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Loan and Operations Associate (Work Remotely to start)

Arixa Capital

Loan and Operations Associate (Work Remotely to start)

Los Angeles, CA
Full Time
Paid
  • Responsibilities

    Job Description

     

    COMPANY OVERVIEW

    Arixa is one of the most respected and visible private real estate lenders in the Western U.S. We leverage our substantial balance sheet, world class institutional partners and a full-service lending platform to provide exceptional service to our clients – primarily real estate investors and developers. Our borrowers acquire, renovate and develop residential and commercial projects from $250,000 up to $10 million. We make our own internal credit decisions, ensuring that loans fund quickly, and we handle all loan functions through our proprietary technology infrastructure backed by an experienced operations team. Our in-house marketing team supports our branding and marketing efforts via multimedia, print, and social media.

     

    Arixa is also recognized as a successful investment management company that manages several hundred million dollars of investor capital across several private debt funds. Our funds seek to protect our investors’ capital while providing them with attractive current income and total returns.

     

    Arixa was recently named to the Inc 5000 fastest growing companies in the U.S. and we expect to continue to grow the business and our team in the future.

     

    POSITION OVERVIEW

    Ensures thorough and accurate creation of servicing statements, packaged loan files, and all related documentation. Ensures excellent external and internal customer service while monitoring the loan through funded to paid off loan cycle. We seek someone who is intellectually curious, holds themselves to high standards and can thrive in a high-achieving, fast paced culture.

     

    PRIMARY DUTIES & RESPONSIBILITIES

    · Prepare and package loan files to be pledged to banks

    · Keep track of line of credit information and track pledging details

    · Prepare and package loan files to be sold to third-party buyers and mailed to custodians

    · Update Salesforce with loan information and tracking

    · Perform loan servicing by entering new loans into the servicing software, drafting ACHs for approval, creating statements for participating loans and following up with borrowers on late interest or extension payments

    · Electronically deposit checks and book into the servicing software

    · Follow up with borrowers with upcoming loan maturities and provide options for next steps

    · Monitoring insurance expiration dates and renewals

    · Generate payoff demands when requested by the borrower and follow up on payoff demand approvals from the Controller

    · Manage the payoff process which include creating substitution of trustee and deed of reconveyance documents and creating sub & reconveyance letters to title

    · Adhere to all applicable compliance and private lending regulations

    · Filing and scanning of real estate loan documents

    · Other duties as may be assigned

     

    BACKGROUND, EXPERIENCED & QUALIFICATIONS

    · BA/BS degree preferred but not required

    · Previous mortgage or real estate experience

    · 2+ years of progressive loan servicing experience

    · Proficiency in full cycle loan process

    · Excellent verbal and written communication skills

    · Outstanding interpersonal skills

    · High level of integrity

    · Strong problem-solving skills

    · Collaborative team player with a focus on delivering results

    · Detail oriented and highly organized

    · Strong Microsoft office skills

    · Salesforce experience a plus

    · The Mortgage Office experience a plus

    · Trust accounting experience a plus

    ***COMPENSATION BASED ON EXPERIENCE

    -Please submit your Resume with a subject line as follows: First and Last name – "Lending and Operations Associate Position”

    Company Description

    Arixa is one of the most respected and visible private real estate lenders in the Western U.S. We leverage our substantial balance sheet, world class institutional partners and a full-service lending platform to provide exceptional service to our clients – primarily real estate investors and developers. Our borrowers acquire, renovate and develop residential and commercial projects from $250,000 up to $10 million. We make our own internal credit decisions, ensuring that loans fund quickly, and we handle all loan functions through our proprietary technology infrastructure backed by an experienced operations team. Our in-house marketing team supports our branding and marketing efforts via multimedia, print, and social media.