Production Analyst
Redwood Trust
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- Pay
- $71K to $81K
- a year
- Location
- Los Angeles, CA
- Job type
- Full time
- Posted
- Oct 22
- 3 days ago
Career path
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About the company
Redwood Trust
Financial services · 51 to 200 employees
CoreVest Finance is the leading provider of debt financing for residential real estate investors. We provide construction loans, bridge loans, acquisition credit lines and long-term debt solutions for residential properties across multiple asset classes.
What you'll do
- Work with Relationship Managers and other deal team members to evaluate potential financing transactions.Conduct initial underwriting (budget analysis, income and expense analysis, loan sizing and structuring) for a variety of loan products, including but not limited to construction loans, bridge loans, credit lines, DSCR loans and term loans.Assist deal teams in underwriting activities as necessary.Assist in developing credit memos for loan committee approval.Interact with potential borrowers and brokers to source new bridge, term, fix and flip, and DSCR loans.Respond to inbound customer inquiries and conduct outbound sourcing activities.Attend conferences and in-market investor events to develop customer relationships.Perform other related duties or special projects as necessary.Exercise discretion and independent judgment to complete work assignment.
- Conduct initial underwriting (budget analysis, income and expense analysis, loan sizing and structuring) for a variety of loan products, including but not limited to construction loans, bridge loans, credit lines, DSCR loans and term loans.
- Assist deal teams in underwriting activities as necessary.
- Assist in developing credit memos for loan committee approval.
- Interact with potential borrowers and brokers to source new bridge, term, fix and flip, and DSCR loans.
- Respond to inbound customer inquiries and conduct outbound sourcing activities.
- Attend conferences and in-market investor events to develop customer relationships.
- Perform other related duties or special projects as necessary.
- Exercise discretion and independent judgment to complete work assignment.
What you need
- Work with Relationship Managers and other deal team members to evaluate potential financing transactions.Conduct initial underwriting (budget analysis, income and expense analysis, loan sizing and structuring) for a variety of loan products, including but not limited to construction loans, bridge loans, credit lines, DSCR loans and term loans.Assist deal teams in underwriting activities as necessary.Assist in developing credit memos for loan committee approval.Interact with potential borrowers and brokers to source new bridge, term, fix and flip, and DSCR loans.Respond to inbound customer inquiries and conduct outbound sourcing activities.Attend conferences and in-market investor events to develop customer relationships.Perform other related duties or special projects as necessary.Exercise discretion and independent judgment to complete work assignment.
- Conduct initial underwriting (budget analysis, income and expense analysis, loan sizing and structuring) for a variety of loan products, including but not limited to construction loans, bridge loans, credit lines, DSCR loans and term loans.
- Assist deal teams in underwriting activities as necessary.
- Assist in developing credit memos for loan committee approval.
- Interact with potential borrowers and brokers to source new bridge, term, fix and flip, and DSCR loans.
- Respond to inbound customer inquiries and conduct outbound sourcing activities.
- Attend conferences and in-market investor events to develop customer relationships.
- Perform other related duties or special projects as necessary.
- Exercise discretion and independent judgment to complete work assignment.
- Education: a bachelor's degree
Key skills
MS ExcelWordPowerPointattention to detailmultitaskreal estatecommercial lending
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Perks
- corporate bonus program
- multiple health plans
- STD and LTD options
- company sponsored life insurance
- fitness reimbursement
- paid parental leave
- Paid Time off
- 401K matching
See full description on company page, apply now
Read the full posting here
Position Summary
CoreVest Finance is the leading provider of debt financing for residential real estate investors.
We provide construction loans, bridge loans, acquisition credit lines and long-term debt solutions for residential properties across multiple asset classes. The Originations Analyst will work with our team of Relationship Managers to source and structure new loans, analyze financing transactions and work directly with current and new customers. This is an excellent opportunity to work in a fast-paced team environment and quickly build both quantitative and customer-facing skills, expertise related to structuring commercial loans and work closely with senior CoreVest executives.
Responsibilities & Duties
Work with Relationship Managers and other deal team members to evaluate potential financing transactions.Conduct initial underwriting (budget analysis, income and expense analysis, loan sizing and structuring) for a variety of loan products, including but not limited to construction loans, bridge loans, credit lines, DSCR loans and term loans.
Assist deal teams in underwriting activities as necessary.
Assist in developing credit memos for loan committee approval.
Interact with potential borrowers and brokers to source new bridge, term, fix and flip, and DSCR loans.
Respond to inbound customer inquiries and conduct outbound sourcing activities.
Attend conferences and in-market investor events to develop customer relationships.
Perform other related duties or special projects as necessary.
Exercise discretion and independent judgment to complete work assignment.
Required Experience, Skills, & Competencies
Bachelor’s Degree (Real Estate, Finance, Business Management, Economics, Accounting, Statistics, Data Science)
(0-1 years, this is entry level and targeting recent college graduates and those new to the workforce). Ideally, some experience in real estate, commercial lending, finance or a related field
Strong quantitative and qualitative skill set and superior attention to detail
Ability to multitask and perform in a fast-paced work environment
Excellent MS Excel, Word and PowerPoint skills
Some travel required (Quarterly)
Daily phone and/or in-person interaction with customers
A reasonable estimate of the base compensation range for this role is $71,000-$81,000. The actual salary offer to the successful candidate will be based on job-related education, geographic location, training, licensure and certification, and other factors. CoreVest also offers a competitive benefit package including discretionary corporate bonus program, multiple health plans, STD and LTD options, company sponsored life insurance, fitness reimbursement, paid parental leave, time to volunteer, Paid Time off, ESPP, and 401K matching.
At Redwood Trust, we are committed to fostering an inclusive workplace where diversity is valued, and everyone has the opportunity thrive. We welcome applications from individuals of all backgrounds and experiences. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.