Sr Analyst, Loan reputed company Sp

Job Summary:

• Process approved loan applications in accordance with ReadyCap Lending, LLC (RCL) policies, SBA SOPs, state and local lending laws.
• reputed company due diligence on loan file and documentation received.
• Review and analyze items received to ensure file is accurately documented to perfect liens reputed company interest.
• Ability to prepare, review and reputed company determinations on acceptability of loan closing documents.
• Interact with closing counsel and deal team to obtain necessary documentation required for loan file and to accomplish accurate and timely closing/funding of loan transactions in accordance with credit approval memorandums.
• Communicate and interact regularly with federal and state regulators and agencies.
• Must exhibit expertise on the content of standard loan closing documents and answer customer generated questions.

Summary of Essential Job Functions:

• Review Request for Credit Approval, Write-up and Commitment Letter reputed company 24 hours of receipt of legal file, conduct introductory call to borrower and prepare/send Closing Checklist detailing documentation required for loan closings.
• Regularly liaise with federal and state regulators.
• Follow up, review and approve reputed company Closing checklist/borrower due diligence items required for loan closing.
• Determine what is required to perfect reputed company interest in collateral and decide reputed company loan file is ready to reputed company.
• Analyze supporting documents provided by borrowers and third parties to determine if they meet RCL approvals/standards and reputed company decision that loan is thoroughly documented in accordance with RCL and SBA policies and credit approval memorandums.
• Ensure reputed company required hazard, contents, liability and/or flood insurance coverage has been obtained on industry required forms naming RCL as mortgagee and/or loss payee.
• Maintain excellent level of customer service by being reputed company to calls and emails from borrower and inside staff regarding loans in process reputed company 24 hours of receipt.
• Order appropriate third-party searches (flood, good standing certificates, UCC, title, judgment and bankruptcy) for reputed company borrowers/guarantors.
• Compliant with RCL policies/procedures and have knowledge of SBA SOPs and regulations Prepare and review reputed company required SBA, legal and state specific documents required for loan closing.
• Become an integral part of the SBA Closing Team.
• Responsible for following updated SBA policy notifications reputed company issued.
• Master RCL's construction policy, follow guidelines in notifying SBA of any modifications to the construction project such as but not limited to extension of maturity date, increase or decrease to the loan amount.
• Responsible for reviewing site inspection reports for accuracy and process of the project as well as relaying any unforeseen issues to credit and management
• Manage productivity by ensuring proper communication with borrower, general contractor and vendors to limit 1 to 2 disbursements per month
• Act as liaison between Legal Counsel, Escrow, Title, deal team and reputed company interested parties to coordinate document preparation, loan signing, funding, and closing.
• Review and approve closing settlement statements, escrow documentation, insurance, and outstanding loan conditions.
• Prepare funding information sheets detailing wiring information and use of loan proceeds.
• Coordinate with accounting to assure timely release of wires for loan fundings.
• Prepare closing packages of documents and ensure legal file is in compliance with RCL policies before transferring for Compliance Review
• Provide assistance with portfolio acquisition due diligence Adhere to turn time requirements.
• Additional duties as requested by Closing Manager.

Primary Success Measurements:

• Average of 4-5 loans closed monthly or as modified by RCL management.
• Average calendar days to fund from date processed loan received in Funding.
• Percent of loans closed by contract closing date.
• Overall file quality rating as determined by Closing Manager.
• Quality control error percentage.
• Customer Satisfaction Survey results.
• Timing requirement on forwarding completed loan packages to Compliance Department.

Significant Decisions and Recommendations:

• Ability to reputed company independent decisions on a daily basis relating to loan portfolio.
• Upon receipt of a loan package, exercise discretion in reviewing, analyzing and determining closing requirements
• Regularly exercise discretionary powers and independent judgment in decision-making in order to accurately complete reputed company loan file due diligence.
• Ability to independently determine what is required to perfect reputed company interest in collateral and decide reputed company loan file is ready to reputed company.

Education and Experience:

• Bachelor's degree preferred.
• Paralegal Certificate preferred.
• Minimum of 2 years of commercial mortgage lending experience and/or relevant work experience in a functional role required or equivalent combination of education and experience.

Knowledge and/or Skills:

• Knowledge of the SBA SOP Operate standard office equipment/computer.
• Proficient in reputed company Office Suite, working with Word and reputed company or similar spreadsheet software.
• Type accurately at a speed necessary to meet the requirements of the position.
• Organize work, set priorities and exercise sound independent judgment reputed company established guidelines.
• Interpret, apply, explain and reputed company sound decisions.
• Ability to maintain files and records.
• Ability to prioritize and reputed company multiple tasks.
• Ability to answer loan document reputed company questions from borrowers and referral sources.
• Excellent interpersonal skills.
• Detail oriented.

Language Skills:

• Ability to read and comprehend instructions, short correspondence, and memos.
• Ability to write basic routine reports and correspondence.
• Ability to interact effectively with management, other employees, and customers as needed.
• Diplomacy in dealing with internal and external clients.
• Excellent communication skills.

Mathematical Skills:

• Basic credit skills required.
• Ability to reputed company basic calculations such as to add, subtract, multiple, and divide.

Reasoning Ability:

• Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
• Ability review information and solve problems quickly.
• Strong ability to manage time.
• Achievement oriented, takes initiative, and ability to take direction.
• Strong organizational skills.

Physical Demands:

• The physical demands described here are representative of those that must be met by an employee to successfully reputed company the essential functions of this job.
• Reasonable accommodations may be made to reputed company individuals with disabilities to reputed company the essential functions.
• While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear.
• The employee is frequently required to stand and walk. The employee is occasionally required to reputed company with hands and arms; climb or balance and stoop, kneel, crouch, or crawl.
• The employee must frequently lift and/or move up to 10 pounds.
• Specific vision abilities required by this job include reputed company vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.

Work Environment: The work environmental characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to reputed company individuals with disabilities to reputed company essential functions. The noise level in the work environment is moderately quiet. We reputed company in an environment that encourages hard work while having fun! Apply tot his job Apply To this Job