Renovo Financial

Senior Credit Analyst

Renovo Financial  •  Charlotte, NC / Chicago, IL / San Diego, CA (Onsite)  •  1 month ago
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Job Description

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.
The position of Senior Credit Analyst is responsible for gathering and analyzing credit information on current and potential borrowers, determines the advisability of granting credit for diversified types of loans, & is the right-hand credit resource for Renovo’s VP of Lending. Their primary responsibility is to assist Renovo in writing quality loans swiftly, accurately, and efficiently with little compromise to production. 
Ideal Candidate:The ideal candidate for this role is someone who has at least three years of experience as a real estate Credit Analyst at a community bank or private lender.
Responsibilities:
  • Assists VP of Lending in performing pre-qualification assessment and analysis of Borrower’s financial condition
  • Compiles data from credit bureaus, tax returns, and statement of assets etc. for analysis
  • Prepares clear and precise executive summaries for presentation of proposed loans
  • Coordinates with VP of Lending to manage the existing portfolio in regards to loan extensions, modifications and covenant tracking
  • Makes recommendations and works with VP of Lending to structure loans and mitigate risk.
  • Oversees the vetting process for potential new appraisers
  • Supports the VP of Lending during Credit Committee by demonstrating knowledge of the pertinent information for each deal. 
  • Responsible for maintaining the integrity of the existing Credit Policy and making updates to the policy as needed.
  • Performs other duties and responsibilities as required. 

Success Factors:
  • Risk Identification & Mitigation - Did you appropriately analyze the risk of the deal and determine potential mitigants?
  • Facilitates effective communication between the VP of Lending and Credit Committee
  • Process Efficiency/Continuous Improvement
  • Effective Problem-Solving
  • VP Review - Does the VP believe on a scale of 0-10, as their business partner, you helped them identify and mitigate risk, fully understand their deals, and spent your time on things important to the loan decision? 

At Renovo, we’re building a team that reflects a wide range of backgrounds, perspectives, and skills because we believe diverse voices make us stronger. We’re proud to be an equal opportunity employer and welcome applicants of all identities and experiences.
Renovo Financial

About Renovo Financial

Employing a one-stop shop model, Renovo offers residential real estate investors a full suite of loan programs, including single family and multi-family rehab, new construction, and 30-year fixed rental loans, as well as in-house underwriting and servicing. Renovo’s commitment to building local long-term client partnerships, combined with its end-to-end product suite, means clients experience the best products and pricing of a national financial institution, but with the attention and service of a nimble local startup.

Founded in 2011, Renovo Financial is a fast-growing residential real estate investment lender for entrepreneurs who rehab or build investment properties. Renovo uses local market expertise, real-world underwriting, and a service-driven approach to create financing relationships that deliver more than just simple working capital. Cofounded by Kevin Werner, Daniel Rosen, and Granite Creek Capital Partners, Renovo has become one of the largest residential real estate investment lenders serving the surrounding Chicagoland area, Dallas, Houston, San Antonio, Boston, Miami, Phoenix, San Diego, New Jersey, Rhode Island, Connecticut, and Raleigh, NC. Renovo Financial was recently recognized by Crain’s Chicago Business as a FAST 50 company, a compilation of the region’s fastest-growing private residential real estate lenders.

Industry
Finance & Insurance
Company Size
201-500 employees
Headquarters
Chicago, Illinois
Year Founded
2011
Website
renovofinancial.com
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