Assume responsibility for day-to-day administrative servicing of assigned loans
Draft general memos, request-for-change memos, term sheets and approval letters as needed
Attend client services team pipeline meetings – to include assisting in maintaining team pipeline and assist in managing past due payments, financial statements, credits, etc.
Review loan documentation for accuracy and compliance with relation to the approval
Assist with the ongoing maintenance needs of the client services teams portfolio, including obtaining financial statements and other documentation and servicing needs
Ability to prepare loan packages for submission to credit underwriting and approval, including submission through Bank credit system
Assist in aggregating information for completing loan application packages including financial statements, tax returns, nature of request, terms, collateral and other documents needed
Coordinate with treasury management/branch personnel to open deposit accounts, setup online banking/ ACH origination, wires and all other treasury products offered
Coordinate with lender, assistant portfolio manager, borrower, attorneys, appraisers, title companies, and others to complete closing and disbursement of loan funds
Assist in maintaining complete and fully documented credit and collateral files
Assist in Pre-closing loan duties, including but not limited to, setting up loan files, ordering title work and insurance, obtaining flood certifications, pulling credit reports, and assisting personnel in the Loan Administration Department to obtain information necessary for settlement
Coordinate title work for real estate closings with title companies and attorneys with client services team oversight
Ability to assemble documentation, upon approval and acceptance of commitment, to bring loan to closing
Assist in updating watch-list reports on a monthly basis or as often as needed
Coordinating with the assistant portfolio manager as needed on all tasks
Coordinating with Construction Draw Department on all draw requests
Ordering appraisals through the Appraisal Department
Coordination and record keeping of invoices with accounting and other internal/external departments for timely payments
Assist in post-closing loan duties regarding Homeowner’s and Builder’s Risk insurance, Post UCC searches, recordation of Deeds of Trusts, Assignment of Rent and Leases, title insurance and obtaining originals of all signed loan documents.
Assist with daily collection and wires of loan payments to DMI. Assist with monthly reconciliation of DMI reports.