New Jersey Housing and Mortgage Finance Agency
Location
Trenton, NJ | United States
Job description
Paralegal I
Department: Loan Closings
Description
NOTICE OF VACANCY
THE EXECUTIVE DIRECTOR OF THE NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY INVITES APPLICATIONS FROM QUALIFIED CANDIDATES FOR THE FOLLOWING:
Job Title:
Paralegal I
Issue Date:
1/25/2024
Salary Range:
PR9 (50,078.78 - $70,473.23)
Closing Date:
3/30/2024
Division:
Loan Closings
Union Status:
Professional Unit
FL Status:
Exempt
Employment Status:
Full-Time
JOB DESCRIPTION
Under supervision, perform a variety of assignments related to title review and real estate loan closings; analyze and rectify title problems; perform research, investigate facts and prepare real estate documents; perform general research to assist attorneys regarding legal issues affecting Agency. Work as a Senior Paralegal will include assisting staff with complex project legal or policy issues, working on complex loan transactions and monitoring particular loan programs. Performing assignments related to various legal matters. Perform related duties as required.
JOB DUTIES AND RESPONSIBILITIES
Perform real estate loan closings for Multifamily projects under loan programs approved by HMFA, including but not limited to review of commitment and title work, preparation and negotiation of Agency loan documents, resolution of impediments to closing and conducting of loan closing.
Update and revise closing checklists on a “real-time basis” and coordinate loan closings with Agency Staff, outside counsel, title companies and the Attorney General’s office.
Prepare and review loan closing documents including but not limited to mortgages, notes, deed restrictions, UCC-1 financing statements, assignments of leases and mortgage modification agreements.
Perform sales closings for transfers of ownership of HMFA-financed projects in accordance with Agency regulations.
Perform research, provide responses to public information requests draft memoranda, and prepare documents in connection with workout plans for troubled projects or in connection with research or special projects.
Prepare estoppel letters when requested by borrowers or their lenders.
Attend meetings within the Agency and participate on conference calls related to Agency projects.
Attend seminars and training on new Agency programs as they arise, including CDBG and on developments in the law regarding real estate issues.
Perform related duties as required and complete special projects as assigned by the Director and/or Manager.
Assist staff on Agency regulations, policies, programs and closing procedures. Assist staff with complex project legal or policy issues, and complex loan transactions.
Monitor loan programs and provide Director with accurate and complete information within the time frame needed for necessary action.
Identify and resolve title and complex real estate and loan issues in coordination with Agency staff, outside developers and their counsel.
Prepare or revise documents, policies and procedures as necessary in connection with complex loan programs, including but not limited to CDBG and conduit bonds as requested by the Director.
Attend Agency meetings on substantive and policy issues as requested by the Director. Perform related duties as requested by Management.
MINIMUM REQUIREMENTS
EDUCATION/EXPERIENCE:
Paralegal I (Range 9) Two (2) year college degree from an accredited college or university; five (5) years of relevant experience; or an equivalent combination of education and experience that meets the required knowledge, skills and abilities. Carries out routine assignments requiring the application of clear and well-established methods, practices and techniques, under supervisory instructions on objectives, limitations, priorities and deadlines, and is subject to supervisory progress checks and close review of completed work. Collects, verifies, compiles, and summarizes data or information, processes routine actions, and assists higher-level positions in more complex activities. Expected to handle loan closings from commitment through closing under various Agency programs.
Physical Demands Non-physical
Working Conditions General office environment
Certificates & Licenses Required Paralegal Certification preferred.No later than the six month anniversary of the employee's start date, Paralegals shall have obtained their notary public. Paralegal will be required to maintain his/her notary public.
SKILLS:
BENEFITS
NJHMFA provides a comprehensive benefit package which includes:
Medical, prescription, dental, vision & long term disability
FSA & HSA
Public Service Loan Forgiveness and Tuition Reimbursement
Public Employees' Retirement System (PERS)
Deferred compensation plans
Employee assistance services (EAS)
State employee discounts program
Paid personal, sick and vacation days
Paid holidays
Partial Telework
Residency in the State of New Jersey is required of all employees with an agency of the State in accordance with the New Jersey First Act, N.J.S.A. 52:14-7 (L. 2011, Chapter 70). Employees must comply with the “New Jersey First Act” which requires employees hired after September 1, 2011 to reside in New Jersey. Non-New Jersey resident employees must relocate to New Jersey within one year of their date of hire and provide proof of residency to Human Resources.
The NJHMFA is an Equal Opportunity Employer in compliance with all Federal, State and Local Regulations. NJHMFA provides equal employment opportunity to both individuals with veteran status and individuals with disabilities.
Must complete an Outside Activity Questionnaire (disclosure of outside office or employment) on an annual basis.
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