Apply on Employer Site

Ascent Developer Solutions · 1 day ago

Documentation Specialist

Los Angeles, CA

Full-time

Hybrid

Senior Level

$28.85/hr - $43.27/hr

5+ years exp

Ascent Developer Solutions is a leading private lending platform specializing in real estate development. The Documentation Specialist is responsible for preparing and reviewing loan documents for commercial real estate and construction loans, ensuring compliance and facilitating loan closings.

Financial ServicesReal Estate Investment

Responsibilities

Obtain and review all necessary loan information to prepare appropriate loan documents, including credit approvals, appraisals, borrowing authority documentation, contracts, title information, and any additional information as needed to perfect the AscentDSs position and reflect the terms of the credit approval. Take appropriate action on any issues that arise to meet the requested document due date

Prepare real estate loan documents (i.e., loan agreements, financing statements, notes, trust deeds, disclosure statements, etc.) based on knowledge of loan type and of Operational policies and procedures. Participate in loan document negotiation with the borrower and relationship manager. Ensure compliance with all federal and state laws and regulations

Work with the Legal Department or outside counsel when appropriate to coordinate the preparation of real estate documents or to obtain specific legal language as needed. Determine whether standard documents can be used, or if assistance from the Legal Department is required in the document preparation. Analyzes the organizational documents (i.e., partnership agreements, trust agreements, etc.)

Facilitate loan closing, ensuring that all loan documents are properly executed; comprehensive recording instructions to title company are prepared and delivery is verified; loan is recorded, booked and funded accurately and expeditiously. Establish reserve accounts and verify information is reflected in the loan documents and on the cost breakdown

Review existing loan file for uncleared audit exceptions and prior to Loan Analysis Meeting

Acts as liaison to other departments within the Bank to resolve questions pertaining to documentation; may contact customers or their professional representatives for responses to documentation or collateral questions as directed by supervisor or requested by Relationship Managers

Reviews all completed documents to ensure that documents were signed by the borrower(s) and approved by the loan officers as appropriate; ensures completed loan documents are distributed within time completion guidelines

Recommend and implement best practices as part of the AscentDS dedication to creating an industry-leading customer experience

Qualification

Real estate documentationLoan document preparationRisk assessmentFinancial software proficiencyAttention to detailOperational risk knowledgeConstruction loan underwritingParalegal experienceInterpersonal skillsWritten communication

Required

5+ years of experience in real estate documentation

Experience in both Residential Construction and Commercial CRE operations, risk assessment and QC, preferably in a financial services or lending institution

Familiarity with business purpose and/or construction loan underwriting

Good knowledge of operational risk and loan processing workflows

Exceptional attention to detail and adherence to internal standards

Strong interpersonal and written communication skills

Proficiency in financial software tools, including standard LOS and servicing platforms