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Loan Administrator

Salary
<$75,000
Employment
Full Time
Work Place
Part Remote
Real Estate Field
Location
Chicago
 IL
Postal Code
60606
Country
United States

This job is no longer active.

Description


(OFS) Loan AdministrationChicago, IL Full Time

 

The Loan administrator is responsible for monitoring and servicing a lending portfolio of 50 – 100 accounts/loans and providing customer service and support. 

 

ESSENTIAL FUNCTIONS:

  • Knowledge of Wall Street Office Administrator and Wall Street Office Reporting
  • Daily Portfolio of Activity.  Includes managing a portfolio of loan, which include LIBOR rollover, amortization payment, etc.
  • Invoice/billing clients
  • Ability to Review Credit Agreements to obtain pertinent information
  • Cash Balancing
  • Distribute Weekly/Monthly Reports
  • Prepare daily funding requests and distribute for approvals
  • Provide daily funding information to trustee
  • Assist with monthly reconciliations of balances, spreads, LXID’s, etc.
  • Monthly Update of the Customer Responsibility List
  • Maintain/Create Loan Admin Files and Directories
  • Trade reports for clients
  • Assist with A/P
  • Record commercial loan activity and provide information to accounting for income and expense recording purposes.
  • Work with Analysts on monthly and quarterly invoicing on Agented transactions
  • Provide customer services by keeping Borrowers and participants apprised of commercial loan activity.
  • Answer questions regarding loan balances interest work as the execution partner and liaison with various functional groups and departments (e.g.: Investments backup from agent banks and any information found from researching the discrepancies.
  • Produce loan activity and document tracking reports for internal use in performance analysis.
  • Provide support to the credit function in the analysis of customer’s financial performance.
  • Provide information and administrative support to the trustee as requested.
  • Maintain integrity of Loan Administration databases and files.

 

NON-ESSENTIAL FUNCTIONS:

  • Performs other special assignments as required. 

 

EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)

  • High school graduate or equivalent experience required. College degree preferred, but not required.  
  • Minimum of 2-3 years' experience loan administration experience in a commercial lending environment.    

 

KNOWLEDGE, SKILLS AND ABILITIES:

    • Knowledge of commercial lending terminology.  
    • Strong knowledge of Microsoft Office such as Word, Excel.
    • Experience with Wall Street Office or similar loan platforms a plus
 

 

PERFORMANCE METRICS:

    • Accuracy and timeliness of work product
    • Customer feedback
    • Compliance with company and departmental policies and procedures
    • Demonstration of appropriate judgment and decision making in resolving issues which arise.
    • Demonstrated ownership in completing essential tasks and assignments.
 

Job Functions


 

Job Sector


Not specified

 

Experience


1+ to 2 years


This job is no longer active.

Administration Chicago Full Time IL Finance, Mortgage Loan Administrator other