PGIM Commercial Real Estate Loan Processor (Hybrid)

Commercial Real Estate Loan Processor

PGIM Real Estate (PGIM RE) is one of the nation's largest full-service commercial real estate lenders. PGIM RE originates a wide variety of commercial mortgage investments for Prudential's General Account, investment management clients, and other third-party capital sources (such as Fannie Mae, Freddie Mac, FHA, CMBS or other institutional investors).

The PGIM Real Estate Multifamily Agency Finance group is seeking an experienced Commercial Real Estate Loan Processor for its FHA lending platform. The position requires a very organized, detail-oriented candidate with excellent written and verbal communication skills. Position involves collecting and processing information for loans pursuant to the guidelines required by FHA. Familiarity and prior experience in support of FHA lending is required. Experience with Fannie Mae and Freddie Mac multifamily and other commercial mortgage loan programs would be considered a plus.

The role can be located in proximity to PGIM's major offices including Chicago, New York, Newark, Dallas, Atlanta, and Arlington, VA. Fully remote candidates may also be considered based on relevant experience and demonstrated ability to work within a comparable structure.

What you can expect:

• Serve as the primary contact with borrowers for administrative needs and data collection.
• Coordinate the delivery of due diligence materials to third party report providers.
• Utilize PGIM systems to manage and document the loan process throughout the life cycle of the loan.
• Provide support to the underwriting team and keep relevant parties including originators, closing officers, borrowers, legal counsel, and vendors informed of loan progress and status.
• Manage the receipt of necessary documentation during the loan process including maintaining a due diligence checklist and facilitating communication with PGIM Real Estate deal team members.
• Review due diligence materials for accuracy.
• Engage third party consultants and ensure timely receipt of the reports.
• Complete the initial review of credit reports, public record searches, judgments, etc.
• Assist with scheduling and preparation for Loan Committee meetings.
• Track all expenses for transaction and pay invoices.
• Manage and finalize all credit files.
• Assist in preparing, organizing, and delivering all necessary final documentation for delivery to FHA or other relevant Agencies.
• Manage and finalize all credit files.
• Manage and finalize all credit files.
• Support and/or develop expertise to support Fannie Mae or Freddie Mac processing work if business volume warrants.
• Participate in projects or business assignments on an ad hoc basis.

What you will bring:

• Previous commercial real estate experience and/or prior experience in a FHA Loan Processor role.
• Excellent verbal and written communication skills.
• Strong attention to detail.
• Superior organizational skills, including the ability to follow-up as needed.
• Ability to multi-task and manage multiple transactions simultaneously.
• Familiarity with Excel and other MS applications.
• Relevant work experience in the mortgage business.

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 $70,000 to $85,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits.