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Commercial Loan Servicing Administrator in Lake Zurich, IL at Dovenmuehle

Date Posted: 5/17/2018

Job Snapshot

Job Description


Representative will specialize in the servicing of Commercial loans.

Responsibilities include, but are not limited to, the following:

  • Review terms of commercial loan notes for fees and/or penalties.
  • Process Payoff Statements and Reinstatement Figures including Default Interest.
  • Process Modifications, Assumptions and Name Changes.
  • Process Releases and UCC continuations in accordance with state compliance regulations.
  • Access fees and penalties to the system.
  • Review and research loan discrepancies.
  • Suspense Payment Posting.
  • Provides borrowers and clients with data relating to their loans/securities.
  • Follow up with verbal and/or written communication with borrowers, clients, attorneys, and other departments.
  • Compile weekly, monthly, and quarterly reports for clients and internally.
  • Assist with daily inbound customer service calls.
  • Assist with inbound and outbound calls for annual tax sale.
  • Performs all other responsibilities and duties deemed necessary.
  • Order inspections for HUD 236 loans.
  • Handle check request for taxes and insurance for HUD 236 loans.
  • Handle event driven monitoring per FHA guidelines.
  • Continue to develop and update procedures manual.
  • Review and research open tax items.
  • Help resolve tax discrepancies.
  • Organize annual tax sale event.
  • Monitor and track insurance renewals.
  • Research any issue that arises pertaining to insurance on commercial loans.
  • Track escrow advances.
  • Perform annual mass analysis and off schedule analysis for commercial loans.
  • Handle loss draft proceeds and escrow holdback funds.
  • Monitor balloon, maturing and matured loans.

Job Requirements

Job requirements:

  • Must have excellent math skills
  • One or more years of mortgage experience, or banking background
  • Analytical and problem solving skills necessary and the ability to work in a fast pace environment
  • LPS / MSP knowledge is a plus, PC knowledge, MS Excel is a must, excellent communication skills, both verbal and written is necessary