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Loan Closer/Project Coordinator

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Location
Irvine, CA
Salary
$65,000+
Job Type
Direct Hire
Date
Oct 02, 2018
Job ID
2630355
Atlantic Pacific Group is the premier executive search firm specialized in the real estate and finance industries, with over 20 years of experience supporting Orange County's top employers, we've helped 100's of professionals take their careers to the next step.

Our client is the leader in financing of investment property including term loans, bridge loans and fix/flip financing.  


The Job:  A Loan Closer/Project Coordinator will be responsible for preparing the internal settlement statement, working with escrow to prepare the general deal settlement statement and funding the loan, as well as coordinating third party vendors and the deal team in connection with each loan. A Loan Closer/Project Coordinator will work closely with senior management, clients, internal teams and various third parties.
 

·         Prepare internal CAF settlement statement and work with the escrow company in preparing the deal specific settlement statement, including the preparation of insurance, capex and tax reserves

·         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

·         Manage loan life cycle in pipeline and coordinate and drive communication between deal team, including underwriting and origination 

·         Facilitate kick-off and check-in calls, as well as prepare and update diligence checklists for deal team

·         Communicate with borrowers, third parties and internal business partners during diligence to facilitate efficient underwriting and loan closing

·         Coordinate and review background and credit search, the preparation of title commitment and deeds and facilitate the clearing of title exceptions, as well as coordinate the set-up of bank accounts related to cash management

·         Review borrower entity documentations/structure and approve loan documents, escrow instructions and other documentations as required

·         Coordinate with internal deal teams and external vendors regarding pipeline forecasting

·         Assist with warehouse financing draws

·         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 Additional duties as requested by management
 

Ideal Candidate Profile: 
 

·         Bachelor's degree, or equivalent work experience

·         Minimum 2 years commercial real estate loan closing and funding experience

·         Strong working knowledge of corporate and loan documents – paralegal certification/experience strongly preferred

·         Escrow and title experience are pluses

·         Proficiency in Word, PowerPoint and Excel

·         Strong written and verbal communication skills

·         Strong attention to detail and organization skills

     
Value Proposition:


Work for an outstanding leader!  

This role is with CoreVest finance in Irvine,  CA.  Beth O'Brien, President & CEO was recently named Women of Influence 2018 by Housing Wire.  Under O’Brien’s leadership, CoreVest has closed more than $3 billion in loans and financed more than 25,000 properties across 43 states. The company won the NREI/IMN award for innovation by a nonbank lender in 2016 and was chosen by Freddie Mac for its inaugural securitization in the single-family rental market in 2017.
 
Be a integral part of an industry leader!

Each member of “The Core” plays an important part in the growth of the residential real estate investing industry. We are here to serve investors nationwide and provide them with affordable financing for their real estate investment needs.

Outstanding Benefits!
  • Competitive compensation package
  • Excellent medical, dental, vision and other benefits
  • Time off for vacation, sick leave and holidays
  • 401k Immediately

Atlantic Pacific Group is the exclusive recruiting firm for CoreVest.  If you would like to learn more about this exciting organization, contact us immediately for a confidential conversation about your career objectives and details about this excellent opportunity.  Contact Suzy Siegrist or Linda Blakemore  949-494-1420