Loan Closing Associate

Job Description

Job 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 Associate 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.

Essential Functions and Responsibilities:

• Manage 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 prepared by escrow, review deeds, commitments and address issues related to title issues
• Work with legal counsel, title and escrow, deal team and third parties to coordinate the kick-off, bank account set-up, title review, 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
• 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
• Perform other related duties or special ad hoc projects as assigned
• Exercise discretion, independent judgment, and problem-solving abilities to complete work assignments

• 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