Senior Commercial Loan Servicing Specialist (Remote or on-site)

  • Location
    Rutherford, New Jersey
  • Salary
    $ 50000 - $ 70000
  • Category
    Loan / Mortgage
  • Job reference:
  • Job type
    Contract/Temp to Hire

Currently, we have an opening for an experienced Senior Commercial Loan Servicing Specialist.  This role can be on-site in Passaic County, NJ or fully remote.  Well qualified candidates are encouraged to apply as this is considered a priority hire.

Specific Job Functions:

  • Manages and processes UCC collateral lien recordings
  • Submission of SBA monthly reports and any other related reporting requirements
  • Verifies data input on newly issued loans for quality control purposes
  • Prepares reports for management via excel and/or core report writer
  • Works with outside firm to verify adequate insurance coverage exists for collateral properties.  Processes force placed insurance as needed. 
  • Processes insurance payments on escrowed accounts
  • Assists in preparation for internal and external audits
  • Processes construction loan advances on the on-line system
  • Prepares and processes loan extensions and/or modifications
  • Assists with payment of real estate taxes and escrow analysis functions
  • Investigates and resolves customer inquiries and disputes on late payments, statements, escrow analysis, etc.
  • Assists with loan payoff processing
  • Process maintenance changes to the core system
  • Set up automatic funds transfer (ACH and Autopay) for monthly loan payments as requested and authorized by borrower(s) along with resolving returns or rejected items
  • Assists in special projects and assignments conducted within the Loan Servicing Department
  • Requirements:

  • High School diploma or equivalent
  • Minimum of five years previous experience in commercial and residential mortgage loan servicing or related area required
  • Equivalent mortgage or real estate related education may offset some, but not all, of experience requirement
  • Good understanding of financial institution procedures as it relates to Mortgage Loan Servicing
  • Experience in various types of commercial loan products, including but not limited to Commercial Real Estate, SBA, C&I, Business Lines of Credit
  • Strong working knowledge of Microsoft Office 365 with an emphasis with Excel
  • Strong customer service skills
  • Strong attention to detail and ability to meet deadlines
  • Excellent written and oral communication skills, as well as strong organizational skills
  • If interested, please apply directly via email to:




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