Commercial Loan Servicing Specialist

Kforce•Los Angeles, CA

50d

About The Position

Kforce has a client that is seeking a Commercial Loan Servicing Specialist in Los Angeles, CA. In this role, you will facilitate the daily completion of data and item processing functions related to loan boarding and servicing.

Requirements

A High School diploma/GED is required; Two years of college and an Associate degree is preferred
A Minimum of 3 years of experience in a loan processing environment of a financial institution
General knowledge of a variety of loan processing systems
Good knowledge of a variety of loan structures and document formats
General knowledge of bank and loan compliance and legal documentation
Understand and adhere to regulatory guidelines including, but not limited to FCRA, BSA, GLBA, etc. as the regulations pertain to the employee's job function
Strong client service skills
Strong interpersonal, verbal and written communication skills required to effectively interact with clients and all levels of Company staff
Excellent organizational and time management skills
Ability to understand basic math calculations

Nice To Haves

Proficient with MS Office (Word, Excel, Outlook)
Fiserv Precision experience is preferred

Responsibilities

Review loan boarding documents and accurately input borrower information, loan terms, and all other pertinent information into a variety of loan systems
Create and maintain a tickler system for each loan ensuring proper tracking and follow up on items such as collateral insurance, recorded documents, covenants, financial reporting requirements and UCC filings
Monitor reporting of property tax delinquencies and provide relevant information to the Portfolio Managers
Receive and process loan payments and advances
Process loan maintenance changes by updating the loan system file
Process construction draws and the construction interest reserve
Process loan payoffs, reconveyances and participation payments
Perform daily call back of new loan information and processed payments to ensure accuracy
Review reports and certifications (variance, exceptions, etc.) and make necessary corrections; Research and resolve problems
Monitor and balance assigned general ledger and clearing accounts; Research out of balance conditions; Input appropriate changes in loan system
Print billing notices, statements, past due notices and send to borrowers
Respond to Company's inquiries concerning their loan customers as it relates to lost payments, incorrect payment postings, payoff figures, bill discrepancies, etc.
Immediately report any suspicious IT activities to IT Security and/or CIO; Bring any other suspicious activities to the attention of a supervisor
Follow all Company policies and procedures to ensure compliance with all laws and regulations