Commercial Mortgage Funder
Current• Conduct AML reviews and ensure transaction meets internal requirements. Involves sourcing equity, negative news searches, reviewing KYC on borrowers and equity partners for transactions conducted in North America.• Reviews new business summaries and underwriting transaction reports to addressareas of concern and asset management responsibilities.• Engages solicitor for new transactions and reviews draft legal security binder toensure accuracy.• Ensure condition precedents are met prior to preparing funding letter andsubsequent release of funds. Prepare funding letter calculating interest adjustmenthold back and other hold back amounts pertaining to the transaction.• Identify and track post-closing items as well as escalate risk issues when loan is indefault to take appropriate action. Track all expenses connected with loans andensure lender collects on said expenses.• Manage expectations of funding date and required due diligence betweenorigination, treasury, underwriting and syndicate loan sharing partners.• Analyze and process subsequent draw requests, liaising with syndicate loan sharingpartner to both sides have required information in order to fund subsequentadvances in a timely manner.
