Servicing Specialist

Cleveland, Ohio, United States | Full-time | Partially remote

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The Role: Servicing Specialist

The Loan Servicing Specialist reports directly to the Manager of Servicing and is responsible for processing servicing requests & assessing risk from loan origination to payoff. This includes monitoring monthly payments, progress of construction, loan maturity dates and loan repayment.

Responsibilities:

  • Serve as the internal primary point of contact for the processing of construction draws, collection of monthly interest payments, processing of loan extensions, drafting of payoff statements, and other servicing related items.
  • Serve as a Subject Matter Expert (SME) with the ability to comprehend scope of projects and ascertain the ability and credibility of the Borrower focused on:
    • Providing exceptional service to our borrowers.
    • Proactively identifying risks to borrowers or projects
    • Coordinate and collaborate with Underwriting, Asset Management & Client Manager when risks are identified
  • Process construction draw requests.
  • Coordinate with third-party vendors to order project inspections.
  • Communicating with Capital Partners.
  • Review and process construction scope of work changes.
  • Work with the Finance Team to calculate and submit payoff requests.
  • Conduct Portfolio Reviews to ensure projects are progressing as planned and assessing risk.
  • Provide recommendations on loan extension requests as well as process finalized extensions.
  • Create and distribute various loan reports internally and externally.
  • Provide timely and detailed updates to investors as to the status of a given project.
  • Monitor and ensure insurance and property taxes remain current.
  • Work with borrowers to get set up ACH to facilitate automatic withdrawal processes.
  • Field general loan inquiries.

Skills and Qualifications

  • Organized and able to juggle multiple tasks in parallel.
  • Strong oral and written communications skills.
  • Business or communications degree preferred.
  • Ability to identify key issues and communicate through proper channels.  
  • Demonstrated ability to have high attention to details.
  • Technology proficient and adopter of change. 
  • A “we” first attitude focused on team success. 
  • Takes ownership of outcomes. Self-motivated. Not one to make excuses. 
  • Be quick on your feet. Know how to handle difficult conversations. 
  • Must be motivated by learning and self-improvement.

What we offer:

  • Base Salary commensurate with experience.
  • Performance-based bonuses.
  • Healthcare, dental, vision, and commuter benefits.
  • Unrestricted vacation policy.
  • Paid parental leave.
  • Stock options and 401(k).
  • Education reimbursement.

Why work for us?

We’re a venture-backed start-up based in NYC with an office in Cleveland and powered by an award-winning team. We were recently named to the Inc. 5000 list of Fastest-Growing Companies in America for the third year in a row.

At Fund That Flip, we value transparency, hard work, and results. We support personal and professional growth with an entrepreneurial culture that rewards those who push the bar higher for themselves and our company.

Who Are We?

Fund That Flip is laser-focused on offering developers a reliable source of capital so they can do what they do best – finding and rehabilitating homes, while at the same time creating new opportunities for investors to take advantage of the positive returns real estate can provide. Using modern technology, data, and access to capital via new legislation, we are modernizing the antiquated world of real estate investment.

To date, we've originated over $1 billion in loans. Through our technology platform, we offer our customers a superior product and service which includes greater transparency, ease-of-use, and value-add technology tools.