About Arixa Capital
Arixa is seeking a Loan Processor to support the Company’s growth and development as one of the leading non-bank real estate lenders in the Western U.S.
Arixa is truly differentiated in our market. Arixa is both an investment manager and a lending platform, while our competition is almost exclusively lenders who do not manage discretionary funds. That allows Arixa to customize solutions for borrowers without special approvals from distant committees or boards of Managers that don’t understand our business. Arixa also manages money that comes from top tier institutional investors, giving Arixa substantial capacity to grow.
We place organizational health at the top of our priority list. In 2018, Arixa undertook an exercise to place organizational health at the center of our business model. The result is that we developed a playbook that incorporates input from every Arixa team member, making sure that we remain aligned, and everyone knows what is most important - covering our mission, our values, and our top priorities each year.
More information on Arixa can be found online at www.arixacapital.com.
Job Description
Arixa is seeking a motivated and detail-oriented Loan Processor. As a Loan Processor, you will play a critical role in the heart of our Private Lending Business. You’ll be responsible for processing Bridge and Construction loans from application through closing to ensure a smooth process, including receiving Letter of Intent (LOI) and obtaining all documentation required for underwriting, approval, and closing. You’ll work directly with Client Relation Managers and Underwriters to process requests efficiently and accurately. We seek someone who is intellectually curious, holds themselves to high standards and can thrive in a high achieving, fast paced cultural environment.
Summary of Primary Responsibilities:
While not an all-inclusive list of responsibilities, the Loan Processor, will be responsible for:
Primary Duties & Responsibilities
- Provide support to Client Relations and Underwriting teams by ensuring timely and accurate processing, documentation and closing of new loans and modifications
- Maintain an active loan pipeline to ensure key dates and timelines are met, track LOI’s received and all correspondent documentation necessary to process loan from initial set-up through closing
- Reviews and reconcile all documentation to ensure accuracy of data in Salesforce
- Order, review, and track all third-party reports such as flood determination, Funding Shield and property insurance. Ensure property insurance meets Arixa’s requirements
- Order payoff demands and any other items required to clear title exceptions
- Open Escrow and Title, order indemnity package on construction loans. Work closely with Escrow and Title to coordinate closings and clear any hurdles that could delay funding
- Follow up on open underwriting conditions throughout the loan process and satisfy prior to clear to close or funding
- Coordinate and/or support Loan Originators, Client Relation Managers, Underwriters, and Closers on various items needed to process and close the loan
- Input proper loan information into Salesforce
- Manage deadlines and prioritize tasks in a fast-pace environment
- Work on special projects as needed or other duties as may be assigned
Requirements
- Bachelor’s Degree preferred but not required.
- 4 to 5 years of processing, account management, or operation fulfillment experience required, preferably in private lending.
- Strong organizational and multi-tasking skills with strong initiative.
- Knowledge of mortgage loan products, guidelines, and regulations.
- Possesses the ability to apply critical thinking and problem-solving skills while adapting to change quickly.
- Detail oriented and highly organized that works well in a fast-paced team driven environment
- Excellent verbal and written communication skills.
- Collaborative team player with strong interpersonal skills
- Experience working with Salesforces is a plus.
- This LA-based position requires in-office work 3 days per week, to ensure close alignment among all team members.
- Work Environment: This position typically operates in a professional office environment. Occasional evening and weekend work may be required to meet deadlines or address urgent issues
Compensation
This position is exempt full time, with Pay Range: $70K to $80K plus discretionary bonus potential.
Benefits
The employee is eligible for the following benefits:
Annual discretionary bonus program
Medical, dental and vision insurance
Exceptional health and wellness benefits programs
Two weeks (10 days) paid time away including vacation and sick time.
All major holidays (8 days)
One floating holiday
Note: This is not an all-inclusive list. The Manager of Client Relations will be involved and participate in related business matters and duties as assigned. Arixa is an ‘at-will’ employer.
