Ready Capital · 3 months ago
Sr Analyst, Loan Close Sp
Berkeley Heights, NJ
Full-time
Onsite
Mid, Senior Level
$95K/yr - $115K/yr
2+ years expReady Capital is a company focused on lending services, and they are seeking a Senior Analyst for their Loan Closing team. The role involves processing loan applications, performing due diligence, and ensuring compliance with lending policies and regulations while interacting with various stakeholders to facilitate timely loan closings.
Financial ServicesMortgageReal Estate
Responsibilities
Process approved loan applications in accordance with ReadyCap Lending, LLC (RCL) policies, SBA SOPs, state and local lending laws
Perform due diligence on loan file and documentation received
Review and analyze items received to ensure file is accurately documented to perfect liens security interest
Ability to prepare, review and make determinations on acceptability of loan closing documents
Interact with closing counsel and deal team to obtain necessary documentation required for loan file and to accomplish accurate and timely closing/funding of loan transactions in accordance with credit approval memorandums
Communicate and interact regularly with federal and state regulators and agencies
Must exhibit expertise on the content of standard loan closing documents and answer customer generated questions
Review Request for Credit Approval, Write-up and Commitment Letter within 24 hours of receipt of legal file, conduct introductory call to borrower and prepare/send Closing Checklist detailing documentation required for loan closings
Regularly liaise with federal and state regulators
Follow up, review and approve all Closing checklist/borrower due diligence items required for loan closing
Determine what is required to perfect security interest in collateral and decide when loan file is ready to close
Analyze supporting documents provided by borrowers and third parties to determine if they meet RCL approvals/standards and make decision that loan is thoroughly documented in accordance with RCL and SBA policies and credit approval memorandums
Ensure all required hazard, contents, liability and/or flood insurance coverage has been obtained on industry required forms naming RCL as mortgagee and/or loss payee
Maintain excellent level of customer service by being responsive to calls and emails from borrower and inside staff regarding loans in process within 24 hours of receipt
Order appropriate third-party searches (flood, good standing certificates, UCC, title, judgment and bankruptcy) for all borrowers/guarantors
Compliant with RCL policies/procedures and have knowledge of SBA SOPs and regulations Prepare and review all required SBA, legal and state specific documents required for loan closing
Become an integral part of the SBA Closing Team
Responsible for following updated SBA policy notifications when issued
Master RCL’s construction policy, follow guidelines in notifying SBA of any modifications to the construction project such as but not limited to extension of maturity date, increase or decrease to the loan amount
Responsible for reviewing site inspection reports for accuracy and process of the project as well as relaying any unforeseen issues to credit and management
Manage productivity by ensuring proper communication with borrower, general contractor and vendors to limit 1 to 2 disbursements per month
Act as liaison between Legal Counsel, Escrow, Title, deal team and all interested parties to coordinate document preparation, loan signing, funding, and closing
Review and approve closing settlement statements, escrow documentation, insurance, and outstanding loan conditions
Prepare funding information sheets detailing wiring information and use of loan proceeds
Coordinate with accounting to assure timely release of wires for loan fundings
Prepare closing packages of documents and ensure legal file is in compliance with RCL policies before transferring for Compliance Review
Provide assistance with portfolio acquisition due diligence Adhere to turn time requirements
Additional duties as requested by Closing Manager
Qualification
Required
Process approved loan applications in accordance with ReadyCap Lending, LLC (RCL) policies, SBA SOPs, state and local lending laws
Perform due diligence on loan file and documentation received
Review and analyze items received to ensure file is accurately documented to perfect liens security interest
Ability to prepare, review and make determinations on acceptability of loan closing documents
Interact with closing counsel and deal team to obtain necessary documentation required for loan file and to accomplish accurate and timely closing/funding of loan transactions in accordance with credit approval memorandums
Communicate and interact regularly with federal and state regulators and agencies
Must exhibit expertise on the content of standard loan closing documents and answer customer generated questions
Review Request for Credit Approval, Write-up and Commitment Letter within 24 hours of receipt of legal file, conduct introductory call to borrower and prepare/send Closing Checklist detailing documentation required for loan closings
Regularly liaise with federal and state regulators
Follow up, review and approve all Closing checklist/borrower due diligence items required for loan closing
Determine what is required to perfect security interest in collateral and decide when loan file is ready to close
Analyze supporting documents provided by borrowers and third parties to determine if they meet RCL approvals/standards and make decision that loan is thoroughly documented in accordance with RCL and SBA policies and credit approval memorandums
Ensure all required hazard, contents, liability and/or flood insurance coverage has been obtained on industry required forms naming RCL as mortgagee and/or loss payee
Maintain excellent level of customer service by being responsive to calls and emails from borrower and inside staff regarding loans in process within 24 hours of receipt
Order appropriate third-party searches (flood, good standing certificates, UCC, title, judgment and bankruptcy) for all borrowers/guarantors
Compliant with RCL policies/procedures and have knowledge of SBA SOPs and regulations Prepare and review all required SBA, legal and state specific documents required for loan closing
Become an integral part of the SBA Closing Team
Responsible for following updated SBA policy notifications when issued
Master RCL's construction policy, follow guidelines in notifying SBA of any modifications to the construction project such as but not limited to extension of maturity date, increase or decrease to the loan amount
Responsible for reviewing site inspection reports for accuracy and process of the project as well as relaying any unforeseen issues to credit and management
Manage productivity by ensuring proper communication with borrower, general contractor and vendors to limit 1 to 2 disbursements per month
Act as liaison between Legal Counsel, Escrow, Title, deal team and all interested parties to coordinate document preparation, loan signing, funding, and closing
Review and approve closing settlement statements, escrow documentation, insurance, and outstanding loan conditions
Prepare funding information sheets detailing wiring information and use of loan proceeds
Coordinate with accounting to assure timely release of wires for loan fundings
Prepare closing packages of documents and ensure legal file is in compliance with RCL policies before transferring for Compliance Review
Provide assistance with portfolio acquisition due diligence Adhere to turn time requirements
Additional duties as requested by Closing Manager
Average of 4-5 loans closed monthly or as modified by RCL management
Average calendar days to fund from date processed loan received in Funding
Percent of loans closed by contract closing date
Overall file quality rating as determined by Closing Manager
Quality control error percentage
Customer Satisfaction Survey results
Timing requirement on forwarding completed loan packages to Compliance Department
Ability to make independent decisions on a daily basis relating to loan portfolio
Upon receipt of a loan package, exercise discretion in reviewing, analyzing and determining closing requirements
Regularly exercise discretionary powers and independent judgment in decision-making in order to accurately complete all loan file due diligence
Ability to independently determine what is required to perfect security interest in collateral and decide when loan file is ready to close
Minimum of 2 years of commercial mortgage lending experience and/or relevant work experience in a functional role required or equivalent combination of education and experience
Knowledge of the SBA SOP Operate standard office equipment/computer
Proficient in Microsoft Office Suite, working with Word and Excel or similar spreadsheet software
Type accurately at a speed necessary to meet the requirements of the position
Organize work, set priorities and exercise sound independent judgment within established guidelines
Interpret, apply, explain and reach sound decisions
Ability to maintain files and records
Ability to prioritize and perform multiple tasks
Ability to answer loan document related questions from borrowers and referral sources
Excellent interpersonal skills
Detail oriented
Ability to read and comprehend instructions, short correspondence, and memos
Ability to write basic routine reports and correspondence
Ability to interact effectively with management, other employees, and customers as needed
Diplomacy in dealing with internal and external clients
Excellent communication skills
Basic credit skills required
Ability to perform basic calculations such as to add, subtract, multiple, and divide
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form
Ability review information and solve problems quickly
Strong ability to manage time
Achievement oriented, takes initiative, and ability to take direction
Strong organizational skills
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job
While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear
The employee is frequently required to stand and walk
The employee is occasionally required to reach with hands and arms; climb or balance and stoop, kneel, crouch, or crawl
The employee must frequently lift and/or move up to 10 pounds
Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus
Preferred
Bachelor's degree preferred
Paralegal Certificate preferred
Company
Ready Capital
Ready Capital is a multi-strategy real estate finance company
501-1000 employees
H1B Sponsorship
Ready Capital has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (1)
2022 (1)
Funding
Current Stage
Public CompanyTotal Funding
$1.46B2025-02-21Post Ipo Debt· $220M
2024-12-03Post Ipo Debt· $130M
2023-06-12Post Ipo Debt· $648.6M
Leadership Team
Gary Taylor
Chief Operating Officer
Jordan Goforth
Managing Director - Head of Western US
Recent News
2025-09-29
Ready Capital Corporation
2025-07-31
Company data provided by crunchbase