Commercial Loan Specialist
US Government Jobs - Other Agencies
Loan Specialist (Commercial)Some of your typical work assignments may include:Performs a variety of tasks for servicing, purchasing and liquidating loans. Reviews assigned loan file to become acquainted with the characteristic requirements, collateral, and terms of the loan.Gathers and reviews facts and data relating to the loan balance, lien situations, collateral, interest of other creditors, and any assets of the borrower which may provide recovery to the Agency.Contacts lenders/Certified Development Companies (CDC's) to discuss the business, the loan situation and explore all available alternatives. Gathers information from borrowers, major creditors, and legal representatives to make recommendations to maximize recovery to the Agency and minimize loss to the obligor(s).Analyzes potential "work-outs" in common situations and develops recommendations for standard plans for repayment of the debt through restructured amortization, extended maturities, etc.Performs servicing, purchasing, and liquidation of delinquent loans or potentially delinquent loans. Reviews liquidation plans setting out the steps to be followed to achieve the orderly liquidation of the particular debt.
Vacancy posted 4 days ago
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