What are the responsibilities and job description for the Real Estate Paralegal position at Roc360?
FIRM BACKGROUND
Roc360 is a financial services and asset management platform for residential property investors in the United States. The firm connects fragmented loan markets with institutional capital through a branchless network of third-party originators, brokers, and in-house sales teams to originate loans to property investors who buy, rehab, resell, and/or rent properties. The firm originates and services multiple business-purpose loan products (“BPLs”), via various sales channels which, together with ancillary service offerings, provide an end-to-end experience that drives repeat customer transactions and profitability. The firm’s loan products include residential transitional bridge loans (“RTLs”) (including single and multi-unit properties) and Rental Loans (including single property rentals and rental portfolios).
Founded in 2014, Roc360 is headquartered in NYC, has over 350 employees globally across three continents, and can originate loans in 46 states and Washington, D.C. The firm’s founders have worked together for over 20 years and most of its senior management team has also enjoyed a long tenure at the firm. Through its proprietary technology-enabled Third-Party Originator and Direct-to-Borrower lending channels and strong brand recognition, the firm has funded over $10bn in loans since its inception.
POSITION
We are seeking a Real Estate Paralegal located in California to join our growing and fast-paced real estate closing team. The Real Estate Paralegal will manage a pipeline of real estate closings including bridge and rental loans on residential properties. The Real Estate Paralegal will be responsible for the end-to-end closing process, beginning from loan submission all the way to funding. On a day-to-day basis, tasks will include, but not be limited to, reviewing title reports, entity documents, loan documents, HUD/settlement statements, and granting funding approval. This is all expected to be done with an eye towards complying with company and investor/buyer guidelines.
The Real Estate Paralegal will close loans all throughout the country and will manage a high volume of files. Roc360’s closing process is highly tech-based with automation, closing rooms and a due diligence team that will assist and be made available to the Real Estate Paralegal for quality control and a heightened review of all files. Training will be provided.
The Real Estate Paralegal must possess exemplary attention to detail, be self-motived, have strong organizational skills and have the ability to make decisions independently, while managing risk and ensuring the quality and compliance with company and investor/buyer guidelines is being met.
Responsibilities will include:
• Handling loan files from submission to funding.
• Coordinating the closing and interacting with all associated parties.
• Reviewing tech-generated loan documents for accuracy.
• Reviewing title reports and negotiating title endorsements and affirmative coverage to ensure they are compliant with Roc360’s investor guidelines.
• Reviewing entity documents to ensure they are valid, binding, and compliant with Roc360’s investor guidelines.
• Reviewing HUDs and settlement statements for accuracy.
• Working alongside the internal quality control review team in processing all files.
• Working with the internal wires team to handle the funding of all files.
• Collaborating with Roc360’s closing and credit team to ensure investor guidelines are being met, risk is being managed, files are moving through the process efficiently and the best possible customer experience is being conveyed.
• Understand and appreciate the needs of clients, loan buyers, and capital providers and work collaboratively with the firm’s various other teams and departments.
QUALIFICATIONS / REQUIREMENTS
• California candidates only
• 2 years’ experience in a Real Estate Paralegal role, specifically as it pertains to closing real estate transactions. Lender-side representation preferred.
• Demonstrated familiarity and experience with a real estate transaction, including reviewing title reports and entity documents.
• BS/BA degree or higher.
• Familiarity with Microsoft products, including Word and Excel, and Adobe Acrobat.
• Excellent written and verbal communication skills.
• Strong time-management, organizational and execution skills.
• Experience handling a voluminous pipeline of real estate transactions is preferred.
• Ability to meet deadlines and work well under pressure.
• Highly motivated with a strong work ethic and desire to work in a fast-paced and fluid environment.
• Team-oriented and highly collaborative personality.
• Client satisfaction-oriented personality and demeanor.
• Title/ salary level will be commensurate with the candidate’s experience and background.
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Roc360 is an Equal Opportunity Employer. We respect and endeavor to empower individuals and support the diverse cultures, perspectives, skills, and experiences within our workforce.
