LOAN SERVICING SPECIALIST

Job Type

Full-time

Description

Seeking an organized, motivated, collaborative individual to join our dynamic, reputable property management company headquartered in Southfield, MI as an on-site full-time loan servicing specialist. Applicants should demonstrate excellent communication skills, attention to detail, and a personable, professional demeanor.

The position includes external correspondence with lenders, servicers, or their agents, and internal correspondence with accounting, finance or operations staff. In addition, the position will require loan analysis and maintenance of organized files for each loan as well as summaries of the loan portfolio. The role involves acting as a primary point of contact for lenders or lender

servicers, and ensures all correspondence is consistent with loan requirements for the life of the loan. The position will report to senior finance personnel, with involvement from accounting and operations personnel.

Responsibilities include:

• Provide loan servicing review and correspondence.
• Prepare loan servicing tracking documents (finance reporting log) for internal review and lender compliance using word processing, spreadsheet, database, or presentation software.
• Prepare correspondence with external lenders or loan servicers that is professional, comprehensive and consistent with loan requirements.
• Review internal financial statements, including cash flows, income statements, balance sheets, rent rolls, delinquency and other reports necessary to meet lender reporting requirements.
• Review and summarize requirements of loan documents, including notes, loan agreements, reserve or escrow documents and any other servicing related documents such as management agreements, partnership assignments, consent resolutions, affidavits or other legal documents.
• Prepare loan servicing tracking and analysis documents using word processing, spreadsheet, database, or presentation software.
• Read and analyze incoming servicing letters, memos, submissions, and reports to determine their significance and plan their distribution internally as directed by senior accounting, finance or operations staff.
• Prepare responses to correspondence containing routine inquiries.
• Maintain corporate correspondence and record keeping related to loan servicing.
• Comply with federal, state, and company policies, procedures, and regulations.
• Maintain checklists, document requests, closing coordination and execution of documents.
• Satisfy any other reasonable requests or assistance to key accounting or finance staff.

The role involves acting as a primary point of contact for lenders or lender servicers, and ensures all correspondence is consistent with loan requirements for the life of the loan. The position will report to senior finance personnel, with involvement from accounting and operations personnel.

Benefits:

• Competitive wages within the industry.
• Health, dental, and vision benefits.
• Life insurance and AD&D
• Short Term Disability
• AFLAC
• 401(k) and 401(k) Roth
• Allyhealth Tele-Medicine
• Flexible Spending Accounts
• Paid Holidays and PTO Time
• Training and professional development opportunities.
• Positive and inclusive work environment.

Princeton Management is an Equal Opportunity Employer.

Requirements

Applicants must exhibit attention to detail, adaptability, flexibility, collaboration, dependability, integrity, self-control, stress tolerance, troubleshooting, active listening, sound decision making ability and initiative to take on responsibilities and challenges. High school diploma or equivalent is required.