Loan Associate
Loan Processing Responsibilities
- Coordinating loan closings with the originations team and the borrower
- Critically reviewing and processing construction loan draw requests and balance construction escrow accounts
- Ensuring that we are funding appropriately, according to the applicable PACE statute
- Ensuring post-closing files are complete with updates on construction (i.e. progress photos, property financials, etc.)
- Following up on trailing documents from loan closings (i.e. certificates of occupancy)
- Reviewing and filing insurance cancellations and following up with clients to ensure proper insurance is maintained
- Troubleshooting questions from PACE Program Administrators regarding existing assets (such as post-closing commissioning confirmation)
- Assistance with monitoring of existing portfolio and ensuring payments remitted on time and, where applicable, assisting with early payoffs
- Reviewing applicable states’ property tax bills to ensure borrowers paid PACE special assessments
- Other tasks as needed
Skill set must include the following :
- At least 3 years of experience with commercial real estate draws / lien waivers
- Prior experience at a title company (highly desired)
- Detail-oriented with demonstrated ability to follow through on tasks
- Extremely organized and responsive
- Curious, with a problem-solving attitude (identify issues, but also suggest solutions)
- Research skills
- Moderate Excel skills
- Ability to work in a fast-paced environment while delivering accurate and quality work-product
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