Position Overview: We are seeking an experienced Loan Specialist to join our team. The ideal candidate will play a critical role in the processing and underwriting of various loan products, with a primary focus on Bridge Loans, Value Add Loans, and Permanent Portfolio Loans. You will work closely with smaller real estate investors and will need to demonstrate a strong understanding of entity structures, including LLC borrowers, KYC processes, and liquidity analysis.
Location: 3 days a week on-site in Westwood
Requirements:
3+ years of experience with Underwriting and Processing
Knowledge of overall lending processes, including underwriting, funding, and loan processing
Knowledge of complex personal and business financial analysis, tax returns and balance sheet analysis, including cash flow analysis
Experience processing/underwriting Bridge Loans, Value Add Loans and Permanent Portfolio loans
Key Responsibilities:
Process and underwrite Bridge Loans, Value Add Loans, and Permanent Portfolio Loans for real estate investors.
Review and analyze loan applications and supporting documentation, ensuring all loans meet company and investor guidelines.
Work closely with smaller real estate investors and LLC borrowers, ensuring compliance with entity document requirements.
Conduct thorough Know Your Customer (KYC) reviews, verifying borrower identity and legal standing of LLCs and other entities.
Assess borrower liquidity and financial capacity to ensure loan eligibility.
Understand and evaluate entity structures, such as LLCs and partnerships, and their impact on loan processing.
Collaborate with internal teams, including sales, compliance, and legal, to ensure smooth loan processing.
Stay current on industry trends, regulatory changes, and best practices related to real estate lending and entity documentation.