Commercial Loan Payment Processor Position Available In Hillsborough, Florida

Commercial Loan Payment Processor AmeriNat

• 3.

5

Tampa, FL Job Details Full-time Estimated:

$41.2K

• $51.

2K a year 1 day ago Benefits Health savings account Paid holidays Disability insurance Health insurance Dental insurance 401(k) Flexible spending account Paid time off Employee assistance program Vision insurance 401(k) matching Opportunities for advancement Life insurance Qualifications Commercial banking expertise Microsoft Excel Microsoft Outlook Commercial loans Payment processing Mid-level Attention to detail Organizational skills Loan funds disbursement Critical thinking 2 years Communication skills Banking Full Job Description Primary Position Objective Provide loan administration services and other functions, as needed, across a broad range of performing and distressed commercial loans of varying complexities and collateral types. The candidate will be primarily responsible for (1) payment processing across various commercial portfolios and (2) monitoring property taxes and property insurance. Payments received are from Lockbox files, Automatic Clearing House (“ACH”), Check by Phone, wired funds, and postal services.

Major Duties and Responsibilities:

Payment Processing Daily processing of incoming payments, received by various sources, and posting into loan system. Research lockbox rejections and pending items. Boarding ACH records to loan system and establish reoccurring ACH draws. Timely processing of insufficient funds, including system adjustments and notification to the asset management team. Daily balancing and research / resolve balancing discrepancies. Research payment discrepancies and make system corrections if needed. Perform loan history reconstruction, if necessary. Monitor reports and system generated notices to ensure rate changes and other covenants remain in compliance in accordance with documented terms. Update loan system with any change in a variable rate index. Process loan payoffs, which includes timely notification to asset management team, preparing and recording collateral releases, loan record closeout and preparing any deliverables to borrowers. Effectively process accounts payables to ensure timely posting to borrower’s loan records as well as ensure timely payment to vendors. Assist other loan administrators with monitoring and coordinating the movement of funds to and from various reserve types as well as cash management accounts. Tax and Insurance Monitoring Monitor and manage loans with escrows for timely payment of collateral property taxes and property insurance in accordance to loan documents. Monitor and manage non-escrowed loans to ensure borrowers have timely paid collateral property taxes and property insurance in accordance to loan documents and ensure timely reporting to asset management team and client(s) if non-payment. Establish and maintain escrow accounts in accordance with loan documents and to be able to reconcile deposits and disbursements. If property taxes and property insurance are escrowed, perform escrow analysis to ensure appropriate funds are available for timely payment. If property tax and insurance escrow accounts lack sufficient funds to timely pay in full, prepare correspondence to asset management team, client(s) and borrowers. Work with asset management team, client(s), borrower(s), and borrower’s insurance agents to cure any discrepancies or lack of evidence related to property insurance Provide timely notice to third-party tax service vendor of any new real estate collateral to be monitored. Review and distribute third-party tax service vendor reports to asset management team and client(s) and establish ticklers for Other Work with other Loan Administrators to establish and maintain an organized commercial loan credit / collateral files. Work with other Loan Administrators with interpreting loan and collateral documents to accurately input terms into our loan system. Adhere to timelines and deadlines established based on client needs and department workflow.

Supervisory Requirements:

None Independent Judgment:

Identify potential issues, including but not limited to, inconsistencies, errors and defaults and effectively report those issues to managers and clients. Familiarity of all aspects of permanent loans servicing, including, but not limited to payment processing, escrow administration and analysis, ARM management, real estate perfection recordings, UCC management, and investor reporting. Possess the ability to recognize “norms” and identify those parameters that are “unique” or unusual, that may require special handling.

Minimum Qualifications:

2 plus years’ experience in the loan administration / servicing industry, ideally in the commercial banking / finance arena required. Experience working with commercial loan servicing systems, ideally, Nortridge Loan System. Knowledge of commercial loan documentation, including but not limited to, promissory notes, mortgages, loan agreements, and security agreements. Strong Excel, Word, and Outlook knowledge and use. Exceptional attention to detail. Strong organizational skills. Robust problem-solving skills. Ability to implore critical thinking measures and to think through global consequences. Professional communication skills, both verbal and written. Must be able to produce at a high level under limited supervision and meet imposed deadlines in a fast paced, demanding environment. Must be able to work independently and in a cooperative team environment; and Comfortable in a fast-paced atmosphere with varied responsibilities based on priorities of the current situation. Physical Requirements Talking

• Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly. Hearing
• Able to hear average or normal conversations and receive ordinary information. Repetitive Motion
• Movements frequently and regularly required using the wrists, hands, and/or fingers. Vision
• Average, ordinary, visual acuity necessary to prepare or inspect documents or products or operate machinery. Physical Strength
• Sedentary work; sitting most of the time.

Exerts up to 10 lbs. of force occasionally. This description has been designed to indicate the general nature and level of work performed by an employee in this position. The actual duties, responsibilities and qualifications may vary in the future based on new or revised work assigned to this position. AmeriNat offers a competitive benefits package including 401k; performance incentives; paid medical, life and long-term disability; dental; PTO and holiday pay as well as opportunities for advancement. Dress code is business casual (jeans allowed) and occasional business attire required. AmeriNat will consider qualified applicants in a manner consistent with local “Fair Chance” ordinances. AmeriNat is an Equal Opportunity Employer.

Job Type:

Full-time Expected hours: No less than 40 per week

Benefits:

401(k) 401(k) matching Dental insurance Employee assistance program Flexible spending account Health insurance Health savings account Life insurance Paid time off Vision insurance

Schedule:

Monday to

Friday Experience:

commercial loan administration: 2 years (Required) Ability to

Commute:

Tampa, FL 33634 (Required)

Work Location:

In person