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BurnsSearch, LLC
Sr. Associate Loan AdministrationBurnsSearch, LLC • TX-Plano, USA
Sr. Associate Loan Administration

Sr. Associate Loan Administration

BurnsSearch, LLC • TX-Plano, USA
30+ days ago
Job type
  • Permanent
Job description
The Senior Associate, Loan Administration, is responsible for ensuring compliance with investor guidelines, servicing agreements, loan documents, and service level agreements. Working in a team of 10-12 servicing professionals, the Senior Associate assists the Director, Loan Administration, in optimizing the use of technology, defining and implementing best practices, and consistently achieving Key Performance Indicators.
  • Review loan and closing documents to establish new loans on the servicing system.
  • Initiate monthly billing and generate welcome letters.
  • Process incoming payments, reconcile discrepancies between amounts due and amounts received, review clearing accounts, and process daily wires.
  • Update the servicing system with changes to loan structure, such as assumptions, modifications, or changes to borrowers and collateral.
  • Monitor Rate Cap Agreements, letters of credit, UCCs, reserves, and escrows.
  • Research and resolve lender and borrower inquiries and issues.
  • Ensure strict compliance with company policies and procedures. Continuously seek to improve existing processes.
  • Meet all training requirements promptly.
  • Contribute to the development and ongoing adherence to Key Performance Indicators.
  • Lead and participate in servicing projects as needed.
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Sr. Associate Loan Administration • TX-Plano, USA

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