Loan Servicing Associate
Loan Servicing Associate
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Client InformationFinancial firm responsible for providing banks credit unions and CDFIswith outsourced SBA and USDA lending platform.Founded in 2010.
Job SummaryResponsible for managing a variety of duties related to servicing government guaranteed commercial loans including providing quality customer service after loans have closed and funded through payoff. Must be comfortable communicating with clients and third parties (insurance agents attorneys CPAs etc..
Job Duties
Analyze and interpret loan documentation to ensure the documents have been properly executed in order to set up loan customers into the loan system.
Create the applicable borrower/guarantor customer record and collect documentation as needed. Set the loan up in the system correctly so that the loan generates bills autodebits payments accrues interest defers costs and fees and provides reporting to the credit bureau IRS etc. accurately.
Effectively manage relationships with banks and borrowers.
Review documents to ensure items have been properlyexecutedall documents have been provided as per the loan agreement.
Prepare bank reports/remittance reports and provide email to banks.
Prepare billing notices and provide to borrow via email or USPS.
Review and support of secondary market loan sales bids bid confirmation email good delivery settlement email and SBA secondary market loan review packages.
Other duties as assigned.
Qualifications
High School graduate required Bachelors degree in Finance Accounting or a related field preferred.
Knowledge and understanding of a variety of loans including commercial consumer SBA constructions mortgage products is a plus.
Must have strong communication skills
Proficient with general office machines and programs to include Microsoft Office Suite.
Must be well organized accurate and attentive to detail
Hours: MF; 8am to 5pm;
Starting pay $40s to $60s (based on experience); competitive health insurance
Required Experience:
IC
Employment Type
Full-Time
