Consumer Loan Servicing Supervisor supervises the daily activities of a loan servicing team. Oversees and coordinates processing and documenting loan transactions, insurance, and tax bills, and performing escrow analysis. Being a Consumer Loan Servicing Supervisor ensures that loan transaction files are accurate and complete, and that staff complies with appropriate procedures, regulations, and guidelines. Performs quality checks and resolves issues. Additionally, Consumer Loan Servicing Supervisor monitors workload and allocates resources to meet production goals. Coaches and trains team. May require an associate degree. Typically reports to a senior manager or head of a unit/department. The Consumer Loan Servicing Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. To be a Consumer Loan Servicing Supervisor typically requires 3 years experience in the related area as an individual contributor. Thorough knowledge of functional area under supervision. (Copyright 2024 Salary.com)
Job Description :
Position Summary : The Loan Servicing Specialist supports the largest and most sophisticated corporate loan transactions in the market They primarily provide operational support to Debt Capital Markets on Term Loan B / institutional debt where Client is the administrative agent This position is responsible for providing loan servicing / administrative support (reconciliation / billing / payments) and has direct communication with borrowers, lenders and business partners Essential Responsibilities : Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements Calculation and tracking of complex interest and fee accruals at various rate levels across changing lender distributions Reconcile daily funding and payment activity to account for all daily cash transactions Read and interpret complex legal credit agreements and related documentation working with attorneys when applicable Initiate and reconcile automated funds movement in accordance with client / lender instructions Monitor and escalate past due principal, interest, and fees to ensure that the loan accounting system is accurate and provide clients timely and accurate invoices Maintenance of margin changes and proper communication to bank group Provide information as requested by Clients, Business Partners, Middle Office, or Lenders Monitor control reports updating applicable comments Assist with any administrative tasks associated with the terms of a Credit Agreement Perform quality control on new deals, restructures and amendments by thoroughly understanding the credit agreement verifying system set up accuracy Back up co-workers, work with various special projects or other tasks as assigned
Requirement :
Minimum Requirements : Undergraduate degree is strongly preferred but related job and industry experience can be accepted as a substitute (3 years) Solid working knowledge of Microsoft Office applications (i.
Last updated : 2024-02-27
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