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

Benefits

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

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

Benefits

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