Dovenmuehle

Commercial Loan Administrator

Dovenmuehle

full-time

Posted on:

Origin:  • 🇺🇸 United States • Illinois

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Salary

💰 $22 - $23 per year

Job Level

Junior

About the role

  • Responsible for all aspects of servicing commercial loans.
  • Review and research open tax and insurance issues.
  • Track and review escrow advances.
  • Perform mass and off schedule escrow analysis.
  • Handle loss draft proceeds and escrow holdback funds.
  • Monitor balloon; maturing, and matured loans.
  • Procure and track Financial Statement requests.
  • Set up and track loans in Foreclosure Monitor-Only Status.
  • Handle and distribute incoming mail to applicable staff members.
  • Work Commercial Proxies by reviewing requests and opening appropriate tasks.
  • Verify and QC tasks performed by colleagues.\u00a0
  • Compile weekly, monthly, and quarterly reports for clients and internal audiences.
  • Monitor and process suspense funds.
  • Accurate and timely input and processing of various loans
  • Promptly and professionally respond to inquiries via incoming and outgoing calls.
  • Prepare and distribute daily, weekly, monthly internal reports as required.
  • Maintain and increase knowledge, as applicable, of current practices, procedures, and policies.\u00a0
  • Maintain performance standards.\u00a0
  • Act as a backup for Commercial Loan Administrator II and III as necessary.
  • Successfully complete annual regulatory compliance training.
  • Additional duties as assigned.

Requirements

  • High school diploma or equivalent.
  • 1+ years; experience in mortgage servicing.
  • Excellent math skills.
  • Solid PC skills: Proficient with Microsoft applications and loan servicing platforms.
  • Strong analytical and problem-solving skills and attention to detail.
  • Ability to handle complex, multiple tasks simultaneously in a fast-paced environment.
  • Effective verbal and written communication skills with demonstrated ability to always interact in a positive and professional manner with all levels of both internal and external audiences.
  • Commercial lending administrative experience (preferred).
  • Customer Service experience (preferred).
  • Experience working for either a Financial Institution, Bank or Mortgage company (preferred).
  • Some college preferred.