and innovation. Your expertise in emerging trends and practices will evoke stimulating discussions around optimization and change to help keep our competitive edge. This position is responsible for coordinating the timeline and accurate handling of FHA loan closings in accordance with established department and government policies and regulations; FHA construction loan experience is a plus. This position can be located in any one of the following locations: Arlington, VA; Dallas, TX; St. Louis, MO; Cleveland, OH; or Chicago, IL.

Job Responsibilities:
  • 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 of GNMA security.
  • Willingness and ability to expand skillset to include closing other capital sources, including FNMA, FMAC and PGIM’s Bridge Loan Products.
  • Responsible for preparing loan closing packages for securitization and delivery to investors.
  • Transmits loan and pool information to servicing, asset management, accounting, and investor reporting departments.
  • Prepares loan settlement statements. Works directly with escrow agent to complete final disbursement procedures.
  • Prepares initial draws and reviews funding schedules as necessary for construction transactions.
  • Provides approval prior to rate lock.
  • 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.

Qualifications:
  • Prior closing experience required, a minimum of 3 or more years direct FHA experience strongly preferred.
  • Knowledge of all FHA Loan Programs (including construction 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-motivation and detail orientation.
  • Ability to travel as needed.

Our Culture:

Prudential Financial, Inc. is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference·we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career and their future. We encourage employees to hone their skills and explore continuedopportunities within Prudential.
-

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please call (800) 433-8960, prompt 4 or email accommodation.h&w@prudential.com.

Please note that the above number and email are solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers@prudential.com to request assistance.

Arlington, Virginia, United States of America

R-103717