Job Classification:
Investment Management - Investments
A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE
As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world.
We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers!
If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today.
At PGIM, You Can!
What you will do
- Interfaces with internal and external parties, including loan originator, underwriter, mortgage broker, borrower, attorney, title company, security broker dealer, lender counsel, government employees, servicing and asset management personnel.
- Manages and communicates transaction timeline to internal and external partners to verify all appropriate deadlines are being met.
- Performs pre- and post-closing functions including managing closing checklist to ensure that closing counsel has received all required documents to close the loan. Performs review of draft loan documents prior to initial closing to verify accuracy of terms in documents prior to initial closing and delivery.
- Responsible for reviewing and entering loan closing data for securitization and delivery to investors.
- Transmits loan and pool information to servicing, asset management, accounting, and investor reporting departments.
- Transmits closing information to escrow agents and reviews Settlement Statements. Works directly with escrow agent to complete final disbursement procedures.
- Prepares loan commitments and manages the rate lock process.
- Works with servicing and asset management staff to resolve issues and improve processes.
- Updates internal systems to ensure that appropriate internal reporting data reflects current information for the transaction.
- Keeps management and other parties informed of potential problems or delays and makes recommendations.
What you will bring
- Prior closing experience, a minimum of 4 or more years of FNMA and FMAC experience required.
- Knowledge of all FNMA and FMAC Loan Programs, Mortgage Loan Documents, Closing Requirements, and applicable Servicing Requirements.
- Excellent written and verbal communication skills.
- Strong organizational skills with the ability to multi-task and work independently in a time sensitive environment where meeting established deadlines are critical.
- Ability to understand and interpret legal contracts.
- Strong interpersonal/customer service skills essential with the ability to create/build and maintain relationships with internal and external parties.
- Proficient in MS Office applications such as Excel, Access, Word and PowerPoint.
- Self-motivated and detail oriented.
- Ability to travel as needed.
- Ability to learn to close other Capital Sources, including FHA and PGIM’s Bridge Loan Products.
PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $100,000 to $125,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.
About PGIM Real Estate
With $207.9 billion in gross assets under management and administration ($133.8 billion net),1 PGIM Real Estate provides investors and borrowers access to a range of real estate equity, real estate debt, agriculture, and impact solutions across the risk-return spectrum.
PGIM Real Estate is a business of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU). PGIM Real Estate’s risk management approach, execution capabilities and industry insights are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing,2 and the local experience of professionals in 32 cities globally. Through its investment, financing, asset management, and talent management approach, PGIM Real Estate engages in practices that strive to ignite positive environmental and social impact, while pursuing activities that seek to strengthen communities around the world. For more information visit pgimrealestate.com.
What we offer you:
Market competitive base salaries, with a yearly bonus potential at every level.
Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
401(k) plan with company match (up to 4%).
Company-funded pension plan.
Wellness Programsincluding up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.
Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.
