Loan and Operations Associate

Loan and Operations Associate - West Los Angeles/Private Real Estate Lender

  • Los Angeles, CA
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A bit about us:

Recently named to the Inc 5000 fastest growing companies in the U.S., we are a private real estate lenders located in West Los Angeles, CA. We provide a full-service lending platform to provide exceptional service to our clients – primarily real estate investors and developers. Our borrowers acquire, renovate, and develop residential and commercial projects from $250,000 up to $10 million. We make our own internal credit decisions, ensuring that loans fund quickly, and we handle all loan functions through our proprietary technology infrastructure backed by an experienced operations team.

Why join us?

Competitive Pay
Annual Bonus
Medical/Dental/Vision
401K
Additional Perks

Job Details

Primary Duties & Responsibilities
  • Prepare and package loan files to be pledged to banks
  • Keep track of line of credit information and track pledging details
  • Prepare and package loan files to be sold to third-party buyers and mailed to custodians
  • Update Salesforce with loan information and tracking
  • Perform loan servicing by entering new loans into the servicing software, drafting ACHs for approval, creating statements for participating loans and following up with borrowers on late interest or extension payments
  • Electronically deposit checks and book into the servicing software
  • Follow up with borrowers with upcoming loan maturities and provide options for next steps
  • Monitoring insurance expiration dates and renewals
  • Generate payoff demands when requested by the borrower and follow up on payoff demand approvals from the Controller
  • Manage the payoff process which include creating substitution of trustee and deed of reconveyance documents and creating sub & reconveyance letters to title
  • Adhere to all applicable compliance and private lending regulations
  • Filing and scanning of real estate loan documents
  • Other duties as may be assigned

Background, Experienced & Qualifications
  • BA/BS degree preferred but not required
  • Previous mortgage or real estate experience
  • 2+ years of progressive loan servicing experience
  • Proficiency in full cycle loan process
  • Excellent verbal and written communication skills
  • Outstanding interpersonal skills
  • High level of integrity
  • Strong problem-solving skills
  • Collaborative team player with a focus on delivering results
  • Detail oriented and highly organized
  • Strong Microsoft office skills
  • Salesforce experience a plus
  • The Mortgage Office experience a plus
  • Trust accounting experience a plus

Easy Apply Now
Easy Apply Now
Job Details
Location
Los Angeles, CA
Job Type
Permanent