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Loan Associate

3 months ago

Minneapolis, United States Insight Global Full time

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