Job Details

Legal Staff Paralegal in Charlotte, NC

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Company name

BB&T Corporation Company

Organization Type

In-House

Job Type

Legal Staff

Practice Area

Finance - Banking

Years of Experience

Min 2 yrs required

Location

USA Charlotte, NC

Date Last Verified

Aug 24,2018

Posted on

Mar 09,2018

133 hits

Profile

Loan Closing Analyst I The candidate will coordinate commercial mortgage loan closing and post closing activities for whole loan (life company) and structured transaction (Conduit and other Commercial Mortgage Backed Securities) investors. Manage commercial real estate loan closings (both Life Company and Conduit) interacting with lenders, borrowers, attorneys for both parties, and producers. Analyze lender's commitment to ensure satisfaction of commitment provisions and issue closing checklist with exhibits. Coordinate ordering all required third party reports with the production officer. Determine lender hazard insurance requirement. Review coverages submitted by the borrower's insurance agent to ensure they are in compliance with lender guidelines, appraisal, leases, and certified rent roll. Analyze terms and provisions of estoppels and subordination, non-disturbance and attornment agreements (SNDA'S) in comparison with the lease agreements and certified rent roll. Determine the acceptability of any forms not on standard lender forms. Oversee the execution of the SNDA's and determine leases of record. Send fully executed SNDA's to title company for recording. Review proposed drafts of special escrow agreements (i.e. tenant up fit and leasing commissions, rental achievement) paying particular attention to indemnification language and fees to the escrow agent. Calculate interim interest, tax and hazard insurance escrow deposits to be collected at closing. Ensure collection of origination fee at closing and, if required, prepare closing settlement statement. Review any settlement statement(s) prepared by the title company or borrower's attorney prior to closing. Prepare sources and uses statement for conduit transactions. Verify loan documentation for compliance with state statutes and commitment. Prepare loan set-up form. Provide periodic updates regarding the status of loan closings.

Qualification and Experience

The candidate must have Bachelor’s degree in business-related field, or equivalent education and related training and/or experience. Should have 2+ years paralegal/lending experience. Good communication skills is needed. Mortgage banking or commercial real estate experience is preferred.

Additional info

Ref: R0004271

Company info

Hiring Coordinator
BB&T Corporation Company
200 South College Street, 8th Floor
Charlotte, NC 28202