Who We Are:
Renovo Financial is a rapidly growing Chicago-based private lender serving real estate investors who acquire and renovate single and multi-family residential properties. We pride ourselves on supporting clients by providing unparalleled service, from the loan application through the payoff. Renovo’s reliability and “win-win” solutions- oriented approach is just two reasons why our repeat and referral rates far exceed the industry average. Renovo was honored to be named one of Crain’s 50 fastest-growing Chicago companies. Come join us, its “win-win!”
Position Summary:The Servicing Department’s primary responsibility is to manage all transactions throughout the life of a loan post-closing. The Loan Servicing Associate is responsible for processing all transactions related to the loan in the servicing system. This entails utilizing several different sources of data and coordinating with other members of the Servicing Department and with other aspects of the business. In this capacity the Loan Servicing Associate must demonstrate an ability to work both within the Servicing Department and across other departments to complete required tasks in a timely and accurate manner. Proficiency in Microsoft Office is required and experience with Salesforce is a plus. The role of the Loan Servicing Associate encompasses the following responsibilities:
Intake collateral from newly closed loansOn-board newly closed loansInput and maintain loan terms and escrow accountsManage daily draw disbursementsManage maturity default interest tracking and enter default interest chargesMake payment entries for loans with interest reservesProcess monthly payments and statementsDraft loan modifications, extensions, and releasesDraft payoff statements while accounting for any fees, holdbacks, or special conditions Process received payoffsCoordinate with accounting team for balance discrepanciesReceive mail related to loan servicingTake calls from title companies and customersManage customer service inquiries as neededOther duties as assignedIdeal Candidate:The ideal candidate for this role will have:
Preference of someone in the Chicagoland area as this is a hybrid work from home – in-office position.Ability to multi-task while maintaining high attention to detailManage daily tasks and prioritize workload independentlyAbility to interface with all levels of the organization from loan closers to senior managementTeam-player that will work to find solutionsStrong problem-solving and critical thinking skillsPrevious experience in loan servicing is a plus but not requiredProficiency in Microsoft Office is requiredExperience with Salesforce is a plusExperience with real estate a plus but not requiredBehavioral Characteristics:Self-Motivated: You take on tasks without waiting to be told what to doPositive Attitude: You approach situations with a proactive and positive attitudeDetermined: You stay on course even during difficult assignments and you crave opportunity for advancementTeam Player: You believe that to be successful you need to leverage and trust your team. You lead by example.Openminded: Always seeks to find and develop creative solutionsRenovo Financial is an equal opportunity employer. Renovo Financial does not discriminate in any employment actions (including hiring decisions) with regard to race, color, religion, national origin, citizenship status, ancestry, age, sex (including sexual harassment), sexual orientation, gender identity and expression, marital status, disability, military status or unfavorable discharge from military service or any other characteristic protected by law.
Renovo offers a 401k plan with employer matching, paid time off, observance of company paid holidays, medical, dental, vision benefits for employees and their dependents, maternity benefits and more.
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Accounting Associate
Who We Are:
Renovo Financial is a rapidly growing Chicago-based private lender serving real estate investors who acquire and renovate single and multi-family residential properties. We pride ourselves on supporting clients by providing unparalleled service, from the loan application through the payoff. Renovo’s reliability and “win-win” solutions-oriented approach is just one reason why our repeat and referral rates far exceed the industry average. Renovo was honored to be named one of Crain’s 50 fastest-growing Chicago companies and a 2023 Top Workplace winner, as recognized by The Chicago Tribune.
Position Summary:
The Accounting Associate is a critical role within the Renovo organization, meaningfully contributing to both the financial and operational aspects of the business. The Accounting Associate supports the financial team through bookkeeping, reconciling, and month-end closing responsibilities. This includes recording cash activity daily into the general ledger software (Sage Intacct), which can require transaction research and collaboration with other departments. The Accounting Associate supports the operational team through preparing daily banking activity transmissions for approval, including for loan closings, construction draws, and accounts payable. The Accounting Associate will work closely with our team of accounting professionals, and will have opportunities to expand their responsibilities as the organization grows. This position will function in a hybrid working environment, with regularly scheduled in-office attendance.
Responsibilities:
Recording bank activity in general ledgerInputting banking templates and payments for approvalProcessing weekly accounts payable runContributing to month-end closing processesUpdating deferred revenue recognition based on borrower activityVerifying accounting balances for interdepartmental communicationContract, vendor, and expense monitoringAd hoc activities within the accounting or finance departmentPosition Requirements:
Degree in Accounting/Finance or 1-2 years of bookkeeping experienceModerate to advanced skills with Microsoft EXCELHigh attention to detailOrganized and able to consistently meet deadlinesEffective communication skills, both written and spokenWillingness to adapt and change with a fast-growing companyExperience with Sage Intacct or similar is a bonusRenovo Financial is an equal opportunity employer. Renovo Financial does not discriminate in any employment actions (including hiring decisions) with regard to race, color, religion, national origin, citizenship status, ancestry, age, sex (including sexual harassment), sexual orientation, gender identity and expression, marital status, disability, military status or unfavorable discharge from military service or any other characteristic protected by law.
Renovo offers a 401k plan with employer matching, paid time off, observance of company paid holidays, medical, dental, vision benefits for employees and their dependents, maternity benefits and more.
Read LessPosition: Production Assistant
Who We Are
Renovo Financial is a rapidly growing Chicago-based private lender serving real estate investors who acquire and renovate single and multi-family residential properties. We pride ourselves on supporting clients by providing unparalleled service, from the loan application through the payoff. Renovo’s reliability and “win-win” solutions-oriented approach is just two reasons why our repeat and referral rates far exceed the industry average. Renovo was honored to be named one of Crain’s 50 fastest-growing Chicago companies. Come join us, its “win-win!”
Position Summary
The Production Assistant is the main support and leverage for top-performing VP’s of Lending. You will gather, organize, and maintain up-to-date loan files for the VP’s book of business. You will capture the structure and context of each deal and work closely with Renovo’s loan processors to ensure the deals can be efficiently processed and underwritten. Your success in this role provides the leverage a VP needs to effectively serve current customers, continue to grow strategic relationships, and bring in lots of new business. In addition to the VP of Lending, you are the main point of contact for customers as you help them through the loan process. You are the glue between Processing and the VP of Lending.
Corporate Mandates
Collaborate closely with VP’s to document the structure of a dealDraft, Issue, & Collect LOI’s.Follow-up consistently on the Document Needs List with clientFollow-up and help maintain strategic partnershipsResponsible to maintain up-to-date lead funnelEnter Stated Loan Info into Renovo’s CRMManage Calendar and Schedule for VP of LendingCoordinate High-Trust Transfer of Loan File to Loan CoordinatorSuccess Factors & Matching Measurements
Success Factor & Matching Measurement 1Success Factor: You and your VP of Lending exceed 15+ loans per month Matching Measurement: Rehab Pipeline report from SalesforceSuccess Factor & Matching Measurement 2Success Factor: Clients consistently report being amazed by Renovo’s speed and efficiency in processing/underwritingMatching Measurement: Monthly NPS score of 80, Beginning of the Loan Response Rate of at least 50%, and great customer feedback in customer commentsSuccess Factor & Matching Measurement 3Success Factor: Fully Baked Loan File with all supporting documentationMatching Measurement: Renovo’s Document Vault has all green check marks before going to underwriting (works with Processor) and all Origination fields are filled out on SalesforceBehavioral Characteristics
Great Attitude: You always come into work with a positive attitude and a “will find a way to get it done” mentalityHigh-energy: Your enthusiasm motivates everyone you collaborate with, including your VP of Lending, Processors, and most importantly, your clientsOrganized: You must be extremely organized to ensure we fully understand the details of the loans we are processing and we minimize the # of times we unnecessarily reach out to a clientSay “Yes”: You always find a way to say, “Yes” to all reasonable requests from all internal clients (employees) and external clients (customers)Renovo Financial is an equal opportunity employer. Renovo Financial does not discriminate in any employment actions (including hiring decisions) with regard to race, color, religion, national origin, citizenship status, ancestry, age, sex (including sexual harassment), sexual orientation, gender identity and expression, marital status, disability, military status or unfavorable discharge from military service or any other characteristic protected by law.
Renovo offers a 401k plan with employer matching, paid time off, observance of company paid holidays, medical, dental, vision benefits for employees and their dependents, maternity benefits and more.
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