Commercial Loan Servicing Specialist (Remote)
Lewis | James Professional, East Petersburg, Pennsylvania, United States
Commercial Loan Servicing Specialist
Lewis James Professional is a woman-owned staff augmentation, project consulting and direct hire search and placement firm. We are currently seeking a Commercial Loan Servicing Specialist for a contract opportunity with a financial services client. Responsibilities
Monitor daily participation activity reports for financial transactions. Reconcile and remit funds within 24 hours of the transaction date via wire, deposit account, or check. Communicate transaction activity and interest rate changes to participating banks. Send periodic audit confirmations to participating banks to ensure accuracy of system accruals, participation balances, and ownership percentages. Maintain thorough knowledge of SBA rules, regulations, and operating procedures. Assist with the setup of new SBA loans and loan modifications on the loan core system and board loans into the SBA servicing system. Monitor daily SBA activity reports and reconcile financial transactions. Remit funds for loan payoffs, delinquency payments on sold loans, monthly guarantee fees, and non-delinquent sold loan payments via the SBA 1502 report. Ensure all remittances are submitted within required deadlines to avoid penalties and maintain Preferred Lender status. Verify and maintain accurate accruals, balances, and sold percentages between the core system and PCFS. Set up new escrow payee account segments on the loan core system. Review escrow payable reports and ensure timely payment of real estate taxes, property insurance, and flood insurance. Ensure receipt of new tax bills and insurance premium invoices and update the core system accordingly. Perform annual escrow analyses and review results for accuracy. Prevent penalties by ensuring all escrow disbursements are made on time. Qualifications
Strong knowledge of commercial loan servicing processes and financial transactions. Experience working with loan core systems; familiarity with SBA servicing systems preferred. Demonstrated understanding of SBA rules, regulations, and reporting requirements. High attention to detail with strong reconciliation and analytical skills. Ability to manage high-dollar, time-sensitive transactions with accuracy and urgency. Effective written and verbal communication skills, including interaction with participating banks and internal partners. Ability to work independently, prioritize tasks, and meet strict regulatory and payment deadlines. For immediate consideration, please click “Apply” and use Job Code BHJOB11837_4339. You may also send a copy of your resume to: resumes@lewisjamesprofessional.com and enter only the following job code in the subject line: BHJOB11837_4339. Lewis James Professional is an Equal Opportunity Employer. M/F/D/V
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Lewis James Professional is a woman-owned staff augmentation, project consulting and direct hire search and placement firm. We are currently seeking a Commercial Loan Servicing Specialist for a contract opportunity with a financial services client. Responsibilities
Monitor daily participation activity reports for financial transactions. Reconcile and remit funds within 24 hours of the transaction date via wire, deposit account, or check. Communicate transaction activity and interest rate changes to participating banks. Send periodic audit confirmations to participating banks to ensure accuracy of system accruals, participation balances, and ownership percentages. Maintain thorough knowledge of SBA rules, regulations, and operating procedures. Assist with the setup of new SBA loans and loan modifications on the loan core system and board loans into the SBA servicing system. Monitor daily SBA activity reports and reconcile financial transactions. Remit funds for loan payoffs, delinquency payments on sold loans, monthly guarantee fees, and non-delinquent sold loan payments via the SBA 1502 report. Ensure all remittances are submitted within required deadlines to avoid penalties and maintain Preferred Lender status. Verify and maintain accurate accruals, balances, and sold percentages between the core system and PCFS. Set up new escrow payee account segments on the loan core system. Review escrow payable reports and ensure timely payment of real estate taxes, property insurance, and flood insurance. Ensure receipt of new tax bills and insurance premium invoices and update the core system accordingly. Perform annual escrow analyses and review results for accuracy. Prevent penalties by ensuring all escrow disbursements are made on time. Qualifications
Strong knowledge of commercial loan servicing processes and financial transactions. Experience working with loan core systems; familiarity with SBA servicing systems preferred. Demonstrated understanding of SBA rules, regulations, and reporting requirements. High attention to detail with strong reconciliation and analytical skills. Ability to manage high-dollar, time-sensitive transactions with accuracy and urgency. Effective written and verbal communication skills, including interaction with participating banks and internal partners. Ability to work independently, prioritize tasks, and meet strict regulatory and payment deadlines. For immediate consideration, please click “Apply” and use Job Code BHJOB11837_4339. You may also send a copy of your resume to: resumes@lewisjamesprofessional.com and enter only the following job code in the subject line: BHJOB11837_4339. Lewis James Professional is an Equal Opportunity Employer. M/F/D/V
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