Loan Servicing Assistant

Job Responsibilities

·Serve as contact for handling the Small Business Administration (SBA) commercial loan related activities, resolving service issues, researching delinquent accounts and data, to include collection of payments.

· Interact with the SBA and the Central Servicing Agent regarding loan payment status, Servicing Actions and documentation amendments.

· Collect, review, file and track Federal tax returns, insurance certificates, verify property taxes & UCC data, accurately maintain ticklers & tracking records and update CDC Ventures loan system of record.

· Reinstate UCC liens, file for UCC continuation and terminations

· Organize electronic commercial loan files and gather data for input into the CDC Ventures Loan Management system.

· Communicate with Attorneys/Paralegals, Government Agencies, Third Party Lenders and Borrowers regarding SBA loan related matters.

· Complete monthly portfolio reporting and calculate, and publish monthly Debenture rates.

· Prepare and forward commercial loan post funding welcome packages to Borrowers and assist with post-closing document collection and audit review.

· Service and maintain active loan files and records to include following up for impaired or missing information and documents, through written and verbal correspondences.

· Process paid out files to include lien releases and follow up for lien satisfaction/cancellation documentation.

· Liaise with the Central Servicing Agent and the SBA regarding status of payments and loan documentation.

· Process prepayment quotes and forward to Borrowers upon requests.

· Review return items and follow up with Borrowers for payments & reinstatement of ACH authorizations.

· Update Borrowers and Partners contact information to ensure accurate and current records.

· Assist with the upkeep and tracking of repurchase and restructured loan activities.

· Other duties as assigned

Qualifications

· Associate or Bachelor’s Degree preferred

·Prior experience working with commercial loans a plus

· Prior (1-2ys) Loan Servicing or Loan Operations experience preferred

· Must be familiar with loan documents

· Strong analytical mindset with the ability to be detailed and with high accuracy levels

· Strong written and verbal communication skills

· Must follow instructions, take the initiate, exercise good judgement, and be creative

· Fast & flexible learner with the ability to multi-task within a fast-paced environment

· Notary Public certification a plus but not required

· Working knowledge of Microsoft Excel and Microsoft Word required

· Candidate subject to SBA fingerprinting and background check

. Contract position. Contract term based upon experience. This is not a remote position

Job Types: Part-time, Contract

Pay: $18.00 - $25.00 per hour

Expected hours: 32 per week

Benefits:

• Flexible schedule

Schedule:

• 8 hour shift

Education:

• Associate (Required)

Experience:

• insurance, UCC & property tax tracking: 1 year (Required)
• Loan servicing: 1 year (Preferred)
• Commercial loan: 1 year (Preferred)

Work Location: In person

Salary : $18 - $25