What are the responsibilities and job description for the Commercial Loan Servicer position at Calculated Hire?
Commercial Loan Servicing Representative
Hybrid - Irving, TX
Contract - 12-month Contract to Hire
Pay Range: $35-40/hr
Calculated Hire is in search of a Commercial Loan Servicing Representative II for our Fortune 100 Financial Services Company. You will be responsible for the following:
Job Description:
You will be supporting day-to-day operations and activities related to servicing commercial ABL loan transactions according to bank policies, procedures, and regulatory requirements. This can include customer/client modifications, account maintenance, rebooking, and purchased receivables management to ensure accuracy through life of transaction.
Responsibilities:
• Lead a variety of servicing activities for complex commercial products
• Serve as primary liaison and work collaboratively with Sales, Legal, Control and Risk, Technology, and various Operations
and company teams as necessary to progress customer-focused needs
• Review and negotiate complex loan servicing transactions, evaluate risks, and devise strategies to mitigate risks and identify
procedural modifications
• Serve as an escalation point in the resolution of client issues
• Conduct quality reviews and monitor key performance metrics as related to efficiencies and effective processes
• Coordinate servicing activities to resolve open customer issues, loan and regulatory diligence and on-going portfolio
maintenance; interact with internal and external customers
• Evaluate and upload data into the systems of record
• Research complex business and operational decisions
• Ensure compliance with all policies, procedures, and regulatory requirements
Required Skills:
• Strong experience with Commercial loan servicing
• Familiarity with (ABL) asset-based lending - (look for understanding of tranches, settlements, swinglines, payoffs, restructures, payments, advances, and accruals)
• Familiarity with loan servicing software and MS Office tools (MS Excel).
• Experience reviewing financial data, reconciling accounts, and calculating charges.
• Ability to Review financial data, reconciling accounts, and calculating charges
Salary : $35 - $40