Responsibilities:
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• Organization of loan documentation received via SharePoint to set up loan on servicing system.
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• Set up new multifamily/commercial property loan on servicing system by analyzing and interpreting complex legal loan documents and other source documents within prescribed time frames to extract appropriate data fields required for boarding loan.
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• Interface with Closing and Underwriting teams to obtain and/or clarify data as required/as applicable.
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• Perform quality assurance checks using loan system fields and source documents to ensure accurate set up of loan data. Ability to correct any errors if required.
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• Edit existing loan data on Enterprise to represent Assumption, Defeasance, Modification or Final Endorsement transactions for correct changes as documented.
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• Load loan covenants for various product types as required once the loan is boarded to the system.
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• Update, manage and distribute Loan Boarding Activity Reporting and other related reporting.
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• Assist with special projects and additional duties as assigned by management.
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• Initiates and participates in projects, system enhancement design and testing; documents procedures Core Competencies:
• Problem solving and decision making to ensure outstanding customer service while managing the risk of the company.
• Analytical skills; comprehend complex loan products and related loan documentation; apply knowledge in day to day analysis and problem resolution.
• Demonstrated ability to organize & prioritize work; effectiveness in managing multiple tasks.
• Flexibility and ability to respond to rapidly changing priorities; work productively in a fast-paced, evolving work environment to meet required deadlines.
• Highly developed computer skills, specifically using MS Excel, Word and Enterprise, our loan servicing system (or similar systems).
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• Robust interpersonal skills; ability to work in and support a team environment; ability to work cross functionally.
• Excellent verbal and written communications skills are mandatory.
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Qualifications:
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• College degree is preferred or significant related work experience.
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• The ideal candidate will have a BA/BS degree and 1 to 3 years related work experience, preferably in commercial real estate, mortgage banking, or financial services environment.
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• Experience in loan boarding, commercial real estate lending, and/or CMBS loan servicing is required.