Project Manager

Company: Orange County Lending Firm
Location: Newport Beach
Posted on: January 19, 2023

Job Description:

The main objective of this position is to support the underwriting team so loan volume and thus total revenue can increase. You will coordinate the workflow of borrower draw requests including reviewing due diligence and processing draw approvals, as well as maintain oversight of loans at risk of default. -This role will be a liaison between lenders, borrowers, inspectors, internal teams, and our clients to coordinate incoming requests in a timely manner. You must have an innate ability to switch gears quickly, stay organized, focused, and prioritize a heavy workload. The lending department produces results above the industry norm so you must be prepared and have the ability to have difficult conversations. -This is a key position with an opportunity for growth. If you enjoy an exciting day's work alongside a brilliant team, you will absolutely love it here. -

Compensation: $50,000 - $55,000 + Commission (should represent 25% of base salary)

*This role does require you to work in person at our Newport Beach, CA office

Responsibilities:
--- Work in tandem with the underwriting team to collect borrower scope of work/draw schedule and audit for accuracy/reasonability - -
--- Communicate draw requirements/process with borrowers and set their expectations clearly - -
--- Review all incoming draw requests for completeness and accuracy - -
--- Evaluate the draw package to ensure compliance with loan terms, ask questions and compare it to the draw schedule prior to sending it off for approval -
--- Work with the Lender and Private Lending Team to coordinate approval and release of funds and document on our Website - -
--- Maintain knowledge of changing construction regulations and policies and provide feedback regarding new systems/processes -
--- Audit renovation loans monthly and present the reports to the private lending team at monthly Pipeline meetings -
--- Become an expert in evaluating and mitigating risks - -
--- Escalate risks identified to the Manager -
--- Liaise with Lenders, Borrowers, Attorneys, and third-party Vendors to identify action plan upon loans entering default - -
--- Manage loan defaults from start to finish including following up with all parties involved regularly -

Qualifications:
--- Bachelor's degree preferred -
--- 3 years of construction knowledge and project management skills are a plus -
--- Ability to work at a high volume -
--- Must be very detail-oriented and organized -

About Company:
We are a confidential full-service lending firm that offers home loan expertise to clients in the Orange County area.

Keywords: Orange County Lending Firm, Newport Beach , Project Manager, Executive , Newport Beach, California