What are the responsibilities and job description for the Construction Loan Accounting Support Specialist position at Rehab Financial Group, LP?
Rehab Financial Group, LP is a leading private lender focused on the short-term fix and flip market headquartered in Rosemont, PA with operations in 18 states across the nation. The secret to our ongoing success is our unique 100% financing renovation product. In an industry that primarily lends to customers with 10-30% down payment requirements RFG offers lending terms offering 100% of the purchase and rehab up to 65%, 70% and even 75% of the ARV. That means no down payment, no income verification and no experience required.
This role reports directly to the Senior Accountant and will work closely with other members of RFG. The ideal candidate has significant experience with construction draw management, accounting and servicing systems, basic accounting knowledge, collections, customer service and has great attention to detail.
- Maintain an up-to-date working knowledge of all programs offered by RFG.
- Process all payments and data maintenance in a timely manner in the loan servicing system.
- Monitor loan accounts to ensure proper payment history and status.
- Process, post and maintain files on draw requests per RFG policies and procedures.
- Responsible for reviewing construction draw inspection reports for accuracy and completeness.
- Overall ownership of construction draws process.
- Input initial budgets into loan servicing system ensuring the final approved scope of work ties to the loan funding.
- Maintain relationship with third party inspection companies. Provide reports to management as needed.
- Provide customer service and be the main point of contact with RFG borrowers, ensuring quick response times via phone, email or text.
- Assist with daily and monthly reporting to both internal and external constituents.
- Ability to work well with other departments to meet company goals.
- Ensure proper insurance coverages are met and kept with all portfolio loans, and work with third party vendors to monitor insurance status.
- Other responsibilities as assigned.
Preferred Qualifications include :
Requirements :
Comprehensive benefits package offered.
