Funding Specialist

Job Description

LendingHome is a real estate tech company. We won our leadership position in the hearts and minds of our customers by leveraging technology and data to solve their financing needs, and are now building on that success to offer them additional services to help them build and grow their businesses.

The Team

With our built-from-scratch technology that covers every stage of the loan process, LendingHome has opened access and simplified a way for real estate investors—both novice and experienced—to get financing, generate wealth, and build businesses. Since founded in 2013, we have funded over $7 billion dollars worth of loans across about 32,000+ projects, becoming the nation's largest hard money lender. Combining the best technology and the most knowledgeable people, LendingHome has grown to a team of over 300 and has won many awards over the years including Forbes Fintech 50, Finovate Awards: Best Digital Mortgage Platform, Fast Company’s Most Innovative Companies, and many more. LendingHome is uniquely positioned to become the next great financial services brand powered by the most advanced mortgage platform in the world.

Loans funded: More than $7 billion
Market Share: Increased from ~2.5% in Q1 2020 to over 5.5% in Q3 2020.
Financial Impact: Since April 2020, LendingHome has been profitable every month, a rarity for a fast growing fintech company.
Geography: Lending in 28 states, which account for more than 80% of the nation’s real estate market
Homes financed: About 32,000
Principal and interest returned to investors: More than $5.18 billion
Employees: About 320 employees, scaling to 400 in 2021

This is a position that can be based anywhere in the United States, remote or in-office. Our hybrid distributed workforce philosophy allows us to find the best talent in the country and build diverse teams, while allowing our teammates to work from the location that works best for them, whether that is their home office or one of our office locations. We have offices in San Francisco, CA and Pittsburgh, PA for those of you that live local and want to work from the office. We also plan to use these spaces to bring together teammates and drive creativity and innovation.

The Role

The objective of the closing department is to efficiently bring a loan transaction to closure by accurately drawing documents both to the requirements of our investors and to the request of our borrower clients. They must also protect the company integrity through thoughtful review of all closing conditions and requirements involving, but not limited to accurate reconciliation of fund disbursement, on point communication to all settlement agents, and timely coordination of 3rd party documents (hazard insurance, flood insurance, and title commitments). The Funding Specialist is responsible for guiding our loans after the loan closing documents have been prepared through the funding and closing of the loan. Along the way, you will foster relationships with our closing agents, brokers and borrowers, as well as internal team members as you work with them to make the process of borrowing through LendingHome smooth and simple.

Responsibilities

• Work with the loan origination team, closing agents and borrowers to ensure a quick, accurate and pleasant closing experience
• Ensure timely and accurate processing of loans once the loans enter your queue, including but not limited to:
• Reviewing signed closing documents to ensure all documents are present and have been signed properly and ensure all conditions have been met
• Requesting wire to be sent
• Following up for any post closing documents
• Speak up and suggest improvements wherever you see an opportunity
• Adhere to and comply with all applicable federal and state laws 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

Qualifications

• You have an Associate or Bachelor’s degree, or
• 3-5 years experience in document drawing and/or funding; escrow officer or insurance agent experience a plus
• Track record as a self-starter, with excellent time management skills, and a strong desire to learn
• You have the ability to define problems, collect data, establish facts and draw valid conclusions
• You have excellent written and oral communication skills
• Open to feedback, comfortable speaking up and asking questions and able to follow a proven process
• You are flexible and can work in a dynamic environment of rapid change in procedures and prioritization
• You have excellent technology skills, including: Microsoft Word & Excel, Google Docs & Sheets, Adobe Acrobat; and you love learning new technology
• If you have experience in the residential or business purpose mortgage space (post closing or loan operations), that’s excellent. If not, we have a training program designed to build skills you’ll use throughout your career and life

LendingHome in the News

• Forbes: The Future Of Real Estate: Fintech 50 2019
• Pittsburgh Business Times: Voted a “ 2019 Best Places to Work ” and won first runner-up in large company category
• Mortgage Professional America: LendingHome surpasses $5 billion in loans in five years
• Pittsburgh Business Times: San Francisco fintech aggressively expands, looks to hire in Pittsburgh
• Curbed: How Wall Street, Silicon Valley Institutionalized Home Flipping

Benefits and Perks

• Career Growth: We foster an environment that encourages opportunities to use your voice, make an impact, and move towards your long-term goals.
• Lunch & Snacks: Hungry? We have you covered! Enjoy catered lunches and Bagel Wednesdays—and don't forget to take your pick of healthy snacks and drinks daily from our fully stocked kitchen.
• Work-life Balance: With our flexible time off policy, you can enjoy a well-rounded lifestyle while easily balancing work, travel, loved ones, and passions.
• Family Matters: We know your role here might not be the only one you have. Enjoy your job as a parent and welcoming your new bundle of joy with our competitive parental leave policy.
• Commuter Benefits: Travel from A to B without the stress. We help you save money on your commute to work with pre-tax deductions and a monthly stipend.
• Product Ownership: We recognize your hand in making our business great. With offered equity, you can claim your stake in our growth.
• Health Insurance: Your well-being is important to us. Our comprehensive medical, dental, and vision plans ensure that your mind and body are in good keeping.