Funds Control Analyst - Marshall Reddick Real Estate
Newport Beach, CA 92660
About the Job
No phone calls or emails from recruiters or employment agencies. Do not contact us with unsolicited services or offers. All candidates must apply directly.
Who We Are
Here at Marshall Reddick Real Estate we are a fast-paced, software-centered, and rapidly changing full-service residential real estate investment firm. We provide multiple services to our clients including real estate brokerage, property management, private lending, and investment funds. We have a team of 150+ members across 9 offices in CA, TX, FL, and TN. Founded in 1979, we are committed to our mission to be the bridge connecting each client to financial independence through education, mentorship, and by providing a trusted system of buying, selling, and managing real estate and mortgages nationwide.
Our private lending division originates residential, non-owner occupied, non-conventional, asset-based loans for real estate investors, all of which are non-recourse eligible for our self-directed retirement account clients. We offer a financing solution for situations not covered by conventional lenders to include short-term options for fix/flip, fix/refi, bridge, new construction, and long-term 30-year rental/DSCR options.
What We Offer
Base Salary | $85,000 - $95,000
Monthly Bonus Potential | $1,000 - $2,000
Medical, Dental, Vision, Life
PTO (Vacation, Sick) Holidays, 401k matching, Real Estate Investment Bonuses
The Opportunity
We are seeking a Funds Control Analyst who can make an immediate impact inside our private lending division. The main objective is to receive, organize, analyze, approve, and facilitate the release of renovation and construction draws. This position is client facing and will support both borrowers and lender/investor clients. The private lending team operates in a speedy environment where attention to detail, organization, and compliance are of utmost importance. You must be able to quickly switch gears, stay focused, and prioritize a heavy workload. If you're passionate about real estate/lending and enjoy an exciting days' work alongside a brilliant team, you will absolutely love it here.
*This role will report daily to our Newport Beach, CA office. This is not a remote opportunity.*
What You'll Do
- Review the scope of work for renovation loans provided by the borrower and ask questions
- Help borrowers break the scope of work into phases and reiterate our funds control processes to include how to correctly submit a draw request
- Audit renovation loans monthly to ensure each has a phased breakdown and follow up accordingly
- Ensure, when applicable, a fully executed funds control/escrow agreement is on file for the renovation loans
- Contact permit authority, general contractor, and other 3rd parties as needed
- Receive, organize, and analyze borrower draw requests, ask questions, and compare to phased breakdown
- Deny borrower draw requests, communicate with them on why and what is needed to approve
- Approve and facilitate the release of borrower draw requests
- Communicate with lender/investor and/or escrow to get draws released
- Communicate with borrower to ensure funds were received
- Communicate changes regarding the scope of work or phased breakdown to the lender/investor
- Communicate with the borrower's insurance agent at project completion to see if the policy needs adjustment
- Receive, review, and organize notice of intent to lien, lien waivers, and other similar documentation
- Contact material suppliers, contractors, and/other tradesmen; investigate and mitigate as needed
- Escalate potentially problematic loans/situations to leadership
- Work in tandem with and support loan underwriting and coordination
- Participate in regular private lending team meetings
What Qualifies You
- Passionate about real estate and lending
- 2 years of property construction experience/knowledge
- Project management experience/knowledge
- Excellent written and verbal communication skills with a comfortability using video, telephone, text, and email (and enjoy it)
- Detail oriented and organized
- Customer service oriented with the ability to stay firm and adhere to company policy
PI251856387
Source : Marshall Reddick Real Estate
