ADMINISTRATION

Princeton Acquisition LLC•Southfield, MI

4h•Onsite

About The Position

Princeton Management, a property management company headquartered in Southfield, Michigan, is seeking an organized, motivated, collaborative Loan Servicing Specialist. This is an on-site, full-time position involving external correspondence with lenders, servicers, or their agents, and internal correspondence with accounting, finance, and operations staff. The specialist performs loan analysis, maintains organized files for each loan, and prepares summaries of the loan portfolio. Acting as a primary point of contact for lenders or lender servicers, the role ensures correspondence remains consistent with loan requirements throughout the life of each loan. The position reports to senior finance personnel, with involvement from accounting and operations personnel. The role includes reviewing loan documents and financial reports, preparing tracking and analysis documents, handling routine correspondence, maintaining corporate loan-servicing records, and coordinating document requests and execution. The successful applicant should have a professional, personable demeanor and strong communication and attention-to-detail skills.

Requirements

High school diploma or equivalent.
Attention to detail, adaptability, flexibility, collaboration, dependability, integrity, self-control, stress tolerance, troubleshooting ability, active listening, sound decision-making, and initiative to take on responsibilities and challenges.
Excellent communication skills and a personable, professional demeanor.

Responsibilities

Provide loan-servicing review and correspondence.
Prepare loan-servicing tracking documents, including a finance reporting log, for internal review and lender compliance using word-processing, spreadsheet, database, or presentation software.
Prepare professional, comprehensive correspondence with external lenders or loan servicers that is consistent with loan requirements.
Review internal financial statements and other reports needed to meet lender reporting requirements, including cash flows, income statements, balance sheets, rent rolls, and delinquency reports.
Review and summarize loan-document requirements, including notes, loan agreements, reserve or escrow documents, management agreements, partnership assignments, consent resolutions, affidavits, and other servicing-related legal documents.
Prepare loan-servicing tracking and analysis documents using word-processing, spreadsheet, database, or presentation software.
Read and analyze incoming servicing letters, memos, submissions, and reports; determine their significance and plan internal distribution as directed by senior accounting, finance, or operations staff.
Prepare responses to correspondence containing routine inquiries.
Maintain corporate correspondence and record keeping related to loan servicing.
Comply with federal, state, and company policies, procedures, and regulations.
Maintain checklists and document requests, and coordinate closing and execution of documents.
Provide other reasonable assistance requested by key accounting or finance staff.
Act as a primary point of contact for lenders or lender servicers and ensure correspondence is consistent with loan requirements for the life of each loan.