Construction Loan Closing Specialist

Company: Redwood Living Inc
Location: Independence
Posted on: October 18, 2024

Job Description:

Job Title: Construction Loan Closing SpecialistDepartment: Loan OperationsReports to: Director of Loan Closing At Redwood, we know we are only as successful as the people who power us. Our employees are passionate, they are talented, they are empowered to make decisions that positively affect the lives of our residents. From site personnel to corporate leadership, our employees demonstrate Redwood's commitment to deliver more than expected, communicate openly and honestly, and demonstrate integrity in all aspects of our business. As we continue to grow, we seek these same qualities in every team member we bring on board. Job DescriptionThe Construction Loan Closing Specialist reports to the Director of Loan Closing and provides support to the team responsible for managing the construction loan closing process. Essential Duties & Responsibilities

• Review closing checklists with the Director of Loan Closing and deliver outstanding due diligence items to the working group.
• Actively participate in pipeline meeting and closing calls and provide regular status updates regarding outstanding due diligence items.
• Coordinate bank accounts that must be issued/opened at closing.
• Coordinate and ensure that all signature pages relative to closing documentation are properly executed and delivered to the working group.
• Save due diligence items and loan documents to Sharepoint folders.
• Keep D365 current throughout closing process and finalize information before record is closed. Complete Yardi mortgage tab within 10 business days of closing.
• Assist in the end- to- end process for forming new LLCs including creating Yardi codes, neighborhood names, etc.
• Proactively monitor the interest expiration dates for active construction loans and work with the Director of Finance and Director of Loan Closing to obtain extensions as needed.
• Regularly communicate with the Director of Loan Closing on the pipeline status to ensure mutually informed and working together to achieve closings and hit deadlines.
• Assist in the review of loan documents and settlement statements.
• Other closing related duties as assigned. Required SkillsAs a Construction Loan Closing Specialist, you will be required to exhibit the following skills:
  • Analytical and critical thinking skills
  • Problem solving capabilities
  • Respectfulness, trustworthiness, empathy, and leadership
  • Ability to work under pressure to meet closing deadlines
  • Excellent time management skills with proven ability to plan, organize and implement multiple tasks on a concurrent, real-time basis
  • Strong communication skills and general business acumen Required Qualifications, Education & Certifications
    • HS Diploma or GED required, college degree preferred
    • 3+ years of commercial construction loan closing experience required, experience reviewing commercial loan documents strongly preferred
    • 3+ years of financial services experience
    • General computer proficiency, including Microsoft Office Working Condition:In this role, the employee will routinely use standard office equipment such as computers, desk phones, iPhone, photocopiers, etc. The employee is frequently required to sit, stand, bend and walk with the ability to lift 20 pounds where applicable.The above statements are intended to describe the general nature and level of work being performed by individuals assigned this job title. They are not intended to be construed as an exhaustive list of all required responsibilities, duties and skills, and such responsibilities, duties and skills may be changed at any time.
      
      Compensation details: 60000-70000 Yearly Salary
      
      
      
      PI0e08e365b939-37248-35722464

Keywords: Redwood Living Inc, Warren , Construction Loan Closing Specialist, Professions , Independence, Ohio