Loan Servicing Administrator

Colliers International • Minneapolis, MN

2d • $90,000 - $100,000 • Onsite

About The Position

Make your next move an expert one. At Colliers it’s not our success that sets us apart, it’s how we achieve it. Our people are passionate, take ownership and always do what’s right for our clients, people and communities. Why Colliers? Our enterprising environment needs your expertise to facilitate Colliers’ continued growth as an industry leader. Our nimble, decentralized culture can provide you with a wealth of opportunities to learn about our business and quickly gain experience to accelerate your career. SUMMARY The position of Loan Servicing Administrator services commercial real estate loans sold as participations to community banks and credit unions nationwide. This position is responsible for processing construction draws, escrow disbursing, coordinating loan closings, tracking loan covenants, invoicing, and processing payments. Serves as a primary contact for participant banks, borrowers and other members of the department.

Requirements

• Bachelor’s Degree in either Business or Accounting preferred
• 5 or more years of relevant experience required
• Experience in real estate and/or banking required
• Knowledge of commercial real estate mortgage documents and terms
• General accounting knowledge
• Knowledge of banking CIP requirements
• Proficient in Microsoft Office with some advanced skills in Microsoft Excel.
• Time management and problem-solving skills
• Ability to work under pressure and manage multiple tasks concurrently
• Excellent written and verbal communication skills

Responsibilities

• Coordinates with bankers, title companies, attorneys, and participant banks on loan closings, modifications, and payoffs.
• Works with borrowers, participant banks, title companies, and vendors for construction loan and escrow disbursements.
• Interfaces with participant banks on purchase of participation loans and drafts participation agreements/certificates.
• Answers payment, documentation, and general questions from participant banks.
• Works with accounting department on billing, payments, escrow and construction disbursements.
• Interfaces with bankers regarding borrower requests for information such as transaction history, escrow balances and payoff requests.
• Mentors and helps to train other members of the Loan Servicing department.
• Other duties as assigned.

Benefits

• We offer a comprehensive benefits package for employees and their families including medical and dental plan
• 401k plan including company matching
• firm funded life and disability insurance.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level