Who We Are:
Based in New Jersey and established in 2010, Asset Based Lending, LLC (“ABL”) is one of the nation’s leading Hard Money Lenders. We provide fast bridge financing to real estate investors for the purchase, renovation, or new construction of single family, multi-family and mixed-use properties as well as DSCR rental loans for long term investors. We have closed thousands of loans since we began lending fourteen years ago, producing more than $2B in originations. ABL was acquired by a private equity firm in 2021, and with a renewed focus on growth, we’ve set our sights on consistent evolution and cementing our place as the premier private lender in the country.
Our Mission is Simple:
- Make Good Loans
- Provide Exceptional Service, Every Time
- Protect The Firm
- Build The Future
Job Summary: Paralegal - Commercial Real Estate Lending
Asset Based Lending, a prominent hard money lender specializing in commercial real estate, is seeking an experienced Paralegal with 5+ years of expertise in commercial loan closings to provide vital support to our General Counsel. In this role, you will play a crucial part in managing and closing commercial real estate loans and ensuring compliance with federal and state regulations. Your extensive experience in commercial loan closings, title work, corporate entity review, and willingness and ability to learn and implement new information will be instrumental in facilitating smooth and efficient operations for the company.
Responsibilities:
- Commercial Loan Expertise: Utilize your deep knowledge and experience in commercial loan closings to draft, review, assemble, and deliver legal documents related to real estate transactions, including promissory notes, mortgages, deeds of trust, loan agreements, and other critical documents for accuracy and completeness.
- Closing Process: Assist in coordinating commercial mortgage closings, clearing title and compliance with all relevant laws and regulations.
- Compliance: Work closely with the General Counsel to conduct due diligence and ensure compliance with state and federal laws governing mortgage lending, such as Regulation B of the Equal Credit Opportunty Act, Dodd-Frank Act (Section 1071), and Home Mortgage Disclosure Act (HMDA).
- Loan File Management: Maintain and update loan files to ensure ongoing compliance with regulatory requirements and internal policies.
- Communication: Collaborate effectively with clients, lenders, title companies, and other stakeholders to facilitate a seamless closing process.
- Legal Support: Provide comprehensive legal support to the General Counsel and assist in the provision of loan documentation as collateral for Master Agreements with warehouse lenders and loan buyers, with a specific focus on commercial lending.
- Compliance Reporting: Assist in compliance management by monitoring and maintaining compliance policies, reporting requirements associated with the Home Mortgage Disclosure Act (HMDA), Regulation B, and other regulatory obligations.
Qualifications:
- Experience: 5+ years of paralegal experience, with a strong background in commercial real estate lending, and a particular emphasis on commercial loan closings.
- Knowledge: In-depth knowledge of loan policy title review, survey, closing documents, and loan closing procedures.
- Detail-Oriented: Strong attention to detail and impeccable organizational skills to manage and deliver complex legal documentation.
- Communication: Excellent communication skills to interact effectively with internal teams, clients, and external stakeholders.
- Independence: Self-motivated and capable of working independently with minimal supervision.
- Team Player: Collaborative mindset, supporting a culture of accountability, teamwork, and communication, with an ownership mentality.
- Adaptability: Ability to thrive in a fast-paced environment, managing multiple tasks and deadlines simultaneously.
- Technology: Proficiency in Microsoft Office and familiarity with software commonly used in the mortgage industry, and willing to adapt to new technologies.
This is an exceptional opportunity for an experienced paralegal with a strong commercial lending background to contribute their skills and knowledge to a dynamic legal team in the commercial real estate industry. Alongside competitive compensation, Asset Based Lending offers comprehensive benefits and the chance for professional growth and development.
