Risk Mitigation Specialist

Company: Marshall Reddick Real Estate
Location: Huntington Beach
Posted on: March 15, 2023

Job Description:

The main objective of the Risk Mitigation Specialist 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, and 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:
Here at Marshall Reddick Real Estate, we enjoy working hard in a fast-paced, software-centered, fun, and rapidly changing real estate environment. We are a full-service residential real estate brokerage, property manager, private money lender, and investment fund manager. We have 150+ employees across 7 offices in CA, TX, FL, and TN. Founded in 1979 with new ownership in 2014, we are dedicated to creating transparent and consistent quality results.

Keywords: Marshall Reddick Real Estate, Huntington Beach , Risk Mitigation Specialist, Other , Huntington Beach, California