Legal Clerk

About the Opportunity

• Preparing and negotiating letters of intent / commitment letters in compliance with credit requirements
• Understanding, negotiating, and assisting with drafting of loan documents including intercreditor and syndication documents, postponement and priority agreements, and other related legal documents.
• Engaging service providers to complete property and legal due diligence
• Preparing introductory letters to borrowers with checklists and due diligence documents
• Reviewing tenant estoppel and related documents
• Providing support to borrowers and originators / underwriters by initiating requests for information and documentation concerning the closing of each loan file
• Working closely with borrowers on closing their mortgage loan
• Working with all third-party service providers to facilitate each loan closing file
• Reviewing loan documents and legal due diligence packages
• Receiving and forwarding insurance policies for review by insurance consultant
• Completing anti-money laundering due diligence and documentation
• Working with the underwriting and origination teams to ensure that loan due diligence has been completed in preparation for closing
• Reviewing closing documents and providing instructions to legal counsel in negotiation of loan documents
• Reviewing documentation to ensure that conditions are cleared to close
• Preparing and balancing closing numbers, requisitioning funds and arranging funding wires
• Reconciliation of mortgage loan files

About You

• Minimum of 2+ years of experience working closely with commercial mortgages with a lender or a law firm
• Ability to work independently and handle multiple priorities
• Ability to handle a heavy workload at times
• Extremely organized
• A client-service mindset
• Strong individual contributor and always open to support and work within the team
• Must have computer skills in Microsoft suite
• Basic accounting knowledge
• Knowledge of syndicated loans and FSRA disclosure requirements is considered an asset
• Knowledge of inter-creditor agreements and understanding priority clauses is considered an asset

Salary

$60 000 - $65 000 / year

How to Apply

Click the Apply Now button and follow the instructions to submit your resume. Please note that we only accept documents in MS Word or Rich Text formats.

When referencing this job, quote #421646 .

You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity.

A recruiter will be in touch with you if your profile meets our client’s requirements for this role.

Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.

EEO Notice

Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.

Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations.

If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and / or to receive other benefits and privileges of employment, please contact [email protected] .

Vaco also wants all applicants to know their rights that workplace discrimination is illegal .

By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity.

You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications.

You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application.

In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.

Privacy Notice

Vaco LLC and its parents, affiliates, and subsidiaries ( we, our, or Vaco ) respects your privacy and are committed to providing transparent notice of our policies.

• California residents may access Vaco’s HR Notice at Collection for California Applicants and Employees here .
• Virginia residents may access our state specific policies here .
• Residents of all other states may access our policies here .
• Canadian residents may access our policies in English here and in French here .
• Residents of countries governed by GDPR may access our policies here .

Pay Transparency Notice

Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to :

• the individual’s skill sets, experience and training;
• licensure and certification requirements;
• office location and other geographic considerations;
• other business and organizational needs.

With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure.

The individual may also be eligible for discretionary bonuses.