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Bridge Loan Specialist

Knock

Knock

Remote
Posted on Friday, May 31, 2024

Knock is a caring group of people who came together from across the industry with the belief there had to be a better way to serve people in the journey between homes. We offer a first-of-its-kind Knock Bridge Loan™ that gives everyone in the process more convenience, certainty, and competitiveness.

Founded in 2015, we have earned the industry’s trust: an A+ Better Business Bureau rating and relationships with more than 120,000 real estate agents in our 75 markets across the US. Launched by founding team members of Trulia, we are funded by industry leading investors, including Foundry Group, Greycroft, RRI, Parker89, and The National Association of Realtors who serves 1.6 million members. We’re most proud of the stories from people we’ve helped get their new home, and the five star Zillow rating from over 750 reviews. To learn more, Knock.

Bridge Loan Specialist

The Bridge Loan Specialist role is a hybrid processing and underwriting role. As a Bridge Loan Specialist you will be responsible for reviewing Knock Bridge Loans to verify the loan is complete, accurate, and meets regulatory compliance requirements. The Bridge Loan Specialist is also responsible for providing quick turn times, high-level customer service, technical assistance, and quality assurance on multiple loans simultaneously.

  • Calculate Knock Bridge Loan advance amounts using internal calculations and guidelines
  • Proper and effective pipeline management with an average of 5 new loans a day and 5 resubmissions per day staying within a 24 hour turn time
  • Accurately condition loan files based on the loan application and file documentation
  • Consistent communication internally providing loan status and approval updates
  • Effective and consistent communication with external Lending Partners, Agents, and Borrowers
  • Review title reports and homeowners/flood insurance to ensure Knock’s lien position and security interest
  • Understand and stay current with all company policies, procedures, industry regulations, and other changes that affect the industry and Knock
  • Continually learn, grow, and expand your knowledge, while supporting others’ learning experiences; act as a mentor and be a resource for others inside and outside of your assigned team
  • Take on ad-hoc projects as they arise and always be willing to support the team where they need you

Qualifications - You’ll Bring:

  • Successful experience working as a Senior Mortgage Loan Processor or Junior Underwriter with knowledge of underwriting processes and lending systems within the last 2 years
  • Analytical thinking skills with adept decision-making ability to make strong lending decisions and to be able to translate guidelines
  • Organizational skills to manage many competing priorities to meet deadlines in a fast-paced startup environment
  • Be an over-communicator with exceptional written and verbal communication skills including experience in the last 12 months speaking directly to borrowers requesting loan documentation and/or to explain the loan process
  • Proven success carrying an active pipeline of at least 35 loans per month while thriving in a fast-paced, changing, growth environment
  • Highly efficient with a history of success at managing multiple tasks at once
  • Strong knowledge of various loan products, credit reports, and loan-to-value ratios
  • Encompass experience required
  • DataVerify Drive Fraud experience required
  • Have proven success working 100% remote in prior positions & are experienced working with a distributed, national team
  • Innate ability to learn new technology and ramp up personal skills quickly through self-learning, research, and asking the right question
  • Central or Eastern Time Zone OnlyPassion for real estate disruption and excitement to make an impact in people’s lives
  • Belief in creating diverse, equitable, and inclusive practices and programs that will further Knock’s commitment to making an impact, learning, putting people first, being open, and courageous
  • Education: High school diploma or equivalent
  • We encourage you to apply even if you don’t have every listed requirement

Physical Requirements:

  • Set up and constantly operate a computer
  • Communicate and exchange accurate information to others via telephone or internet video applications

The candidate must be able to perform the essential functions of the job, with or without reasonable accommodation.

Compensation and Benefits:

The candidate must be able to perform the essential functions of the job, with or without reasonable accommodation.

Our Compensation Philosophy: As a remote first fully remote (U.S.-based) workforce, our goal is to ensure that all Knockstars are fairly compensated. Please note that the salary range information that follows is a good faith estimate for this position: $70,000 USD + incentive program(bonus). This job posting expires on June 11, 2024.

The actual offer, reflecting the total compensation package & benefits, will be at the company’s sole discretion, and determined by factors including but not limited to years of experience, job level, geographic location, and other relevant business considerations. The company also reserves the right to amend or modify this job description, employee perks, and benefits at any time. Employees eligible for bonus and/or commission will be provided details in the offer letter.


Enjoying Life & Making an Impact:
  • Since our founding in 2015, Knock has and continues to offer a 100% remote work culture
  • Top tier medical, dental, & vision premiums for full time employees starting on the first day of employment
  • Flexible Paid Time Off for full time employees
  • Paid parental leave for all full time employees: 12 weeks paid parental leave for the birthing parent, 6 weeks paid parental leave for the non-birthing parent
  • $1,000 annually for professional development
  • Life, AD&D and Disability insurance for full time employees
  • 401K (noncontributory by Knock) for all employees
  • $75 monthly allowance for health & wellness
  • Up to $400 monthly for a co-working space for eligible employees
  • $100 monthly allowance for home internet, mobile phone or other communication devices
  • $2,500 referral bonus for eligible employees

Knock provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, gender, gender identity, gender expression, national origin, ancestry, age, physical or medical disability, medical condition, marital status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable US federal, state, or local laws.

Internal Employees: If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.

External Applicants: If you are interested in applying to this position - click the "apply now" button.

We are proud to be a remote, distributed company with employees across 17 states and counting. This is an amazing opportunity to be an integral part of building a multi-billion dollar consumer brand in an industry that is long overdue for a new way of doing things. You will be working with a passionate team that is disrupting the status quo.

Knock, and its subsidiaries, are committed to creating a diverse, inclusive, and equitable environment and are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, gender identity, gender expression, national origin, ancestry, age, physical or medical disability, medical condition, marital status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable US federal, state, or local laws.


Please no recruitment firm or agency inquiries, you will not receive a reply from us.

PDF is our preferred format for resumes and any other attachments. Thank you!


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