Closer

Summary

Join Kiavi, a leading private lender to residential real estate investors, as a Portfolio Loan Closer! You will manage loan documentation and closing, ensuring compliance with company requirements. This role involves coordinating with various stakeholders, including closing agents, legal counsel, and borrowers, to facilitate a smooth and efficient closing process. You will review documents, verify conditions, and manage fund disbursement. The position offers remote work flexibility and a competitive compensation package. Kiavi is committed to helping REIs revitalize U.S. housing stock and provides a supportive and collaborative work environment. We offer a competitive salary and a comprehensive benefits package.

Requirements

• High school diploma or Equivalent
• 3+ years experience in mortgage loan closing; candidates should have experience in commercial loans or commercial real estate finance. Experience in residential mortgage lending might also be considered relevant
• Strong understanding of mortgage loan products, processes, and regulations
• Excellent computer skills, including: Microsoft Word & Excel, Google Docs & Sheets, Adobe Acrobat; and you love learning new technology
• Strong organizational and time-management skills with the ability to manage multiple closings simultaneously and work efficiently under deadlines
• Ability to liaise with various stakeholders, including loan officers, attorneys, underwriters, borrowers and title companies. Excellent written and verbal communication skills are required
• Exceptional attention to detail and accuracy
• Open to feedback, comfortable speaking up and asking questions and able to follow a proven process
• Flexibility to work in a dynamic environment of rapid change in procedures and prioritization
• Track record as a self-starter and a strong desire to learn

Responsibilities

• Ensure a quick, accurate and pleasant closing experience by working with the loan origination team, closing agents, legal counsel and borrowers
• Process loans once the loans enter your queue, by performing the following tasks including but not limited to: Review preliminary title reports / title commitments to ensure compliance with Kiavi Standards
• Collaborate with title companies and legal counsel to finalize closing details
• Work with the borrower to address any last-minute questions or concerns related to the closing process
• Verify that all conditions and stipulations outlined by the underwriters are met before issuing closing instructions
• Confirm final disbursement amounts align with approved loan terms
• Maintain clear and professional communication with borrowers and internal teams throughout the closing process
• Collaborate with title and treasury to manage the disbursement of loan funds
• Following up for any post closing document
• Speak up and suggest improvements wherever you see an opportunity
• Ensure accuracy, compliance and completeness of all documents in line with legal and regulatory standards and company policies
• Perform other duties and responsibilities as required or as assigned by the supervisor
• Propose improvement to our closing process, to make it as efficient and pleasant as possible
• Speak up and suggest improvements wherever you see an opportunity
• Ensure accuracy, compliance and completeness of all documents in line with legal and regulatory standards and company policies
• Perform other duties and responsibilities as required or as assigned by the supervisor

Preferred Qualifications

• Bachelor’s degree preferred: A degree in finance, business, accounting, or a related field
• The ideal candidate will have prior experience with title and escrow processes

Benefits

• Medical, Dental, and Vision Insurance: Kiavi offers free employee-only coverage for medical, dental, and vision plans. Dependents receive a heavily discounted premium, competitively placed in the 90th percentile for cost
• Health Savings Account (HSA): For those enrolled in a High Deductible Health Plan (HDHP), Kiavi provides an annual employer contribution to HSAs: $500 for individual coverage and $1,000 for dependents
• Disability and Life Insurance: Immediate access to short-term and long-term disability insurance, as well as group life and AD&D insurance, with coverage at 1x annual salary
• Remote Work Policy: Kiavi supports working remotely for day to day activities for most roles and occasionally may ask employees to gather in person for key meetings, trainings, team building etc. For remote workers, Kiavi offers a one-time office setup reimbursement of up to $500 and a monthly $85 stipend for internet and phone expenses. For in-office workers, Kiavi offers employer contributions to commuter benefits account, either for parking or public transportation
• Flexible Time Off: Employees are empowered to manage their own time off, with no strict limits, as long as it's approved by their manager
• Paid Leaves: Up to 8 weeks of paid leave for medical or caregiver purposes, and 12 weeks of paid maternity/paternity leave. Short-term disability leave is also available for birthing mothers
• 401(k) & Company Match: A 401(k) plan managed by Fidelity, with Kiavi matching 100% of contributions up to 3% of compensation or $6,000 (whichever is less). All employer contributions are immediately vested
• Product Ownership: All employees think like an owner because all employees play a critical role in making our business great. Many roles are eligible for stock option grants