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Loan Administrator
StevenDouglas
West Palm Beach, FL
Contractor
The Loan Administrator will be responsible for assisting with the development, servicing and maintenance of the loan portfolio, with loan documentation, and closing issues; adhering to established company policies and procedures with respect to documentation and compliance issues. Coordinates complex loan closings with deal teams, borrower, co-lenders and outside counsel to ensure proper documentation and adherence to approval terms while providing a high level of customer service.
- Suspended loans through closed loans
- Oversee all loan servicing activities
- Reviewing commercial loan documents
- Document a loan as well as closing loans
- Closed loans and route to loan booking
- Participate in the loan closing process from loan approval through closing
- Preparing loan documents for the most complex commercial loans
- Assist in processing loan servicing actions
- Review personal financial statements for loan guarantors for the commercial mortgage loan portfolio
- Review draft loan documents to ensure accurate implementation of key loan terms per the loan approval
- Perform review of executed loan documents
- Analyze loan modifications and make changes to loan files and servicing system
- Keep the loan in compliance
- Generate and review of commercial loan documentation
- Processing and posting monthly mortgage loan payments
- Ensure compliance with written loan approval & bank policy
- Complete the processing of loan files and prepare loan documents in accordance with written loan approval
- Prepared loan documents for compliance with written loan approval memorandums
- Ensure all loan review documents are imaged
- Assemble and maintain borrower loan files from loan inception through payoff
- The loan administrator must have communication, calculation, organizing and administrative, and in-depth observation skills. Meticulous care is required in processing the details pertaining to every loan and maintaining compliance with policies and procedures.
Recommended skills
Commercial Banking
Loan Origination
Loan Servicing
Microsoft Word
Wire Transfer
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