Remote Loan Processing Assistant at RP Pro Services | Torre

Remote Loan Processing Assistant

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Full-time

Legal agreement: Employment

Compensation
USD30k - 60k/year
Non-negotiable
location_on
Hybrid (United States)
Posted over 5 years ago

Responsibilities


• You’ll independently manage an assigned portfolio of loans and concentrate on loans delinquent for the purpose of securing payments to bring the loan current by making telephone calls and writing collection letters to borrowers. • You’ll keep loan specialists informed of borrower’s payment record referring delinquent loans over one hundred twenty days (120) for further action by loan officers. • You’ll prepare summary recommendations to supervisory or lead loan specialist for review or appropriate actions. • You’ll ensure all routine transactions requirements are accomplished for assigned loans. • You’ll spread and analyze borrower’s financial statements, compare with statements previously furnished to determine trends in financial condition and to determine compliance with loan terms and conditions, particularly with respect to salaries, whether pledged assets have been disposed of and whether additional assets have been acquired. Bring to the attention of the supervisory loan specialist and/or lead loan specialist any adverse change in financial condition or any serious violation of loan agreement. • You’ll prepare and analyze information to develop transaction documents, such as the SBA Form 327, involving, for example, deferment of payments, extension of loan maturity, temporary increase/decrease of installment payments, charge off and referral to treasury, etc. This requires the ability to read and analyze financial statements to determine whether the borrower’s request should be approved or declined. In doubtful or more difficult cases, consults with lead loan specialists and possibly, the Agency’s supervisory loan specialist. • You’ll answer basic credit requests from individual borrowers, banks, and other financing agencies. This involves stating whether or not the loan is current, the original amount of the loan, the loan balance, and our experience with the borrower. • Be able to complete tasks related to loan administration such as loan collections, charging off loans, ordering lien searches, making a minor modifications to loans, and transferring loans to and from liquidation status. • Highly skilled in oral and written communication to extract needed information and to ensure an effective response to Agency borrowers or stakeholders.