Job Description

SEEKING: LOAN ANALYST/PROCESSOR

Genesis Capital LLC (“Genesis”) one of the largest private-money lenders in the US focused on providing responsive, flexible and reliable personal service to highly qualified and experienced real estate developers who buy, renovate, and sell single family residential real estate and/or multi-family apartment buildings. Recently acquired by Goldman Sachs in 2018, the Company's strategy is to dramatically grow core business nationally and enter adjacent products/markets to achieve $3+billion in originations by 2020.

SUMMARY

The Loan Analyst (LA) is responsible for assisting the origination team, primarily the Relationship Manager, to convert a loan application into a funded loan by assisting the origination team in getting the loan through the Genesis origination process. The LA will communicate both internally, with third party vendors and the borrower to support the funding of loans in a timely manner while providing an excellent customer experience throughout the loan process.

ESSENTIAL FUNCTIONS INCLUDE THE FOLLOWING. OTHER DUTIES MAY BE ASSIGNED.

• Interface directly with existing borrowers and their respective teams, for asset “needs list” items, and getting applications ready as quickly as possible for initial underwriting review and funding
• Manage a high-volume loan pipeline and ensure loans close as scheduled and in compliance
• Ensure third-party vendor orders are placed and received within agreed upon SLA
• Conduct quality control of transactional documents such as title commitments, purchase contracts, escrow instructions, deeds, closing statements and other documentation common to purchase and refinance transactions. Familiarity with assignments, double escrow, cash purchases, auction purchases, non-arm’s length transactions and other non-traditional circumstances is a plus
• Coordinate lien resolution with title (and third parties) such as city liens, substandard liens, subordinate liens
• Prepare and submit complete loan files for asset underwriting
• Pipeline management and collaboration with multiple internal departments for closing including Evaluations, Asset and Construction Underwriting, Docs and Legal
• Update internal loan processing system which include data fields, transactional documentation, and notes
• Responsible for requesting and reviewing prior to doc, prior to funding and post-closing conditions
• Responsible for releasing loan documents and coordinating signing with Notary Public as needed
• Demonstrates problem solving skills and sound judgment by gathering and applying relevant data to research and resolve issues
• Perform functions to move loans quickly through the pipeline, including but not limited to:I
  • Input and request title, escrow, insurance, flood certification
  • Request 3rd party vendor orders
  • Request 3rd party reports to be ordered (i.e., appraisal)
  • Prepare and send regulatory disclosures (MLDS, Fair Lending Notice, ECOA – Notice of Right to Receive Appraisal)
  • Complete/send Cook County, Illinois analysis to Compliance (if necessary)
  • Ensure minimum needs list items are received for initial underwriting
  • Request signature block
  • Assist Relationship Manager in reviewing/clearing conditions
• Create a positive customer experience by effectively and comprehensively communicating Genesis’s needs list and timelines for loans and funding
• Maintain and update pipeline status, funding dates, etc. to support pipeline management on a regular basis
• Assist in the maintenance of an extensive Genesis digital filing system according to internal guidelines and naming conventions
• Perform other functions and assist with other projects as assigned

PROFESSIONAL EXPERIENCE/QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Must have high school diploma; bachelor’s degree preferred
• Minimum 1 to 2 years’ experience working in the real estate related industry preferred
• Experience in private money lending, underwriting or construction finance a plus
• Understanding of mortgage underwriting and funding process
• Excellent customer service skills
• Detail oriented and organized with ability to multi-task
• Self-motivated with strong desire to succeed
• Understanding of the real estate or financial services sector
• Strong verbal and written communication skills
• Ability to interface with high-powered clients and their teams
• Team player with a positive attitude
• Ability and desire to work in a fast-paced, deadline-oriented environment
• Ability to work with little supervision and take ownership of responsibilities
• Adaptability to perform well in a changing, fast-paced work environment

Company Description

Genesis Capital, subsidiary of Goldman Sachs, is one of the largest private money lenders in the country, focused on providing commercial real estate financing solutions to real estate developers who buy, renovate, and sell single-family residential real estate and/or multi-family apartment buildings.