Description
Loan Servicing for Commercial Real Estate and Commercial and Industrial Loans.
General functions: processing of all payments, establishing loan information on the servicing system, tracking of lines of credit and processing of loan maintenance items.
This position is actively engaged in correspondence with outside agents and services as well as internally with other departments.
General functions: processing of all payments, establishing loan information on the servicing system, tracking of lines of credit and processing of loan maintenance items.
This position is actively engaged in correspondence with outside agents and services as well as internally with other departments.
- Process loan payments as received from clients and administrative agents directed to the Bank. Process payments to or from participating Banks and agents.
- Reconciliation of syndication allocations of principal and interest payments
- Processing of Loan Offering Ticket (establishing new loan on the servicing system), and review of new loan set-up on the servicing system.
- Processing of loan advance offering tickets for drawdowns, rollovers, pay downs, loan splits, conversions, break funding, rate and spread changes, LC activity, as applicable.
- Verification of Loan Offering Ticket and maintenance items matching the loan servicing system.
- Review credit agreements to ensure pertinent information is reflected on the servicing system.
- Review of closing and legal documents at the time of loan establishment on the servicing system.
- Maintain tracking of collateral documents (UCC filings, mortgages, and other collateral) in accordance with loan documentation.
- Process loan maintenance changes
- Process loan pay-offs financial transactions
- Coordinate loan payoffs and re-finances with Bank and correspondent attorneys.
- Processing of loan pay-offs – payment, release of collateral, maintenance of loan status.
- Process upfront fees or premiums/discounts, commitments, amendment fees, and FASB information.
- Conduct necessary balance and rate information investigations and research on participations and syndications including liaise with administrative agent and other participants.
- Establish tracking of UCC information on the servicing system.
- Perform loan maintenance on the servicing system.
- Review and verify accuracy of billing statements for direct and agent loans.
- Participate in testing and the implementation of new technology applications.
- Annual review date tracking
- Appraisal review ordering
- Clear Par -Funding of all C& I loans
- Processing of maintenance changes
- Property Inspection ordering
- Property Inspection tracking report
- Tracking of financial requirements - system data maintenance
- Ticking Fees
- In conjunction with Credit Administration, establish loan information on the servicing system and review all closing documents.
- Perform quality control of Loan Offering Tickets and closing documents.
- Verification that loan note and other closing documentation conform to computer system information established. Review, cite and clear exceptions for closing binders, unrecorded documents, expired insurance certificates and additional closing documents.
This job is no longer active.