Arbor’s Boston office has an immediate need for an Insurance Coordinator. This position will support the Loan Processing group and the main function of this position will be the establishment of documentation process for all insurance coverage required under Fannie Mae, HUD/FHA and other Arbor investor loan programs. These requirements include, but are not limited to:
- Property / casualty coverage
- Liability and umbrella / excess liability coverage
- Rent loss / business income interruption coverage
- Flood insurance coverage
- Wind / hail coverage
- Boiler insurance coverage
- Law & Ordinance coverage
- Terrorism insurance
Other job functions will include:
- The review of all transactional insurance documentation to ensure compliance with investor requirements.
- Working with external insurance brokers / agents as necessary to secure insurance documentation that meets investor requirements.
- The collection of final insurance Acords and paid premium invoices as necessary to facilitate Arbor’s loan closing functions.
- Written documentation of insurance waivers and/or variances from investor requirements as applicable for individual transactions.
Candidate must have 2 years work experience with insurance review / coordination in a bank or real estate lending environment, preferably in commercial / multifamily insurance and direct experience working with multiple transaction participants in order to achieve identified goals.
Applicants must be able to handle multiple tasks simultaneously and meet deadlines in a very fast paced environment while maintaining extreme attention to detail. Advanced knowledge of PC/desktop software (Microsoft-Excel and Word) applications is required. Some travel may also be required.
If you are interested in joining our team, send your resume and a cover letter to:
Arbor Commercial Mortgage LLC
Attn: Careers
333 Earle Ovington Boulevard
Suite 900
Uniondale, NY 11553
or email your resume
Arbor Commercial Mortgage, LLC and Arbor Realty Trust is an Equal
Opportunity Employer.
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