Job Description
The Loan Manager provides ongoing administration and support of real estate transactions during the loan disbursement process.
Description:
Description:
- Reviews, closes, and processes modifications/extensions, payments, rate changes, payoffs, partial releases, full releases and exceptions
- Administers the construction draw process which includes reviewing budgets and ensuring that the loans are balanced (including letter of credit exposure); reviews inspection reports, identifies and resolves construction and title issues. Ensures that requests are in accordance with governing loan documents and procedures and that all required approvals have been received
- Administers swapped loans (if assigned), including onboarding new swaps, manual monthly reconcilement of billing, applying and requesting payments to the loan and swap
- As needed, coordinates the loan closing process including performing necessary due diligence, gathering client data, reviewing loan approvals and executed documents, reviewing the initial draw request, preparing funding requests and following up on post-closing exceptions
- Works closely with loan closers, relationship managers, portfolio managers, internal and external counsel, borrowers and all other authorized parties affiliated with each loan transaction
- Bachelor's degree required
- A minimum of 4 years of financial industry experience, including 2 years of loan administration or loan operations experience
- Commercial/Construction Real Estate Loan Administration experience preferred
- Understanding of interest rate swaps preferred.
- Demonstrated knowledge of loan documentation and lending regulations and ability to effectively interface with customers, internal and external counsel, compliance, credit, title companies, inspectors, insurance companies and other external contacts
- Job may require additional hours of work during peak periods to meet service levels
Numbers & Facts
| Location | Pittsburgh, PA |
| Industry | Financial Services |
| Company Size | 1 to 9 employees |
| Website | http://www.synergystaffing.net |
About Company
We are a staffing company dedicated in placing quality candidates within our network of companies. We are unique and far different from most staffing companies. All Jobs posted on our sites are for immediate direct hire and we also hire on behalf of our clients. This eliminates steps in the hiring process and gets you to work faster!
Skills
- Accounting Closeunmatched
- Administrative Skillsunmatched
- Billingunmatched
- Budgetingunmatched
- Commercial Property Loansunmatched
- Constructionunmatched
- Construction Drawingsunmatched
- Customer Relationsunmatched
- Customer/Client Researchunmatched
- Disbursementsunmatched
- Due Diligenceunmatched
- Financeunmatched
- Fundingunmatched
- Insuranceunmatched
- Investment Managementunmatched
- Loan Approvalunmatched
- Loan Closingunmatched
- Loan Documentsunmatched
- Loan Operationsunmatched
- Loan Regulationsunmatched
- Loan Reviewunmatched
- Loansunmatched
- Onboardingunmatched
- Post Closingunmatched
- Problem Solving Skillsunmatched
- Real Estateunmatched
- Residential Constructionunmatched
- Residential Mortgagesunmatched
- Swap Marketunmatched
Level up your application
Professional resume templates
Browse dozens of recruiter approved resume templates, layouts and formats. Choose your favorite and make it your own in minutes.
Free resume templatesFree resume builder
Improve your existing resume or start from scratch and create a standout, ATS-friendly resume. Add job-specific content, download and apply.
Free resume builder