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Loan Administrator
Ref No.: 18-04721
Location: New York, New York
Position Type:Direct Placement
Pay Rate : $ 45,000.00 - 50,000.00 /Year
Loan Administrator

The Loan Administrator will be responsible for monitoring and servicing the loan portfolio through the ABS system. Providing daily, weekly or monthly reports including amortization schedules.

Work Performed:
 Monitor and maintain the loan portfolio through the ABS system
 Generate and process billing for the Loan Portfolio
 Process Cash Receipts (Lockbox and ACH) and apply payments to accounts
 Reconcile balances, run reports, generate loan payoffs, maintain employment records, reconcile and resolve loan balances, provide monthly cash receipt activity
 Provide monthly ACH reports to the Treasury department
 Assist attorneys with satisfaction and assignments of mortgages, borrower insurance policy issues, loan repayments, and file management

Loan Administrator's Requirements:
  • Bachelor's Degree required
  • 2+ years of Loan Admin experience including corporate loan accounting and billing systems
  • Loan operation knowledge, ability to create and modify loan amortization schedules