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Closing Coordinator

Posted May 6, 2022

EMCAP Lending
Cranston, RI
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About This Job

Closing Coordinator
Full TimeAdmin Support
Emerald Capital, Cranston, RI, US
TodayRequisition ID: 2385
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EMCAP is a private, ‘hard money’ lender specializing in asset based short-term, first mortgage bridge financing for all types of real estate investments. We lend on non-owner occupied investment properties as a solution to investors that require speed and execution not found in traditional lending.

Our borrowers include house fix and flippers, real estate developers, home builders, and commercial property owners. EMCAP Lending is the private lending affiliate of Procaccianti Companies. With over six decades of experience and more than $10 Billion of transactions under our belt, we know real estate – and we’ve made private real estate lending simple.

Job Summary:

Oversee all administrative aspects of loan closings from commitment to settlement including gathering of commitment letters, legal deposits, insurance binders, and any other pertinent information. Assist Loan Officers with ordering budget reviews from our inspectors and appraisals when necessary. The Closing Coordinator will support the Portfolio Administrator with pre and post-closing documents to verify the files are complete and accurate and manage the day-to-day closing process for all loans at EMCAP. Will also lead our weekly Operations Call to discuss loans in the closing process. Must be detail oriented and able to work on multiple deadline-driven tasks and be actively looking to improve our overall closing process.

Responsibilities:

  • Manage the loan closing from commitment letter to closing
  • Maintain communication with all involved in the transaction
  • Thrive in a fast-paced environment
  • Assist with reviewing files for completeness and accuracy
  • Assist with filing, scanning, copying, mailing and emailing
  • Take on tasks outside of your scope of work when requested

Skills:

  •  Detail oriented
  • Flexible
  • Advanced computer skills
  • Willingness to be a team player and provide feedback on ways to improve our process using best practices
  • Ability to receive instruction and take direction from others
  • Positive attitude
  • Must have excellent communication skills
  • Be open to learning new tasks to help the company and grow your knowledge base

Qualifications:

  • 3+ years of real estate transactions in banking, private lending, real estate sales, title/closing, or other
  • Minimum of an Associate’s Degree is preferred 
  • Must be able to work Monday-Friday, 8:30am to 5pm EST
  • Highly proficient with Microsoft Excel and Word
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About this Employer

EMCAP Lending

1140 Reservoir Avenue
Cranston, RI 02920

833-56EMCAP

Corporate Office

www.emcaplending.com

About the company

The current economic environment throughout New England is producing opportunities for construction companies, builders, and ‘fix & flip’ real estate investors. To capitalize in this highly competitive niche market, opportunistic investors and entrepreneurs need the ability to act quickly by securing financing in an accelerated timeframe; this is where highly regulated traditional lending institutions fall short.

In 2015, EMCAP (formerly Emerald Capital) was formed to provide time-sensitive, first mortgage bridge financing to real estate investors to fund purchases and renovations of non-owner occupied residential and commercial properties. Increased regulation of the banking industry has impeded conventional financing as an option for real estate investors in fast-moving and competitive real estate markets. EMCAP was created to fill this void.