Position Summary
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.
Responsibilities & Duties
- 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
Required Experience & Education
- 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
A reasonable estimate of the total compensation range for this role is $70.000-$80,000. The actual salary offer to the successful candidate will be based on job-related education, geographic location, training, licensure and certification, and other factors. CoreVest also offers a competitive benefit package including discretionary corporate bonus program, multiple health plans, STD and LTD options, company sponsored life insurance, fitness reimbursement, paid parental leave, time to volunteer, Paid Time off, ESPP, and 401K matching
At Redwood Trust, we are committed to fostering an inclusive workplace where diversity is valued, and everyone has the opportunity thrive. We welcome applications from individuals of all backgrounds and experiences. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.