What are the responsibilities and job description for the Loan Analyst/Loan Processor position at Genesis Capital LLC?
Genesis Capital (the "Company") is one of the largest business purpose lenders in the country, focused on providing commercial real estate financing solutions to real estate developers who buy, renovate, and sell single-family and / or multi-family residential real estate. The Company is a subsidiary of Rithm Capital (parent company), a publicly traded mortgage real estate investment trust.
The Loan Analyst (LA) is responsible for assisting the origination team, primarily the Relationship Associate, to convert a loan application into a funded loan by assisting the origination team in getting the loan through the Genesis origination process. The LA will communicate both internally, with third party vendors, and the borrower to support the funding of loans in a timely manner while providing an excellent customer experience throughout the loan process.
Principal Duties :
ESSENTIAL FUNCTIONS include the following. Other duties may be assigned.
- Manage a high-volume loan pipeline and ensure loans close as scheduled and in compliance.
- Ensure third-party vendor orders are placed and received within agreed upon Service Level Agreement (SLA).
- Conduct quality control of transactional documents such as title commitments, purchase contracts, escrow instructions, deeds, closing statements and other documentation common to purchase and refinance transactions. Familiarity with assignments, double escrow, cash purchases, auction purchases, non-arm's length transactions and other non-traditional circumstances is a plus.
- Coordinate lien resolution with title (and third parties) such as city liens, substandard liens, subordinate liens.
- Prepare and submit complete loan files for asset underwriting.
- Pipeline management and collaboration with multiple internal departments for closing including Evaluations, Asset and Construction Underwriting, Docs and Legal.
- Update internal loan processing system which include data fields, transactional documentation, and notes.
- Responsible for requesting and reviewing prior to doc, prior to funding and post-closing conditions.
- Responsible for releasing loan documents and coordinating signing with Notary Public as needed.
- Demonstrates problem solving skills and sound judgment by gathering and applying relevant data to research and resolve issues.
- Perform functions to move loans quickly through the pipeline, including but not limited to :
Input and request title, escrow, insurance, flood certification.
Education and Experience
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Knowledge, Skills, and Abilities
While this description is intended to be an accurate reflection of the position's requirements, it in no way implies / states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.
By applying to this position candidate acknowledges that this is not a remote role and is required to be on-site.
Compensation Range : $22.00 - $28.00 per hour
Equal Employment Opportunity
We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.
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Salary : $22 - $28
