Loan Administrator (695733)
Posted on :
18-10-2022
Employer Active
1 Vacancy
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Job Description
Req ID : 1720742
Position: Loan Administrator
Location: Boston, MA, 02110(Hybrid)
Duration: 4+ Month ("Possible Extension")
*Hybrid Wednesdays and Thursdays in the Boston Office; Monday, Tuesday and Friday remote
Summary:
Applying payments and advances to loan servicing system, processing monthly billing and premium payments for borrowers and monthly monitoring of insurance certificates. Also completing various weekly, monthly and quarterly reports.
Duties and responsibilities:
- Applies loan payments received from borrowers in a timely manner to the loan servicing system and provides accounting with a breakdown of principal, interest, escrows and fees.
- Sends monthly and annual billing statements and late payment reminder letters.
- Processes Borrower disbursement requests.
- Maintains documentation to ensure correct information is appropriately filed.
- Assists in completing various reports to Senior Management and the Board of Directors.
- Performs month-end closing of loan servicing system and provides reports as requested.
- Files correspondence and deposit information in Enable.
- Assembles loans and guarantees electronic files to the documents folder.
- Provides audit confirmations.
- Provide customer service to Borrowers
- Maintain the accuracy of the loan servicing system.
- Manage file retention.
- UCC monitoring.
- Real Estate tax monitoring.
- Prepare Mortgage Discharges for paid-off loans.
- Assist in processing and uploading Legal documentation.
- Insurance monitoring.
- Perform other duties as assigned.
Employment Type
Full Time
Key Skills
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