[Hiring] Senior Closer @Merchants Capital Corporation

Role Description

The Senior Closer, GSE is responsible for managing and executing complex multifamily mortgage loan transactions through all phases of the closing lifecycle, including:

• Onboarding
• Commitment issuance
• Rate lock
• Closing
• Funding
• Delivery
• Purchase/settlement

This role serves as the primary coordinator for internal and external stakeholders, ensuring timely, accurate, and compliant execution of Fannie Mae and Freddie Mac transactions. The Senior Closer partners closely with:

• Originations
• Underwriting
• Legal
• Servicing
• Asset Management
• Borrowers
• Counsel
• Title companies
• Agency representatives

Key responsibilities include:

• Deliver successful execution of complex Fannie Mae and Freddie Mac transactions.
• Anticipate and resolve transaction challenges.
• Balance business objectives with agency requirements.
• Provide confident guidance to stakeholders throughout the transaction lifecycle.
• Establish credibility as a trusted resource for agency execution.
• Support the continued development of the closing platform through mentorship and operational improvements.

Qualifications

• Bachelor's degree in Finance, Real Estate, Business, Accounting, or a related field preferred.
• Minimum of five (5) years of experience in commercial real estate lending, agency multifamily loan closings, transaction management, underwriting, legal coordination, or a related discipline.
• Comprehensive knowledge of Fannie Mae DUS, Freddie Mac Program Plus, Freddie Mac TAH, TEL, M.TEB, and other agency multifamily lending products preferred.
• Exceptional organizational, analytical, and problem-solving skills.
• Ability to independently assess transaction risks and develop practical solutions.
• Strong written and verbal communication skills.
• Demonstrated ability to build relationships and facilitate collaboration.
• Proficiency with Microsoft Office Suite and experience with Salesforce and transaction management platforms preferred.
• High attention to detail and ability to perform effectively in a fast-paced environment.

Requirements

• Manage a portfolio of multifamily loan transactions from onboarding to funding and final settlement/purchase.
• Monitor and apply current Agency guidance and program requirements.
• Responsible for managing the closing process for external and internal business partners.
• Engage and manage external legal counsel throughout the transaction lifecycle.
• Review each application and underwriting package to confirm transaction structure.
• Manage feedback to agency commitments and prepare lender commitments.
• Collaborate closely with various internal teams and agency partners to resolve transaction issues.
• Independently analyze complex information for real estate tax and insurance escrow analysis.
• Prepare, review, and/or account reconciliations and related closing documentation.
• Review Title Company Settlement Statements for accuracy and compliance.
• Coordinate loan fundings, wire approvals, and disbursement activities.
• Verify all underwriting, legal, and closing conditions are satisfied prior to rate lock and funding.
• Oversee delivery submissions to Fannie Mae and Freddie Mac.
• Demonstrate strong experience with non-standard transactions and affordable products.
• Maintain transaction records, closing schedules, and agency delivery tracking tools.
• Identify operational efficiencies and contribute to departmental projects.

Benefits

• 401(k) employer contributions
• Employee stock ownership plan (ESOP)
• Medical, dental, and vision insurance
• Various types of leaves of absence, including paid time off and paid holidays
• Short-term and long-term disability
• Health savings accounts (HSAs) and flexible spending accounts (FSAs)
• Dependent care and commuter reimbursement accounts
• Employee and dependent life insurance and supplemental life and AD&D insurance
• Telehealth and optional ancillary insurance policies
• Education assistance and employee assistance program

Company Description

With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners.