Senior Associate, Commercial Loan Servicing
Core
Overseeing insurance and real estate tax activities for a commercial bank's real estate secured loan portfolio.
Role type
Senior Associate, Commercial Loan Servicing
Builds
Accurate escrow and insurance records for commercial loans
Domain
Commercial Banking / Real Estate Finance
Deliverable
client delivery
Required skills
Insurance record maintenance, escrow analysis, tax payment processing, vendor platform management, regulatory compliance, data reconciliation, force-placed insurance coordination
Preferred skills
Cotality, HUB, McCraken, LoanIQ system experience
Responsibilities
Maintain accurate insurance records (flood, hazard, general liability) in core systems; Review and reconcile insurance vendor reports; Monitor insurance coverage for expirations and discrepancies; Process real estate tax payments and perform annual/interim escrow analyses; Investigate and resolve escrow discrepancies; Coordinate with relationship managers and vendors for documentation; Manage property loss files and fund releases; Respond to internal and external insurance and tax inquiries and audits.
Seniority
Mid-level individual contributor