Senior Construction Loan Closing Specialist

Job Title: Senior Construction Loan Closing Specialist

Department: Loan Operations

Reports to: Director of Loan Closing

At Redwood, we know we are only as successful as the people who power us. Our employees are passionate, they are talented, they are empowered to make decisions that positively affect the lives of our residents. From site personnel to corporate leadership, our employees demonstrate Redwood's commitment to deliver more than expected, communicate openly and honestly, and demonstrate integrity in all aspects of our business. As we continue to grow, we seek these same qualities in every team member we bring on board.

Job Description

The Senior Construction Loan Closing Specialist is a member of the Loan Operations team reporting directly to the Director of Loan Closing. This position is highly collaborative with both internal and external partners to help drive construction loan closings directly impacting the growth of Redwood Neighborhoods, making it a highly visible position within Redwood. The candidate should be comfortable leading meetings and problem solving with people of different levels across the organization. Strong performance would provide the opportunity for promotion to a manager-level position.

Essential Duties & Responsibilities

• Review closing checklists and deliver outstanding due diligence items to the working group. Help lead discussions in working group calls.
• Actively participate in pipeline meetings and provide regular status updates regarding the path and timeline to loan closings. Rotate leading this meeting with business partners.
• Coordinate bank accounts that must be issued/opened at closing.
• Coordinate and ensure that all signature pages relative to closing documentation are properly executed and delivered to the working group.
• Save due diligence items and loan documents to SharePoint folders.
• Keep D365 current throughout the closing process and finalize information before the record is closed. Complete Yardi mortgage tab within 10 business days of closing.
• Assist in the end- to- end process for forming new LLCs including creating Yardi codes, neighborhood names, etc.
• Proactively monitor the interest expiration dates for active construction loans and work with the Director of Finance and Director of Loan Closing to obtain extensions as needed.
• Regularly communicate with the Director of Loan Closing on the pipeline status to ensure mutually informed and working together to achieve closings and hit deadlines.
• Thoroughly review and help to negotiate loan documents and settlement statements.
• Identify/participate in problem solving of complex matters that may arise during the closing process
• Other closing related duties as assigned.

Required Skills

As a Senior Construction Loan Closing Specialist, you will be required to exhibit the following skills:

• Analytical and critical thinking skills
• Problem solving capabilities
• Respectfulness, trustworthiness, empathy, and leadership
• Ability to work under pressure to meet closing deadlines
• Excellent time management skills with proven ability to plan, organize and implement multiple tasks on a concurrent, real-time basis
• Strong communication skills and general business acumen

Required Qualifications, Education & Certifications

• HS Diploma or GED required; college degree preferred
• 3 years of commercial construction loan closing experience, including negotiation of loan documents required
• 3 years of financial services experience
• General computer proficiency, including Microsoft Office

Working Condition:

In this role, the employee will routinely use standard office equipment such as computers, desk phones, iPhone, photocopiers, etc. The employee is frequently required to sit, stand, bend and walk with the ability to lift 20 pounds where applicable.

The above statements are intended to describe the general nature and level of work being performed by individuals assigned this job title. They are not intended to be construed as an exhaustive list of all required responsibilities, duties and skills, and such responsibilities, duties and skills may be changed at any time.

Compensation details: 68000-77000 Yearly Salary