Ensures that all closed loans are in compliance with federal, state laws and meet company policies and Investor guidelines.
Reviews all closed loans for accuracy and completeness ensuring that all conditions have been met and the loans meet the company standard for quality.
Handles and assists with the clearing of Investor's requirements and requests; prevents and/ or resolves issues as they arise.
Verifies that all stipulations requested are valid and met to ensure that loans are saleable/purchased.
Requests and follows up daily with Underwriters/Closers on all outstanding conditions for loans in a “Suspense “status.
Monitors “Aging Report” from warehouse lender(s) to ensure that loans do not exceed the 15 day threshold set by the company.
Updates and distributes the “Status Report” to Senior Management daily.
Keeps Senior Management abreast of any and all Investor related issues.
Corresponds with escrow agents/title companies to obtain outstanding documents not returned in a timely manner.
Works independently and prioritizes multiple projects while meeting pre-established deadlines.
Assists with other aspects of the Closing/Post Closing process on an as-needed basis.
Monitors all assigned loans.
Coordinate with the Broker, Escrow Officer/Closing Agent, and Title Officer to request and ensure receipt of all items required to fund a file.
Input of property loan information in the loan monitoring system as information is gathered.
Coordinate with the Broker Escrow Officer/Closing Agent and Title Officer to work through issues that may slow/stop a loan from closing.
Prepare and ensure all loan documents are complete, accurate, verified and compliant with TCP policies.
Coordinate with the Underwriting Department in the event loan terms have changed during the closing process.
Monitor the loan file through funding and receipt of original loan documents.
Meet crucial deadlines requested.
Works with vendors to collect required documentation for files for closing.
Coordinates between the title and closing attorney for the collection of required documentation.
Engage an attorney to prepare legal loan documents.
Works with Title Company to coordinate title work and manage closings for real estate loans.
Requests adjustments to documents and settlement statements and engage the appropriate parties when needed.
Follows up on Insurance information and verifies it is paid at or before closing.
Communicates with insurance agents for appropriate endorsements and proof of payment as required by TCP.
Coordinates and performs loan closings of small loans in the branch.
Enters and updates information into pipeline, updates information accurate and timely.
Communicate with loan operations, title companies, escrow, closing agents and/or borrowers/3rd parties to resolve issues prior to closing.
Scans documentation as needed into the Loan Operations System (LOS).
Cross train on other post-closing functions as needed.
Review all loan documents for completeness and accuracy prior to sending to underwriting manager including the closing checklist.
Performs other related duties as assigned by management.

HARD MONEY/PRIVATE LENDING EXPERIENCE A PLUS!