At Asset Based Lending, LLC (ABL), we’re building one of the top hard money lenders in the nation and that with inspired, talented, and driven leaders. It with you! If you would like to be a part of the most innovative hard money lenders in the business and have a passion for real estate, you have found the right place.
ABL is seeking a full time Loan Due Diligence Reviewer to join our Credit Facility / Warehouse Analyst group. This is a full-time position to work from either our Jersey City, NJ facility or work in a Hybrid environment once training is completed This position is ideal for loan processors, closing admins, QC/QA personnel who are familiar with investor purpose business loans in both the bridge and 30-year DSCR space.
This position is responsible for ensuring completeness and accuracy of all loan documentation and supporting data prior to loan close. In addition, the colleague will be tasked with sourcing missing documentation and responding/clearing all material exceptions relayed by the diligence firms in accordance with the company's due diligence policies and procedures, secondary mortgage market and/or investor requirements, and applicable laws. This position requires strong knowledge of mortgage market underwriting, agency, non-conforming and conforming guidelines requirements.
- Review submitted loan file data and documents for adherence to investor and lender policies or review scope
- Analyzing credit documents, including, but not limited to, mortgage applications, credit history and income documents, title documents, appraisals, and all applicable compliance documents
- Review, credit, and property evaluations to ensure borrower met qualification guidelines
- Analyze copies of loan documentation, personal and business financial statements, and any other financial information as needed to support loan decisions
- Evaluate debt ratio, loan-to-value ratios, credit score, property valuation, and various other factors
- Review sufficiency of borrower and loan documentation and note or comment on inadequate or missing documentation
- Maintain confidentiality and security of applicant/borrower information and data at all times
Qualifications
- Intermediate Excel Skills
- Two years college or equivalent experience
- 2+ Years of mortgage experience in a similar function
- Prior experience must include reviewing, analyzing and calculating income, reviewing credit reports and collateral documents
- Strong analytical and decision making/problem solving skills
- Good working knowledge of mortgage loan processing and relevant legal regulations
- Driven to deliver effective results and meet metrics while maintaining quality
- Self-starter, able to adapt to a remote work environment and have the ability to communicate and work well with investors and co-workers
Preferred Qualifications
- Education, Certifications and/or Other Professional Credentials
- 5+ Years of mortgage due diligence experience
About ABL:
Established in 2010, Asset Based Lending, LLC is a Hard Money Lender providing fast bridge financing to real estate investors. We've experienced tremendous growth in the last 11 years, closing over 3,500 loans for proceeds in excess of $1B and being named one of Inc Magazines fastest growing private companies two years in a row.
For more information, please visit www.abl1.net.