Skip to main content

Director, Loan Closings, PPM

Role Responsibilities
  • Lead and facilitate closing conference calls with correspondent closers and/or analysts and loan producers, borrowers, PPM’s outside counsel, and borrower’s counsel. Organize the collection of all due diligence items
  • Negotiate loan documents with the help of outside counsel to close loans in a timely and efficient fashion while responding to the needs of the MDs, Servicing, Insurance, and Portfolio Analytics teams
  • Ensure all loan documentation is complete and correct to perfect client’s lien on the collateral
  • Work with Servicing, Asset Management, and the MDs (as well as correspondents and outside counsel, if necessary) on any problem loans that develop over time within client portfolios
  • Work with the MDs on application or documentation matters (as well as outside counsel, if necessary).
  • Discuss funding and any closing nuances or issues with the Servicing group and others in the CREG with each deal
  • Input third-party contact information in PPMA’s loan servicing system, Precision
  • Collect, review, and maintain a file of various documents related to closing work, including but not limited to, hotel comfort letters, subordination, non-disturbance and attornment agreements (SNDAs), third-party report requirements, and vendor lists
  • Present and invite outside counsel to present at various CREG “Lunch and Learn” sessions devoted to the review of the CREG’s closing process, bankruptcy matters, third-party report requirements, major tenants, etc.
  • Proactively manage any issues between the Closing team and other CREG teams (Servicing, Insurance, Portfolio Analytics, Production/MDs)
Required Skills & Experience
  • Bachelor’s Degree, preferably in Real Estate or Finance
  • Juris Doctor from American Bar Association accredited law school
  • 5+ years of experience as an Attorney in the Commercial Real Estate Lending field, including direct experience in closing new Commercial Real Estate Debt Transactions
Desired Skills & Experience
  • Personable, agreeable, and possesses an ability to smooth over difficult interactions with loan borrowers to promote repeat business
  • Strong organizational and time management skills
  • Creative thinker with the ability and desire to take on new processes and procedures
  • Notary Public preferred
At PPM, we offer volunteer opportunities to get involved with a diverse network of peers and support the causes that are important to you. Your passion and talents can make a lasting impact on our organization and our community. Additionally, our employees go the extra mile every day and the benefits of working at PPM reflect our commitment to supporting and enhancing their personal and professional lives. The plans and programs listed below are offered in collaboration with our parent company.
  • Competitive salary and bonus
  • Medical, dental and vision coverage
  • 401k retirement plan with dollar-for-dollar matching contributions (up to 6% of salary)
  • Tuition and professional certification reimbursement
  • Paid parental leave
  • Adoption assistance
  • Holidays and paid time off
  • Paid time off to volunteer
  • Life insurance
  • Gift matching