Commercial Real Estate / Multifamily Loan Processor
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|Status:||Inactive / Filled|
|Title:||Commercial Real Estate / Multifamily Loan Processor|
|Job Location:||Huntington Beach, CA|
|Base Compensation:||$45,000 — $70,000|
|Total Compensation:||$55,000 — $80,000|
|Is Employer Willing to Relocate?:||No|
|Employment Type:||Full Time / Direct Hire|
|Job Categories:||Commercial Lending - Real Estate; Mortgage Banking|
|Industries:||Real Estate / Mortgage|
WHY IS THIS A GREAT OPPORTUNITY?
Client is a commercial real estate capital advisory firm that’s been around for 25 years, seeking a loan processor to be focused in multifamily loans, specifically in HUD’s FHA programs. Multifamily or HUD experience is desired but not required. The company provides a variety of real estate financing services including debt placement and acquisition financing for permanent loans, construction loans, and property repositioning.
JOB DESCRIPTIONSupport the Underwriters with their direct supervision in gathering information and the processing of HUD MAP and LEAN programs. * Acquire and maintain a thorough understanding of the flow and programmatic requirements of loan origination, underwriting and closing process so that the support provided to Underwriters complement the overall processing effort and moves the loans through to Loan Committee and HUD application submission in a timely manner. * Become fully versed on all applicable FHA policies and procedures by reading and studying FHA Policies and Procedures Handbook, the FHA MAP Guide, available LEAN Blasts, FHA Handbooks and Mortgagee Notices. * Serves as primary source and contact for due diligence information necessary to complete FHA loan submissions. * This involves gathering, reviewing and organizing required application exhibits and subsequently compiling appropriate pre-applications and application loan packages that are delivered to HUD. * Responsible for assuring the correct organization, accuracy and completeness of the FHA underwriting files maintained in both electronic and hard copy formats. * Assist Underwriters in engaging/tracking/paying required third party review contractors. * Collect/record/distribute processing retainers/3rdparty funds and maintain project specific expense reports. * Keep Originators and Underwriters informed of progress and potential problems on a proactive basis. * Assist in the preparation of Loan Loading packets, completion of electronic closing files, review of insurance certificates throughout the FHA processing period. * Maintain accurate database/reporting systems, as assigned.
Fundamental Job Functions: Knowledge of lending documentation and HUD guidelines Strong comfort level with IT systems, desktop, excel, word, etc. E-mail etiquette Extremely detailed oriented Positive attitude toward training and learning new skills if/as needed Well-developed customer relation skills
Total Years of Experience: