Loan Servicing Administrator

Job Description

Job Description

We are seeking a motivated and detail-oriented Loan Servicing Administrator to join our team. In this vital role, you will manage the day-to-day operations of both construction and permanent loan servicing, ensuring accurate processing and compliance with industry regulations. Your expertise will help maintain smooth construction loan progression, support developers and clients, and uphold the highest standards of customer service. This position offers an exciting opportunity to contribute to a fast-paced environment where your skills in construction and permanent loan servicing processing will make a meaningful impact.

Responsibilities

• Process and review loan documentation, including applications, contracts, and invoicing, ensuring accuracy and compliance.
• Manage loan accounts by updating borrower information, disbursing insurance, tax and interest payments, and reconciling escrow accounts.
• Ensure accuracy with Davis-Bacon and Section 3 compliance.
• Coordinate with Developers to facilitate smooth on construction loan processing and servicing activities.
• Monitor loan portfolios for compliance issues or potential delinquencies, initiating appropriate follow-up actions.
• Maintain detailed records of all loan transactions, contracts, and correspondence.

Skills

• Understanding of construction and permanent loan servicing procedures and guidelines.
• Knowledge of Davis Bacon Act and Service Contract Act regulations and compliance requirements.
• Proficiency in credit analysis, loan processing, and contract management within financial services.
• Familiarity with banking operations, escrow management, and excel skills.
• Ability to interpret complex contracts and legal documents related to loans and mortgages.
• Excellent organizational skills with attention to detail; capable of managing multiple tasks efficiently while maintaining accuracy. This role is perfect for candidates with previous loan administration experience or those familiar with the nuances of construction or permanent loan servicing who are eager to grow their career in a vibrant environment dedicated to excellence in financial services. Join us to be part of a team that values precision, compliance, and proactive service delivery!