Commercial Loan Servicer II Pennsylvania

Company: Monster
Location: Foxburg
Posted on: September 16, 2023

Job Description:

Commercial Real Estate Lender is currently seeking a Commercial Loan Servicer II to work in our corporate headquarters located in Downtown St. Petersburg, FL. The Commercial Loan Servicer II will be responsible for the daily management of assigned loan portfolio and must be able to troubleshoot moderate to complex issues which will require evaluation, originality, and critical thinking skills to apply the appropriate procedures, processes and techniques. Loan documentation experience together with strong analytical and organizational skills are important.

Qualifications:

Skills in reviewing and interpreting commercial loan terms, documentation and structuring
In-depth problem-solving skills
Advanced understanding of accounting concepts, practices and procedures
Ability to communicate clearly, concisely and professionally both verbally and in writing
Knowledge of multi-state commercial loan servicing practices
Experience with loan servicing systems to perform routine tasks with little to no errors
Ability to operate standard office equipment and use required software applications such as Excel, Microsoft Word, Outlook
Provide high level customer service

Responsibilities:

Under minimal supervision, uses specialized knowledge and skills obtained through education and experience to audit, evaluate, administer and service complex and sometimes distressed commercial real estate loans
On board loans acquired from third party loan sellers and ensure the structure of the loans are in line with the applicable loan documentation
Monitor borrower compliance with loan documentation which includes but not limited to insurance requirements, payment of taxes, financials and debt service payments
Work closely with account officers and/or attorneys in the general servicing work out of assigned portfolios which includes but not limited to, drafting of payoff letters, loan modifications, forbearance agreements and default notices
Knowledge of chain of title standards and the ability to prepare and record assignment transfer documentation
Conducts frequent troubleshooting of moderate to complex issues that require evaluation, originality, and critical thinking to apply the appropriate procedures, processes and techniques
Maintain loan file documentation
Perform regular audits and reconciliations of loan terms, debt service payments and interest accruals
Ability to work independently, organizing, managing and tracking multiple detailed tasks and assignments with frequently changing priorities in a fast-paced, deadline driven work environment
Identify and recommend changes to standard procedures when required by specific situations and circumstances.
Follow written policies and procedures
Take ownership and hold themselves and others accountable for delivering accurate results
Contribute to team projects and support teammates as requested
Performs other duties and responsibilities as assigned

Education and Experience:

Minimum of 5 years industry related experience with 3 years servicing commercial real estate loans or as may be approved by Human Resources
Bachelors Degree (B.A.) or equivalent in Finance or Business Administration or Any equivalent combination of experience, education and/or training approved by Human Resources
Experience working in special assets preferred

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