Open Position: Funding Specialist
Reports to: Loan Processing Manager
Supervisory duties: No supervisory duties
Job Type: Full-time, exempt, Remote
Hours: 8-5 EST time zone
Pay range: $68,000 - $73,000
About Us
We’re Rain City Capital–a private real estate lender. We put our borrowers first, which is how we’ve built our business almost exclusively on word-of-mouth referrals. No two workdays are the same, so our team is comprised of individuals who aren’t afraid to roll up their sleeves and take care of business. Our office is energetic, fun, and committed to leading the industry by putting the relationship before the transaction.
About You
You’re an experienced loan processor, closer, or funder with a proven track record of creative problem solving, excellent multi-tasking and prioritization, and a focus on customer service. You’re self-driven, tech-savvy, responsible, easily adaptable to change, with a genuine desire to fund loans fast! You’re relentlessly proactive and organized, and pitch in to help your team members when they need it.
You have several years’ experience in a loan processing, closing, or escrow and at least a basic knowledge/understanding of accounting, financing, lending, and systems administration. See below for more details on preferred qualifications.
About the Job
This role is all about preparing mortgage loan documents required for closing or transfer, which will involve working closely and collaboratively with clients, real estate brokers, third-party service providers, and internal business partners. You’ll review loan level documentation for accuracy and data integrity and check loan conditions prior to funding short-term business-purpose mortgage loans for investors, all in a consistently fast-paced and variable environment.
Roles and Responsibilities
Review data entry and all submitted loan documentation for accuracy and completeness
Work directly with underwriting and processing departments, in conjunction with the loan originator to obtain documentation to clear funding conditions
Draw loan documents and coordinate fundings with Escrow
Process title eliminations
Review completed closing documents for accuracy
Review closing packages for signature consistencies and compliance with state and federal regulatory guidelines
Balance with Escrow and review and verify all fees and charges associated with the loan on the settlement statement or closure disclosure, cash to close and funds due to borrower to ensure loan settlement meets guidelines
Perform Quality Control by reviewing loan files for completeness, accuracy, and compliance standards
Respond promptly to general closing questions from brokers, loan officers, processors, or loan servicing
Work closely with all team members to manage a pipeline of loans in various stages of the funding process
May assist the Recording Specialist by following up with Escrow for final settlement statements, final title policies, and post funding appraisals.
Assist the loan sales team to clear note buyer exceptions/conditions.
Skills and Attributes
Superb customer service skills/communication
Exceptionally high level of accuracy/attention to detail
Ability to work well in a consistently fast paced environment
Ability to react quickly to changing needs of company, clients, and underwriting standards
Proficient in Microsoft Office i.e., Word, Excel, and Outlook
Able to maintain positive attitude in a deadline driven environment
Superb organizational skills
Exceptional ability to establish and work on multiple priorities and maintain great attitude
Energetic self-starter
Excellent verbal and written communication
Reliable, punctual, and willing to help other team members
Solution-oriented and nimble thinker
Experience
4 years’ experience in loan processing, closing, or escrow/title
Other duties, responsibilities, and activities may change or be assigned at any time with or without notice. The employee in this position must be able to read, write, speak and understand English with exceptional fluency.
Rain City Capital offers a hybrid work environment, which means employees perform their duties remotely or in person and will be expected to check email, phone, and text messages throughout the day and respond in a timely fashion consistent with a normal company workday.
To apply, please send your resume and cover letter to careers@raincitycapital.com
Posted 04/18/2024