What are the responsibilities and job description for the Real Estate & Other Loan Services, Associate I position at Alter Domus?
ABOUT US
We are Alter Domus. Meaning "The Other House" in Latin, Alter Domus is proud to be home to 85% of the top 30 asset managers in the alternatives industry, and more than 5,000 professionals across 23 countries.
With a deep understanding of what it takes to succeed in alternatives, we believe in being different. Invest yourself in the alternative, and join an organization where you progress on merit, where you can speak openly with whoever you are speaking to, and where you will be supported along whichever path you choose to take.
Find out more about life at Alter Domus at careers.alterdomus.com
POSITION OVERVIEW :
The Real Estate and Other Loan Services team works in many markets and across various product lines including commercial loan servicing, cash management, escrow, construction draw monitoring, and document custody. As an Associate on the Real Estate Loan Services team, you will be responsible for accurate recordkeeping and execution of all deal activities, across the various product lines.
JOB DESCRIPTION :
- Responsible for accurate recordkeeping and execution of all loan activities including, but not limited to : loan disbursements, repayments, payoff letters, amortization schedules, borrower billing statements, client invoices, and new loan set-up
- Use effective listening and communication skills to liaise with clients, internal Alter Domus teams and external parties regarding the timeliness and accuracy of loan activity information
- Maintain loan product knowledge to review loan activity such as borrowing billing, payments, disbursements, amortization schedules, payoffs, and reports
- Review new loan set-up to ensure accuracy
- Ensure timely, accurate data entry into loan processing and customer systems
- Review and process distributions, and escrow payments via wire, ACH, or check
- Daily, weekly and monthly reconciliation of accounts with bank records
- Document custodial services for commercial, residential, or other loan facilities. Inventory and certify loan files, reporting exceptions. Processing of full or partial release requests
- Assist on onboarding of new clients, including collection of KYC documentation and account opening
Client Service and Communication Skills :
QUALIFICATIONS :
Salary range depending on experience : $42,500-75,000
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WHAT WE OFFER :
We are committed to supporting your development, advancing your career, and providing benefits that matter to you.
Our industry-leading Alter Domus Academy offers six learning zones for every stage of your career, with resources tailored to your ambitions and resources from LinkedIn Learning.
Our global benefits also include :
Equity in every sense of the word
We are in the business of equity, in every sense of the word. For us, this means taking action to ensure every colleague has equal opportunity, valuing every voice and experience across our organisation, maintaining an inclusive culture where you can bring your whole self to work, and making Alter Domus a workplace where everyone feels they belong.
We celebrate our differences, and understand that our success relies on diverse perspectives and experiences, working towards shared goals and a common purpose. Thanks to the work of our Group DE&I Committee and network of DE&I Champions, we empower all of our people to be truly invested in the alternative.
We are committed to ensuring an inclusive recruiting and onboarding process. Please contact our hiring team if you require any accommodations to make our recruitment process more accessible for you.
Alter Domus Privacy notice can be reviewed via Alter Domus webpage : )
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Salary : $42,500 - $75,000
