What are the responsibilities and job description for the Loan Manager position at Redwood Trust Inc?
Position Summary
A Loan Manager will be responsible for obtaining all required diligence documents from borrower team and coordinating third party vendors and the deal team in connection with each loan. A Loan Manager will work closely with senior management, clients, internal teams and various third parties. The Loan Manager will be the direct point of contact throughout the entire process for the borrower.
Responsibilities & Duties
- Coordinate with originations and borrowers to collect due diligence items
- Review and identify required documents related to the loan such as bank statements, tax returns, personal financial statements, credit reports, applications, etc.
- Meticulously enter documents, borrower information, and loan information into multiple online systems to keep reports accurate at all times
- Manage loan life cycle in pipeline including coordination between appraisal team, title and escrow, underwriting, and borrower to meet specific timelines
- Coordinate with internal deal teams and external vendors regarding pipeline forecasting
- Effectively apply project coordination and loan closing standards and develop best practices and processes for closings
- Additional duties as requested by management
Required Experience, Skills, & Competencies
- Bachelor's degree, or equivalent work experience
- Minimum 2 years commercial real estate loan closing and funding experience
- Escrow and title experience are pluses
- Proficiency in Word, PowerPoint and Excel
- Strong written and verbal communication skills
- Strong attention to detail and organizational skills
- Exceptional internal and external customer service
A reasonable estimate of the base compensation range for this role is $70,000 - $90,000 annually. The actual salary offer to the successful candidate will be based on job-related education, geographic location, training, licensure and certification, and other factors. Our company also offers a competitive benefit package including discretionary corporate bonus program, multiple health plans, STD and LTD options, company sponsored life insurance, fitness reimbursement, paid parental leave, time to volunteer, Paid Time off, ESPP, and 401K matching.
Salary : $70,000 - $90,000
