Associate, Loan Servicing

Ready Capital•Garden City, NY

8d•$60,000 - $100,000•Onsite

About The Position

Ready Capital Affordable Multi-Family is a dynamic and growing niche business dedicated exclusively to Affordable Housing Finance. With a team of 25 professionals, the firm has recently closed its own investor fund and currently services a loan portfolio of $4.3 billion. We are currently seeking an Associate, Loan Servicing, to support the day-to-day administration and servicing of a commercial real estate loan portfolio. The ideal candidate will have strong analytical and organizational skills, and a proactive approach to problem-solving. This role requires meticulous attention to detail and the ability to provide excellent customer service to our clients and investors.

Requirements

Strong analytical and organizational skills
Ability to handle multiple projects at once.
Solution focused and detail-oriented individual.
Strong written and verbal communication skills
Firm command of Microsoft office.
Adaptability and willingness to learn as you go

Nice To Haves

Finance and/or Real Estate concentration a plus

Responsibilities

Generate and distribute monthly loan invoices to Borrowers and property managers
Assist with new loan file set ups and loan onboarding.
Maintain the integrity and accuracy of loan data within the servicing system.
Monitor monthly delinquencies and escalate issues as needed
Perform account reconciliations in the servicing system, including posting monthly receipts and disbursements in accordance with established procedures
Process tax and insurance payments and prepare direction letters as required
Monitor property insurance coverage for compliance with lender requirements
Administer escrow accounts, including disbursements and periodic escrow analyses
Monitor loan-level trigger events (e.g., covenant thresholds, stabilization date deadlines, maturity dates, insurance expirations) and ensure timely follow-up
Collect and track, borrower compliance deliverables, including financial statements, budgets, audits, and compliance certificates
Perform other duties as assigned