Loan Processor
6 days ago
Arixa Capital is a respected private credit investment manager managing a loan portfolio in excess of $2Billion. Our strategy is to lend on single family and multifamily projects across the United States providing our investors a compelling fixed income return. We leverage our substantial balance sheet, world class institutional partners and a full-service lending platform to provide exceptional service to our real estate investor and developer clients. We are vertically integrated, ensuring that loans fund quickly and the customer experience is unparalleled as we handle all loan functions through our proprietary technology infrastructure backed by an experienced operations team.
Arixa Capital has been named to the Inc. 5000 fastest growing companies in the U.S in each of the past 3 years.
Position Overview
Arixa is seeking a motivated and detail-oriented Loan Processor. As a Loan Processor, you will play a critical role in the heart of our Private Lending Business. You'll be responsible for processing Bridge and Construction loans from application through closing to ensure a smooth process, including receiving Letter of Intent (LOI) and obtaining all documentation required for underwriting, approval, and closing. You'll work directly with Client Relation Managers and Underwriters to process requests efficiently and accurately. We seek someone who is intellectually curious, holds themselves to high standards and can thrive in a high achieving, fast paced cultural environment.
Primary Duties & Responsibilities
- Provide support to Client Relations and Underwriting teams by ensuring timely and accurate processing, documentation and closing of new loans and modifications
- Maintain an active loan pipeline to ensure key dates and timelines are met, track LOI's received and all corresponding documentation necessary to process loan from initial set-up through closing
- Review and reconcile all documentation to ensure accuracy of data in Salesforce
- Order, review, and track all third-party reports such as flood determination, Funding Shield and property insurance. Ensure property insurance meets Arixa's requirements
- Order payoff demands and any other items required to clear title exceptions
- Open Escrow and Title, order indemnity package on construction loans. Work closely with Escrow and Title to coordinate closings and clear any hurdles that could delay funding
- Follow up on open underwriting conditions throughout the loan process and satisfy prior to clear to closeor funding
- Coordinate and/or support Loan Originators, Client Relations Managers, Underwriters, and Closers on various items needed to process and close the loan
- Input proper loan information into Salesforce
- Manage deadlines and prioritize tasks in a fast-pace environment
- Work on special projects as needed or other duties as may be assigned
- Bachelor's Degree preferred but not required.
- 4 to 5 years of processing, account management, or operation fulfillment experience required, preferably in private lending.
- Strong organizational and multi-tasking skills with strong initiative.
- Knowledge of mortgage loan products, guidelines, and regulations.
- Possesses the ability to apply critical thinking and problem-solving skills while adapting to change quickly.
- Detail oriented and highly organized that works well in a fast-paced team driven environment
- Excellent verbal and written communication skills.
- Collaborative team player with strong interpersonal skills
- Experience working with Salesforces is a plus.
- Work Environment: This position typically operates in a professional office environment. Occasional evening and weekend work may be required to meet deadlines or address urgent issues
This Los Angeles based or Phoenix based position requires in-office work 2 days per week, to ensure close alignment among all team members. This position is exempt full time, with a pay range of $70K to $85K plus discretionary bonus potential.
Benefits
The employee is eligible for the following benefits:
- Annual discretionary bonus program
- Medical, dental and vision insurance
- 401k with Safe Harbor match
- Two weeks (10 days) paid vacation.
- 6 paid sick days
- 10 paid holidays
- One personal day
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