Genesis Capital (the "Company") is one of the largest business purpose lenders in the country, focused on providing commercial real estate financing solutions to real estate developers who buy, renovate, and sell single-family and/or multi-family residential real estate. The Company is a subsidiary of Rithm Capital (parent company), a publicly traded mortgage real estate investment trust.
The Document Specialist is responsible for the creation and review of the loan documents to ensure they meet both Genesis Capital as well as our investor guidelines while adhering to Agencies and Regulatory regulations. In addition, this position will ensure that all pre-funding functions with underwriting and compliance within the Retail, Wholesale and Leverage business channels are met.
Principal Duties:
Reviews the mortgage loan file documents to ensure Genesis Capital and Investor requirements are met and that all required documentation in such files is accurate and properly executed include the following.
Prepares, reviews and distributes loan documents.
Tracks and verifies receipt of loan documents once funded.
Conducts QC on signed loan documents against Loan Origination System to confirm the accuracy and completeness of loan documents.
Reviews and verifies recording information, borrowers' names, subject property address, loan amount, number of pages, live signatures, attached riders and notary acknowledgement on deeds of trust.
Reviews and verifies on loan documents borrower name, subject property address, loan amount and loan terms including but not limited to interest rate, APN, vesting, guaranty information.
Works with internal teams to resolve loan file deficiencies and discrepancies such as incomplete loan documents and/or signatures, incomplete or inaccurate appraisals and title reports in a timely and effective manner.
Receives and reviews monthly sellers report from investors regarding outstanding trailing documents needed/requiring corrections. Work as liaison between borrowers, processing and leverage team to obtain the necessary documents.
Identify and propose solutions for recurring errors in loan documents. Works with manager to reduce errors and improve efficiency of the loan documents process.
Works closely with Credit Underwriters, Asset Underwriters, Loan Analysts, Loan Officers and Borrowers.
Works with legal team to create/modify loan documents.
Other duties may be assigned. Education and Experience
The right candidate should have 3-5 years of relevant experience and possess the following qualifications and experience:
Must have High School Diploma or equivalent.
Bachelor's degree preferred.
2 -5 years' experience working within Quality Control, Quality Assurance or Compliance within the mortgage industry.
Working knowledge of Regulatory Compliance laws, as well as underwriting guidelines.
Demonstrate responsibilities for multi-faceted direction and planning; must be a fast-paced individual.
Complete understanding of the mortgage banking business and related underwriting processes..
Excellent customer service skills (internal/ external).
Strong analytical and quantitative skills.
Proficient in Microsoft Office products with an emphasis on Excel, Word, Outlook.
Excellent written and verbal communication skills. Knowledge, Skills, and Abilities
An energetic and dynamic professional with a willingness to learn.
Ability to work both independently and as a team player.
Strong analytical and quantitative skills.
Ability to adapt to a rapidly changing business and technology environment.
Exceptional problem-solving skills.
Strong interpersonal skills to build strong, cohesive relationships.
Ability to prioritize and manage complex scheduling and document tracking.
While this description is intended to be an accurate reflection of the position's requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.
By applying for this position, the candidate acknowledges that this is not a remote role and is required to be on-site.
Compensation Range: $28.00 - $31.00 per hour
Equal Employment Opportunity
We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.
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