What are the responsibilities and job description for the Loan Servicing Specialist position at Glocap?
Our client, an alternative asset finance company, is looking for a Loan Servicing Specialist to join their team.
The Loan Servicing Specialist will perform all functions of operating a loan servicing core system.
Responsibilities :
- Read and interpret loan agreements and other legal documents. Extract, upload and track all covenants / client deliverables from Credit Agreement
- Coordinate document flow between attorneys, borrower, and internal teams
- Verify executed closing packages to make sure all docs are present, complete, and executed
- Board new loans to platform and manage servicing of existing loans, including handling incoming calls / emails regarding servicing inquiries
- Request and review customer due diligence documentation and conduct searches (credit reports, OFAC reviews, LexisNexis reports, UCC). Manage and maintain document checklist
- Monitor loans for liens, UCC filings, insurances, etc.
- Ensure all documentation is saved in the system and boarded to the platform
- Manage syndicate assignments, review agreements, and board new participants
- Reconcile bank statements with loan activities and review activities and reports as needed
- Send position confirmations to auditors and third parties
- Manage Deposit Account Controlled Agreements (DACAs) and reconcile collection reports with bank statements
- Add prospects to Pipeline
- Support specialized processes as assigned by the supervisor
- Other duties as assigned
Qualifications :
