Construction Loan Specialist Coordinator

7 days ago

Independence, Missouri, United States Redwood Living Inc Full time

Redwood Living Inc seeks an experienced Construction Loan Closing Specialist to join its team. This role is a fantastic opportunity for someone who enjoys working in a dynamic environment and is passionate about delivering high-quality results.

Job Summary

The Construction Loan Closing Specialist will provide support to the team responsible for managing the construction loan closing process. This includes reviewing closing checklists, delivering outstanding due diligence items, and coordinating bank accounts. The ideal candidate will have strong analytical and problem-solving skills, with the ability to work under pressure to meet deadlines.

About Redwood Living Inc

We are a leading provider of apartment living solutions. Our employees are our greatest asset, and we strive to create a positive and inclusive work environment that supports their growth and development.

Key Responsibilities

  • Closing Checklist Review: Review closing checklists with the Director of Loan Closing and deliver outstanding due diligence items to the working group.
  • Pipeline Management: Actively participate in pipeline meetings and closing calls, providing regular status updates regarding outstanding due diligence items.
  • Bank Account Coordination: Coordinate bank accounts that must be issued/opened at closing.
  • Document Execution: Coordinate and ensure that all signature pages relative to closing documentation are properly executed and delivered to the working group.
  • Due Diligence Tracking: Save due diligence items and loan documents to Sharepoint folders.
  • System Maintenance: Keep D365 current throughout the closing process and finalize information before the record is closed.
  • Yardi Mortgage Tab Completion: Complete Yardi mortgage tab within 10 business days of closing.
  • LLC Formation Support: Assist in the end-to-end process for forming new LLCs, including creating Yardi codes, neighborhood names, etc.
  • Interest Expiration Date Monitoring: Proactively monitor interest expiration dates for active construction loans and work with the Director of Finance and Director of Loan Closing to obtain extensions as needed.
  • Pipeline Status Communication: Regularly communicate with the Director of Loan Closing on the pipeline status to ensure mutually informed decision-making.

Required Skills and Qualifications

  • Analytical and Problem-Solving Skills: The ability to analyze complex data and develop effective solutions.
  • Communication and Interpersonal Skills: Excellent communication and interpersonal skills, with the ability to work effectively with colleagues and stakeholders.
  • Time Management and Organization: Strong time management and organizational skills, with the ability to prioritize tasks and manage multiple projects simultaneously.

Benefits and Compensation

As a Construction Loan Closing Specialist at Redwood Living Inc, you can expect a competitive salary range of $60,000 - $70,000 per year, depending on experience. We also offer a comprehensive benefits package, including health insurance, retirement savings, and paid time off.

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