November 19, 2024

Redwood Trust Inc

Irvine

FULL TIME

SAB Loan Closer

Position Summary
The Loan Closer will be responsible for the working with internal teams and external stakeholders to facilitate the documentation and closing of real estate financing transactions. The ideal candidate is detail-oriented, a strong communicator, and eager to learn the processes utilized in the closing of single asset bridge (SAB) loans. SAB covers a variety of loans including fix and flip, ground up construction, and bridge transactions.
Responsibilities & Duties

Review title commitments to ensure compliance with Core Vest’s standards.
Drafting of unsigned documents upon underwriting approval for real estate financing transactions.
Work with underwriting, internal legal, and escrow to facilitate an efficient loan closing process.
Assist with the review of closing packages to ensure that they are complete, and deals are ready for funding.
Effectively apply project coordination and loan closing standards.
Develop, and implement, best practices and processes for real estate financing transactions.
Communicate effectively and productively with underwriters, loan managers, loan originators, and other key people and departments involved in real estate financing transactions.
Serve as backup for other key people and departments when someone is out of office.

Required Experience & Skills

Paralegal certificate, bachelor’s degree, or equivalent work experience
Preferably 2+ years working experience in commercial real estate loan transaction experience
Strong working knowledge of mortgage loan documents
Escrow and title experience are pluses
Proficiency in Word, Power Point, and Excel
Strong written and verbal communication skills
Strong attention to detail and organizational skills

A reasonable estimate of the base compensation range for this role is $70 - 90K annually. The actual salary offer to the successful candidate will be based on job-related education, geographic location, training, licensure and certification, and other factors. Our company also offers a competitive benefit package including discretionary corporate bonus program, multiple health plans, STD and LTD options, company sponsored life insurance, fitness reimbursement, paid parental leave, time to volunteer, Paid Time off, ESPP, and 401K matching.
At Redwood Trust, we are committed to fostering an inclusive workplace where diversity is valued, and everyone has the opportunity to thrive. We welcome applications from individuals of all backgrounds and experiences. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.