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Job Description
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CoStar Group (NASDAQ: CSGP) is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces. Included in the S&P 500 Index and the NASDAQ 100, CoStar Group is on a mission to digitize the world’s real estate, empowering all people to discover properties, insights and connections that improve their businesses and lives.
We have been living and breathing the world of real estate information and online marketplaces for over 35 years, giving us the perspective to create truly unique and valuable offerings to our customers. We’ve continually refined, transformed, and perfected our approach to our business, creating a language that has become standard in our industry, for our customers, and even our competitors. We continue that effort today and are always working to improve and drive innovation. This is how we deliver for our customers, our employees, and investors. By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate.
Ten-X Commercial, a CoStar Group Company, is the world's largest online commercial real estate marketplace, conducting more transactions via an online auction format than any other platform in the world. Ten-X recently surpassed $24 Billion in closed transactions, averaging between $2-3 Billion in closings each year since inception in 2009. Ten-X assists commercial owners and brokers in selling and closing transactions through worldwide marketing campaigns and a best in class process which provides transparency, efficiency and expedited selling and closing time frames. Learn more about Ten-X.
Working directly with sellers, buyers, brokers, and Ten-X cross-functional teams, the Closing Associate is responsible for delivering an efficient, scalable, and compliant process that helps our clients through the contracting and title aspects of CRE and note transactions on the Ten-X platform. While maintaining professional relationships with clients, the Closing Associate prepares and coordinates execution of purchase agreements and related documents, managing the transaction process from the time Ten-X is engaged (Marketing Agreement signature), until escrow is closed.
RESPONSIBILITIES
Analyze contracts to ensure compliance to company policy, government specifications and other requirements.
Prepare contract summaries for significant or high-profile deals. Including but not limited to all state specific agency documents, disclosures, and addendum requirements.
Reviewing seller purchase agreements or addenda for special provisions and required auction terms to ensure compatibility with the Ten-X platform.
Assist Legal to develop contracts processes and procedures and train company sales and operations team members.
Stay within company expected SLA and as defined per departmental task.
Analyzing title reports and coordinating with sellers and title companies to address problematic issues prior to auction.
Assembling and populating contract packages and all related forms / exhibits to prepare them for signature.
Managing progress across Ten-X cross functional teams to ensure all assigned CRE and note sales are ready for auction in advance of deadlines.
Coordinating with buyers, sellers, and escrow to obtain required signatures and confirmation of Earnest Money Deposit receipt by escrow.
Fully understand how to read and request updates on Estimated and Final ALTA Statements.
QUALIFICATIONS
A completed bachelor's degree from an accredited, not for profit university is essential.
Demonstration of commitment to prior employers.
3+ years of real estate transaction or title / escrow experience.
Working knowledge of real estate contracts, closing, and associated due diligence documents.
Ability to handle fast-paced transactions, meet deadlines, prioritize, multi-task, and cope well with change and maintain a strong attention to detail.
Understanding of real estate terminology such as type of leases.
Technical acumen and familiarity with all MS Office software including Word, Excel, PowerPoint, and SharePoint with energy, drive, enthusiasm, and a desire to obtain results.
PREFERRED QUALIFICATIONS
Solid background in contracts with the ability to draft form agreements and review, understand, synthesize, and communicate basic provisions from various types of contracts.
Ability to deal effectively with all employees and external business contacts while conveying a professional, positive, service-oriented attitude.
Detail oriented and strong organizational skills.
Ability to maintain complete confidentiality and discretion in business relationships and exercise sound business judgment.
Polished written, verbal, and interpersonal communication skills.
Strong organizational and records management skills.
Highly collaborative and capable of working with internal and external partners to facilitate successful results, with a genuine like of internal and external customer service.
Provide a proven track record of 100+ in files in pipeline.
Ability to stay on task.
Ability to review and update heavy volume of legal documents including but not limited to State Specific Purchase and Sale agreements/addendums/Closing statements/invoices/disclosures.
Previous experience as a Mortgage Closing Processor or Mortgage Funders who drew their own loan documents for multiple states.
WHATS IN IT FOR YOU
Working at CoStar Group means you'll enjoy a culture of collaboration and innovation that attracts the best and brightest across a broad range of disciplines. In addition to generous compensation and performance-based incentives, you'll be supported in both your professional and academic growth with internal training, tuition reimbursement, and an inter-office exchange program.
Our benefits package includes (but is not limited to):
Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug
Life, legal, and supplementary insurance
Commuter and parking benefits
401(K) retirement plan with matching contributions
Employee stock purchase plan
Paid time off
Tuition reimbursement
On-site fitness center and/or reimbursed fitness center membership costs (location dependent), with yoga studio, Pelotons, personal training, group exercise classes, as well as Segway’s and bikes available for use during the day
Be part of a team of professionals enjoying the opportunity to learn, do, and grow in a rewarding atmosphere. But don't just take our word for it -- see why our team chose to work at and stay at CoStar Group: https://www.youtube.com/watch?v=CVbJRnJ2sX0
We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply. However, please note that CoStar is not able to provide visa sponsorship for this position.
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CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing