Mortgage Construction Draw Processing Specialist
1 day ago
At FinacPlus, we are seeking a highly skilled Mortgage Construction Draw Processing Specialist to join our dedicated team. This role will play a critical part in providing Mortgage Loan Management Services to Toorak Capital Partners from the Mortgage Finance Industry.
About Toorak Capital Partners
Toorak Capital Partners is a leading integrated correspondent lending platform that funds small balance business purpose residential, multifamily, and mixed-use loans throughout the U.S. and the United Kingdom. Headquartered in Tampa, FL, Toorak Capital Partners acquires and manages loans directly from private lenders that originate high credit quality loans.
Position Overview
The Draw Processing Analyst position interacts with real estate developers (borrowers) and processes draw requests under mortgage agreements.
Responsibilities
- Maintains working relationships with clients.
- Serves as liaison between clients and the company in draw processing to ensure appropriate release of funds using best practices.
- Remediates disputes with clients while protecting lender's position.
- Procures sufficient evidence of construction progress on site.
- Assesses reasonableness of funding requirements to current policy.
- Communicates with leadership and internal stakeholders on status of draws, raises awareness regarding thematic concerns to ensure on-time and on-budget completion of projects.
- Procures and critically evaluates documentation to mitigate associated financial risks.
- Maintains open communication lines with external stakeholders, loan originators, and borrowers, as needed.
- Provides necessary reporting to team members.
Qualifications
Master's degree in finance, MBA, M.Com, or other post-Grad Degree in Finance. Proficient with English language is a must. Strong speaking skills are essential due to critical interactions required with borrowers.
Benefits
This role offers a competitive salary range of ₹15,00,000 - ₹20,00,000 per annum, depending on experience. Location: Hyderabad. Hybrid working arrangements available.
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