Demo

Loan Servicing Specialist

RRA Capital
Phoenix, AZ Full Time
POSTED ON 2/2/2025
AVAILABLE BEFORE 5/2/2025

Job Description

Job Description

Salary :

Loan Servicing Specialist

Phoenix, AZ RRA Capital is doing something truly unique in the commercial real estate private equity and credit spaces. Led by CRE industry veterans who have a combined 115 years of experience,we are rethinking traditional approaches to real estate private credit and how to achieve truly remarkable returns to investors. Our mission at RRA is to build something awesome with a client centric philosophy of service and an amazing team of innovative and driven professionals.

Currently our team is looking for an experienced and highly organized Loan Servicing Specialist to play a critical role in ensuring the smooth operation of our loan servicing processes. This position combines financial acumen, attention to detail, and a customer-focused approach to support the entire loan lifecycle. You will manage key responsibilities such as monitoring loan servicing activities, managing draw requests, preparing comprehensive lender reports, onboarding new loans, and maintaining clear communication with borrowers.

If youre ready to leverage your expertise in loan servicing and accounting, and deliver a best-in-class experience to drive efficiency and excellence, we invite you to apply.

ROLES AND RESPONSIBILITIES :

Loan Servicing

  • Monitor the loan servicing process and confirm timely execution by the servicing team.
  • Coordinate responses and resolution plans for late payments.
  • Review and verify the accuracy of payoff statements for borrowers.
  • Conduct annual escrow analyses.
  • Assist with ongoing compliance requirements, ensuring adherence to standards.
  • Collect and analyze data related to loan events.
  • Maintain compliance with service standards outlined in SOC reports.

Draw Request Processing

  • Receive, process, and track ongoing draw requests from borrowers.
  • Track progress of business plan objectives and timelines
  • Provide draw request approval analysis to Treasury Management for funding.
  • Proactively reach out to borrowers regarding projects that fall behind schedule.
  • Lender Reporting

  • Prepare monthly, quarterly, and annual reports for internal and external stakeholders.
  • Generate standard accounting reports for servicing activity, including Trial Balances, Transactional Activity, Remittance Reports, Impound / UAC Activity, and Delinquency Reports.
  • Reconcile portfolio bank accounts monthly.
  • Generate monthly servicing invoices.
  • Loan Onboarding

  • Review and verify loan abstracts for new originations.
  • Ensure accurate onboarding of loans into servicing software.
  • Monitor and track loan modifications and update servicing software with new terms.
  • Borrower Correspondence

  • Serve as the initial contact for borrower escalations, supporting the servicing team.
  • Monitor borrower interest reserves and manage timing and replenishment amounts.
  • Demonstrate expertise in working with and reviewing a range of commercial loan documents.
  • Promote a best-in-class customer service experience for all internal and external stakeholders.
  • Proactively address borrower concerns and resolve issues in a timely and professional manner.
  • HERES WHAT YOULL NEED TO SUCCEED IN THIS ROLE

  • Education : A degree in Accounting, Finance, Business, or a related field preferred (or equivalent work experience).
  • Professional Experience : 3 years in loan servicing, loan administration, or related financial roles.
  • Accounting Knowledge : Strong understanding of financial principles, reconciliation, escrow analysis, and loan servicing accounting.
  • Commercial Loan Understanding : Expertise in interpreting and working with complex commercial loan documents, and experience handling escrow accounts and borrower draw requests.
  • Technical Proficiency : Familiarity with loan servicing platforms, financial software (e.g., QuickBooks, Excel, or custom loan management tools), and database systems.
  • Regulatory Compliance Awareness : Knowledge of loan servicing regulations and SOC compliance to ensure all processes meet legal and ethical requirements.
  • Proactive Problem-Solving : Ability to anticipate issues, address borrower concerns promptly, and resolve challenges independently.
  • Customer Service Focus : Dedication to delivering a best-in-class experience for borrowers and ensuring satisfaction.
  • Location : Desire to work and live in Greater Phoenix, AZ area
  • COMPENSATION

  • Competitive base salary and bonus structure commensurate with experience
  • BENEFITS

  • Be a part of building something AWESOME.
  • Direct daily access to the firm founders
  • Unlimited vacation days
  • Medical insurance
  • Flexible work life
  • Company 401K plan with match
  • Awesome people to work with every day!
  • If you do not have a background in real estate, private equity, or private credit, thats okay. That can be taught. What cannot be taught is treating others like family; with respect, kindness, and good humor. Staying true to our Core Values, we have created a great culture that feels more like family, and our people remain here for that reason.

    RRA Core Values Each one of these values is a requirement to be successful at RRA.

    Enjoyable to be around RRA values employees who are team players, are fun to be around, and have a great sense of humor. At RRA, there is no room for cynicism, egos, or defensiveness. Everyone must look and speak professionally so that they bring credibility to both themselves and the company.

    Passionate about continuous improvement RRA values employees that are focused on self-improvement, process improvement, and team improvement. All members are expected to welcome critical feedback and professional development because they believe it will allow them to become better. Successful members at RRA are intellectually curious and committed to seeking out opportunities to self-educate on the industry and their jobs.

    Smart RRA values highly intelligent workers that can master the practical applications of their knowledge. There is no room at RRA for individuals that are academics. RRA requires its employees to be highly creative in finding better ways to do things and solve problems. The RRA team is composed of those who work smarter, not necessarily harder, to maximize efficiency and productivity.

    Reliable RRA values employees that leave no doubt that when they say they will accomplish something by a certain time / standard, they will. All members are expected to take pride in the quality of their work; the product of their efforts should always reflect the highest professional standard. RRA strives to surround itself with self-starters who have a disdain for micro-management. Successful individuals at RRA have integrity beyond reproach, always exemplify honorable character, and are individuals that others can trust with their money.

    If you feel youd be the right person and these core values resonate with you, please apply!

    Contact : Lisa Donovan

    Website : www.rracapital.com

    If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution. Compensation Planning
    Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right. Surveys & Data Sets

    What is the career path for a Loan Servicing Specialist?

    Sign up to receive alerts about other jobs on the Loan Servicing Specialist career path by checking the boxes next to the positions that interest you.
    Income Estimation: 
    $42,524 - $54,094
    Income Estimation: 
    $48,050 - $64,197
    Income Estimation: 
    $48,514 - $65,011
    Income Estimation: 
    $35,994 - $46,615
    Income Estimation: 
    $42,524 - $54,094
    Income Estimation: 
    $41,344 - $53,285
    Income Estimation: 
    $42,524 - $54,094
    Income Estimation: 
    $48,050 - $64,197
    Income Estimation: 
    $48,514 - $65,011
    Income Estimation: 
    $48,050 - $64,197
    Income Estimation: 
    $62,792 - $92,726
    View Core, Job Family, and Industry Job Skills and Competency Data for more than 15,000 Job Titles Skills Library

    Job openings at RRA Capital

    RRA Capital
    Hired Organization Address Phoenix, AZ Intern
    Summer Analyst Internship Phoenix, AZ - We are in search of a Summer Analyst to support our small but world-class fund m...
    RRA Capital
    Hired Organization Address New York, NY Full Time
    Analyst - Debt Investments New York, NY – RRA Capital is doing something truly unique in the commercial real estate priv...

    Not the job you're looking for? Here are some other Loan Servicing Specialist jobs in the Phoenix, AZ area that may be a better fit.

    Consumer Loan Servicing Specialist II or III (DOE)

    OneAZ Credit Union, Phoenix, AZ

    Loan Servicing Accountant

    RRA Capital, Phoenix, AZ

    AI Assistant is available now!

    Feel free to start your new journey!