Job Description
Job Description Job Description
Primary Position Objective
Responsible for administering a portfolio of performing and distressed commercial loans of varying complexity and collateral types. Primary responsibilities include commercial loan payment processing, escrow administration, and property tax and insurance monitoring, while ensuring compliance with loan documents and client requirements.
Major Duties and Responsibilities:
Loan Payment Administration
- Process and post daily loan payments received via lockbox, ACH, check-by-phone, wire, and mail.
- Research and resolve payment discrepancies, lockbox rejections, insufficient funds, and balancing issues.
- Board ACH records and establish recurring drafts.
- Perform daily cash balancing and system reconciliations.
- Monitor system reports, rate changes (including variable indices), and covenant compliance.