Loan Servicing Associate I

Windsor Advantage, LLC is a leading Lender Service Provider specializing in government guaranteed loans. The Loan Servicing Associate I is responsible for managing the servicing of Government Guaranteed Commercial Loans, providing customer service, and maintaining lender relationships.

Responsibilities

• Exhibit a detailed understanding, application and adherence to Loan Servicing policies and procedures. Oversee and ensure policies and procedures are being followed in compliance with regulatory and bank guidelines
• Manage the complete, accurate and auditable electronic supporting documentation packages for all functions that are performed
• Manage the servicing lifecycle of a loan from funding through payoff. This includes managing effective relationships with borrowers and lenders, reviewing requests for loan modifications to transition to the Portfolio Management group; providing borrowers with billing notices, amortization schedules, rate change notices, and year end interest statements upon request and reviewing payment activity with the borrower to ensure questions are addressed
• Create and provide Portfolio Loan Reports to lenders monthly, reviewing the data and accuracy of these reports with a high attention to detail. Scheduling meetings or phone calls with lenders to review the Portfolio Loan Reports as needed
• Manage the Loan Servicing inbox for all requests from borrowers, lenders, or the SBA relevant to the servicer’s assigned portfolio
• Prepare loan payoff letters as requested by borrowers, lenders, or third parties as needed
• Enter appropriate notice into the SBA’s FTA portal for loans that intend to pay off, mitigating risk to the company by ensuring that the notice remains active through payoff
• Exhibit a familiarity and understanding of all SBA Loan Servicing polices (SOP 5057)
• Proficiently use the PCFS2000 Loan Manager system (Loan Manager) for proper servicing of each loan within the servicer’s portfolio
• Review all DDA sheets, autopay, and lender correspondences monthly to ensure all borrower loan payments are entered into the system of record, as well as monitor the lender servicing account for returned payments
• Prepare and review lender 1502 reports to ensure accuracy and submission to the SBA’s FTA monthly
• Prepare lender monthly reporting and provide (via email) to banks
• Prepare 'Billing Notices' and provide them to borrower (via email or USPS)
• Review applicable loan closing documents to obtain data points needed for accurately onboarding new loans into the system of record. Review final onboarding details for accuracy and deliver onboarding notification to lender
• Review loan participations for accuracy and address issues with lender as needed
• Ability to calculate simple interest in order to explain payment splits and interest rate changes to borrowers and lenders
• Manage loan servicing phone line daily to answer incoming phone calls and answer borrower, lender, or third party questions with a high level of customer service
• Lender GL reconciliation and payment reconciliations
• Accurate processing of all payment types including checks processing, ACH, and wire transfers

Skills

• Bachelor's degree or equivalent related work experience
• Minimum of 1 year of experience in a fast-paced work environment with increased responsibilities
• Experience working effectively with off-site team members to complete projects
• Knowledge of commercial loan products and basic accounting
• Strong verbal and written communication skills
• Ability to effectively present information one-on-one and ability to define and solve problems, collect data, establish facts, and draw valid conclusions
• Must be organized and detail oriented
• Must be effective in group situations with other staff members
• Strong analytical and numerical skills
• Experience with all forms of closing documentation and closing requirements
• Experience with all SBA product offerings
• Experience with USDA product offerings
• Knowledge of legal and closing documents, insurance documents, construction documents, appraisal documents, and environmental documents
• Extensive knowledge of SBA/USDA, government guaranteed lending
• Work software including Microsoft Office, Office 365, Adobe Suite

Benefits

• Yearly annual target bonus based on individual performance
• Hybrid role expected to work in office Monday, Wednesday, and Thursday. You will be able to work remotely on Tuesday and Friday
• Comprehensive benefits package including Medical, Dental, Vision, Company Paid Life Insurance, Disability Insurance, and more?
• Company Contributions to your 401k - Regardless of your contribution
• Paid Parental Leave
• Employee Recognition Program
• Leadership Program
• Tuition Reimbursement Program
• Employee Bank Checking Account
• Generous Paid Time Off and Paid Holidays - Including Paid Charity Hours to support volunteer opportunities

Company Overview