What are the responsibilities and job description for the Sr Commercial Mortgage Loan Servicing and Closing Specialist position at Americo Financial Life and Annuity?
Job Description
As the Sr. CRE Loan Servicing and Closing Specialist within Americo’s Commercial Mortgage Dept., you will be solely responsible for all commercial mortgage closings on new CM originations/refinancing’s and all commercial mortgage servicing functions in connection with Americo’s on-balance-sheet CM portfolio.
You will report directly to the Sr. Managing Director – Commercial Real Estate Investments and will also work closely with Americo’s Chief Investment Officer on various ancillary support functions and investment reporting.
This position will have direct contact with commercial mortgage banking correspondents/brokers, loan servicers, borrowers, attorneys, the Federal Home Loan Bank (Des Moines), and Americo’s internal investment accounting staff. This position will also provide ad-hoc support for Americo’s direct CRE development and investment activities.
Key Responsibilities
About Us
Bachelor’s degree preferred or related experience
Americo: We’re in this for life!
The roots of the Americo family of companies date back more than 100 years. Americo is a life insurance and annuity company providing innovative products to our customers. At Americo, it’s the people who make things work, so we hope you join us!
Compensation
What you’ll love about working at Americo:
Our competitive pay and robust bonus program, offered to all associates, will make you feel valued.
Learning And Development
We prepare you for success with a comprehensive, paid training program. Additionally, our Talent Development team creates various development opportunities for associates at every stage of their careers.
Work-life Balance
We value work-life balance with our generous paid time off; you begin accruing hours every month, and they increase with tenure. All new hires earn over three weeks of paid time off annually, plus 11 paid company holidays! We also support new mothers with a maternity leave program, along with paid STD and LTD.
Health And Well-being
We commit to your health and well-being and are proud to offer comprehensive health and life insurance options, including FSA or HSA accounts and subsidies to support your health and fitness goals through vendor partnerships at The Y, Orange Theory, WW, and more.
Future Planning
Americo offers a 401(k) with a company match. We also have tuition reimbursement programs to further your education.
Giving Back
We support several local organizations, such as Ronald McDonald House, Hope Lodge, the American Red Cross, Harvesters, and many more. Our associates volunteer their time and donate money alongside the company to make a difference in our community.
The Fun Stuff
Americo participates in the Kansas City Corporate Challenge, a great way to connect with coworkers. Additionally, we host events like a Royals Party at the K, a legendary Holiday Party, and in-office events with local vendors to allow associates to step away from work and enjoy each other’s company.
Bustling Environment
Our newly renovated offices are conveniently located in downtown Kansas City, within walking distance of your favorite restaurants and attractions. Plus, you’ll receive complimentary paid parking near our Americo offices – downtown parking is a premium, but we’ve got you covered.
#AMERICO
As the Sr. CRE Loan Servicing and Closing Specialist within Americo’s Commercial Mortgage Dept., you will be solely responsible for all commercial mortgage closings on new CM originations/refinancing’s and all commercial mortgage servicing functions in connection with Americo’s on-balance-sheet CM portfolio.
You will report directly to the Sr. Managing Director – Commercial Real Estate Investments and will also work closely with Americo’s Chief Investment Officer on various ancillary support functions and investment reporting.
This position will have direct contact with commercial mortgage banking correspondents/brokers, loan servicers, borrowers, attorneys, the Federal Home Loan Bank (Des Moines), and Americo’s internal investment accounting staff. This position will also provide ad-hoc support for Americo’s direct CRE development and investment activities.
Key Responsibilities
- Liaison with commercial mortgage banking clients, borrowers, and attorneys on new loan/refinance closings and on servicing requests
- Work with mortgage banker and borrower clients to manage the timely day-to-day workflow on loan closings including the preparation of closing checklists, monitoring receipt and accuracy of checklist deliverables, reviewing and approving property/GL insurance certificates and third-party reports, computing RE tax and insurance escrows, preparing loan disbursement statements, reviewing and approving title company closing statements, and working with internal investment accounting staff to ensure successful wire transfers
- Liaison with Americo’s outside legal counsel to ensure receipt of all loan closing documentation and prepare digital and paper files
- Enter loan onboarding data into CM loan servicing system and work with internal Investment Accounting staff to ensure ongoing timeliness and accuracy of the data
- Manage daily servicing functions of a portfolio of outside-serviced and internally-serviced CM loans in a timely and responsible manner to protect the interests of Americo
- Review and analyze loan requests involving assumptions, payoffs, holdback releases, parcel releases, modifications and then offer recommendations to senior management
- Monitor receipt, accuracy and approval of all required annual CREFC property inspection and financial statement reporting forms
- Work with CM servicing correspondents in computing and processing loan payoff statements
- Work with CM servicing correspondents to ensure timely and accurate monthly loan payments and remittance reporting
- Monitor timely RE tax and insurance payments on all CM loans during the life of the loan
- Work with outside loan servicers to ensure annual compliance with servicing agreements
- Support senior management in the preparation of periodic CM portfolio reports and quarterly FHLB compliance reports
- Provide limited administrative support to Sr. MD – CRE Investments and Chief Investment Officer
- Other duties as assigned
- 5 years of CML loan closing and CM loan servicing experience
- Proficiency in Microsoft Office applications with strong Excel skills
- Must be highly organized, self-motivated, and able to manage a variety of tasks in a pleasant, collaborative, time-sensitive manner
- Excellent communications skills and strong inter-personal client-servicing skills
- Experience with loan servicing systems, with proficiency in the Clearwater MLx CML servicing system is a plus
- Experience with CML reporting; experience working with FHLB a plus
About Us
Bachelor’s degree preferred or related experience
Americo: We’re in this for life!
The roots of the Americo family of companies date back more than 100 years. Americo is a life insurance and annuity company providing innovative products to our customers. At Americo, it’s the people who make things work, so we hope you join us!
Compensation
What you’ll love about working at Americo:
Our competitive pay and robust bonus program, offered to all associates, will make you feel valued.
Learning And Development
We prepare you for success with a comprehensive, paid training program. Additionally, our Talent Development team creates various development opportunities for associates at every stage of their careers.
Work-life Balance
We value work-life balance with our generous paid time off; you begin accruing hours every month, and they increase with tenure. All new hires earn over three weeks of paid time off annually, plus 11 paid company holidays! We also support new mothers with a maternity leave program, along with paid STD and LTD.
Health And Well-being
We commit to your health and well-being and are proud to offer comprehensive health and life insurance options, including FSA or HSA accounts and subsidies to support your health and fitness goals through vendor partnerships at The Y, Orange Theory, WW, and more.
Future Planning
Americo offers a 401(k) with a company match. We also have tuition reimbursement programs to further your education.
Giving Back
We support several local organizations, such as Ronald McDonald House, Hope Lodge, the American Red Cross, Harvesters, and many more. Our associates volunteer their time and donate money alongside the company to make a difference in our community.
The Fun Stuff
Americo participates in the Kansas City Corporate Challenge, a great way to connect with coworkers. Additionally, we host events like a Royals Party at the K, a legendary Holiday Party, and in-office events with local vendors to allow associates to step away from work and enjoy each other’s company.
Bustling Environment
Our newly renovated offices are conveniently located in downtown Kansas City, within walking distance of your favorite restaurants and attractions. Plus, you’ll receive complimentary paid parking near our Americo offices – downtown parking is a premium, but we’ve got you covered.
#AMERICO