Loan Processor

Job Description

Job Description

The Loan Processor will be responsible for obtaining all required diligence documents from borrower team and coordinating third party vendors and the deal team in connection with each loan. They will work closely with senior management, clients, internal teams and various third parties. The Loan Manager will be the direct point of contact throughout the entire process for the borrower.

Responsibilities & Duties

• Workwith legal counsel, title and escrow, dealteamand third-party vendors to coordinate the kick-off, checklist and welcome email transmission, diligence document upload, bank account set-up, title review, documentpreparationand third-party vendor review of diligence documents.
• Manage loan life cycle in pipeline and coordinate and drive communication between deal teams, including underwriting and originations to ensure thatdiligencedocuments are uploaded into Salesforce in atimely manner.
• Review and identify documents related to the loan such as bank statements, tax returns, personal financial statements,initial appraisal reports,leaseand purchase agreements,etc.
• Facilitate kick-off and check-in calls, as well as prepare and update diligence checklists for deal team.
• Initiate the process of engaging third-party vendors for insurance, title, lease review, and appraisal services.
• Communicate with borrowers, third parties and internal business partners during diligence to facilitate an efficient process from the initial kick off until the closing of the loan.
• Coordinate and review background and credit search, engage the title company by providing initial quotes to borrower team, vet third party title companies, as well as coordinate the set-up of bank accounts related to cash management.
• Coordinate with internal deal teams and external vendors regarding pipeline forecasting.
• Ensure closing packages in Salesforce are complete.
• Additional duties as requested by management.

Required Experience & Education

• Bachelor' sdegree,orequivalentworkexperience
• Minimum2yearscommercialrealestateloanclosingandfundingexperience
• Escrowandtitleexperiencearepluses
• ProficiencyinWord,PowerPointandExcel
• Strongwrittenandverbalcommunicationskills
• Strongattentiontodetailandorganizationalskills
• Exceptionalinternalandexternalcustomerservice

A reasonable estimate of the total compensation range for this role is between $70,000.00 and $85,000.00 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.