Loan Closing/Funding Analyst

Redwood Trust•Irvine, CA

About The Position

CoreVest is the leading private lender to residential real estate investors nationwide. CoreVest provides long-term loans for portfolios of rental properties. The Closing Analyst will be responsible for coordinating the long-term loan processing and funding, as well as interfacing with vendors, borrower teams and other third parties on diligence, processing and closing related activities.

Requirements

Bachelor’s degree with a major related to Finance, Economics or Real Estate preferred
Minimum of three years of processing and/or closing/funding
Experience in commercial lending—single family rental, multifamily, bridge (fix and flip), ground up and/or new construction lending a plus
Escrow and title experience a plus
Customer focused mindset with excellent interpersonal, written, and verbal communication skills
Proficient Word, PowerPoint and Excel skills
Experience in Salesforce
Strong attention to detail and organizational skills

Nice To Haves

TRID knowledge is preferred
Experience in commercial lending—single family rental, multifamily, bridge (fix and flip), ground up and/or new construction lending a plus
Escrow and title experience a plus

Responsibilities

Assist in the loan processing and closing process for commercial debt financing transactions backed by single family rentals (SFR) and multi-family rental portfolios
Conduct analysis and prepare reserves related to taxes and insurances, prepare schedule of lender costs, review settlement statements and/or Closing Disclosure (TRID knowledge is preferred) prepared by escrow, review deeds, commitments and address issues related to title issues
Work with legal counsel, title and escrow, insurance, deal team and third parties to coordinate the kick-off, bank account set-up, title review, finalize insurance, document preparation, loan signing, funding, and closing processes
Work with management team in developing policies and procedures related to the processing and closing related to term loans
Interface with borrowers to compile required data and information, and resolve diligence related issues while mitigating risks
Ensure closing packages are complete and facilitate boarding of closed loans with servicer
Effectively apply project coordination and loan closing standards and develop best practice and processes for closings
Work with underwriting team and review investment committee memo summarizing deal metrics
Assist with warehouse financing draws, securitization and facilitate post-closing issues raised by custodian or servicer
Develop and implement technology related process solutions
Manage third party vendor relationships related to the processing and closing of loans
Work well under pressure and handle multiple transactions in a fast-paced deal environment
Able to multi-task and respond to all communications internally and externally within 24 hours of receipt
Perform other related duties or special ad hoc projects as assigned
Exercise discretion, independent judgment, and problem-solving abilities to complete work assignments