Fund Control Coordinator

Why Anchor Loans?

Anchor Loans is one of several operating companies owned by Pretium Partners (+$60B AUM Financial Services Entity) and is working diligently to expand and grow its lending footprint.

Anchor Loans, established in 1998, is the nation’s leading private, direct lender to experienced residential real estate investors and builders, and the first to surpass $10 billion in total fundings. Renowned for expediting financing for developers and investors, we specialize in bridge loans, ground-up construction, and single-family rental solutions for non-owner-occupied projects. Headquartered in beautiful Thousand Oaks, California, Anchor Loans currently lends in 48 states and is expanding into new markets and service lines to better serve our current and future borrowers.

Essential Duties & Responsibilities

• Ensures the timely process of all construction holdback disbursements, which requires reviewing, analyzing and disbursing construction loan draws per guidelines.

• Calculate the disbursement draw funding to the specific line item in the budget. Identify insufficient funds in the budget line item as well as the overall budget and obtain approval change requests.

• Order third party inspection reports, balance borrower construction budget against records and meet borrower time frames to ensure the highest level of customer service.

• Ensure receipt and approval of inspection and reports for all disbursement requests. Schedule all disbursement transactions and input requests into the system. Prepare and present disbursement documentation from the system; monitor and balance disbursement report.

• Monitor use of borrower’s soft cost funds and disbursing funds on borrower’s behalf.

• Ensure that all disbursement documentation is scanned and saved in the system.

• Monitor construction holdback portfolio to ensure projects are lien free and construction is consistently progressing.

• Provide excellent customer service to clients. Respond to general inquiries on draw status.

• Approval of complex draw requests beyond Fund Control Coordinator I threshold.

• Provide status updates and recommendations to management for loans on the overdue holdback workflow.

• Review mechanics liens and/or contractor disputes and provide management with recommended action.

• Recommend 3rd party vendors for approval to the company’s national vendor list.

• Perform other duties as assigned. 

Desired Skills & Qualifications

• Excellent analytical, problem-solving and organizational skills

• Strong computer skills including Microsoft Office (MS Word, Excel, Outlook)

• Excellent communication skills

• Detail-oriented, excellent organizational skills, and excellent writing and grammar skills.

• Ability to work in a fast pace environment while maintaining a high level of accuracy;

• Ability to work on multiple projects with the flexibility for changing priorities

Requirements 

• Education: High School diploma or equivalent. Bachelor’s Degree preferred.

• Experience: 3 or more years of experience in real estate construction loan administration.

• Strong technical expertise in construction loan administration functions.

• Considerable knowledge of construction finance, accounting and data systems.

Work Environment:

This is a hybrid position which requires in-office reporting to Anchor’s Thousand Oaks, CA office on Tuesday, Wednesday, and Thursday. Remote work is optional Monday and Friday.

Fully remote opportunities are also available.  

Compensation:

The base pay range for this position is $22 to $30 an hour, plus annual discretionary bonus based on performance of the individual and company.

What We Offer:

The values of our employees reflect those of the company as a whole. If you embrace teamwork, innovation, and accountability you'll feel right at home. Our mission is to create opportunities for success by improving homes and communities. We set up our team members for success by offering a competitive benefits package that includes:

• Comprehensive health insurance options including Medical, Dental, Vision, Basic Life/AD&D insurance

• Generous sick leave & vacation benefits for rest, relaxation, and personal pursuits

• Highly competitive performance bonus

• 401(k) retirement program with employer match

• Tuition reimbursement toward professional development

• Workplace Celebrations, Team Building, Charity Drives, and Food Truck luncheons

• Onsite gym (Thousand Oaks only)

• 12 Paid Holidays

Diversity matters to our organization, and we are proud to be an equal opportunity employer.  All qualified candidates are welcome and will receive consideration for employment regardless of race, color, religion, gender, gender identity or expression, genetic information, marital status, sexual orientation, natural origin, disability, age, veteran status, or any other protected characteristic.