Bridge Loan Specialist

The Bridge Loan Specialist role is a hybrid processing and underwriting role. As a Bridge Loan Specialist you will be responsible for reviewing Knock Bridge Loans to verify the loan is complete, accurate, and meets regulatory compliance requirements. The Bridge Loan Specialist is also responsible for providing quick turn times, high-level customer service, technical assistance, and quality assurance on multiple loans simultaneously.

• Calculate Knock Bridge Loan advance amounts using internal calculations and guidelines
• Proper and effective pipeline management with an average of 5 new loans a day and 5 resubmissions per day staying within a 24 hour turn time
• Accurately condition loan files based on the loan application and file documentation
• Consistent communication internally providing loan status and approval updates
• Effective and consistent communication with external Lending Partners, Agents, and Borrowers
• Review title reports and homeowners/flood insurance to ensure Knock’s lien position and security interest
• Understand and stay current with all company policies, procedures, industry regulations, and other changes that affect the industry and Knock
• Continually learn, grow, and expand your knowledge, while supporting others’ learning experiences; act as a mentor and be a resource for others inside and outside of your assigned team
• Take on ad-hoc projects as they arise and always be willing to support the team where they need you

Qualifications - You’ll Bring:

• Successful experience working as a Senior Mortgage Loan Processor or Junior Underwriter with knowledge of underwriting processes and lending systems within the last 2 years
• Analytical thinking skills with adept decision-making ability to make strong lending decisions and to be able to translate guidelines
• Organizational skills to manage many competing priorities to meet deadlines in a fast-paced startup environment
• Be an over-communicator with exceptional written and verbal communication skills including experience in the last 12 months speaking directly to borrowers requesting loan documentation and/or to explain the loan process
• Proven success carrying an active pipeline of at least 35 loans per month while thriving in a fast-paced, changing, growth environment
• Highly efficient with a history of success at managing multiple tasks at once
• Strong knowledge of various loan products, credit reports, and loan-to-value ratios
• Encompass experience required
• DataVerify Drive Fraud experience required
• Have proven success working 100% remote in prior positions & are experienced working with a distributed, national team
• Innate ability to learn new technology and ramp up personal skills quickly through self-learning, research, and asking the right question
• Central or Eastern Time Zone OnlyPassion for real estate disruption and excitement to make an impact in people’s lives
• Belief in creating diverse, equitable, and inclusive practices and programs that will further Knock’s commitment to making an impact, learning, putting people first, being open, and courageous
• Education: High school diploma or equivalent
• We encourage you to apply even if you don’t have every listed requirement

Physical Requirements:

• Set up and constantly operate a computer
• Communicate and exchange accurate information to others via telephone or internet video applications

The candidate must be able to perform the essential functions of the job, with or without reasonable accommodation.

Compensation and Benefits:

The candidate must be able to perform the essential functions of the job, with or without reasonable accommodation.

Our Compensation Philosophy: As a remote first fully remote (U.S.-based) workforce, our goal is to ensure that all Knockstars are fairly compensated. Please note that the salary range information that follows is a good faith estimate for this position: $70,000 USD + incentive program(bonus). This job posting expires on June 11, 2024.