Participation Loan Operations Specialist

2 months ago

Valencia, United States Logix Federal Credit Union Full time

Overview:

The Participation Loan Operations Specialist is responsible for maintaining the existing and new participation relationships by ensuring participation loan activities meet all established guidelines. The position also handles various service requests on existing loan portfolio.

Responsibilities:
Assists in maintaining participation relationships with new and existing participating CUs by serving as the primary contact in coordinating pertinent financial information. Perform in-depth financial analysis and annual review of participation loans, as needed. This includes a review and analysis of the rent roll, new lease agreements, personal and business tax returns, and personal financial statements. Requires conducting a property level loan review and global cash flow analysis, and market analysis on the property and where situated. Obtain information from Costar reports and includes perspective on any critical factors. Performs service requests made by participating credit unions. Collects and analyzes financials from lead Credit Unions on an annual or as-needed basis. Facilitates agent financing (LFCU as a servicer and underwriting agent). Assists in the coordination of funding for participation sales and purchases. Communicates with third-party loan servicers to ensure accuracy of participation loan setup. Communicates with Accounting and Finance to ensure boarding data integrity. Assists in administering participation agreements by partnering with Legal Department. Assists in ensuring that participation loans meet all CU and regulatory requirements. Maintains accurate accounting of remittance reports and wires from participating credit unions. Performs processor duties for loan participation purchases. Assists in the facilitation of audits as needed. Monitors workflows to ensure loan purchases are accurately boarded and reported in accordance with laws & regulations. Adheres to a lending culture that is consistent with the CUs short-term and long-term strategic initiatives. Strives to achieve annual departmental goals which align with budget and operating plan objectives. Establishes and consistently updates formal tracking worksheets/schedules for every loan/pool within the portfolio, based on their payment schedule & maturity. Ensures all loan grades are updated accurately and timely, in accordance with internal and external loan reviews. Thoroughly investigates payment and/or loan posting irregularities detected during daily tasks. Completes loan verifications from lead and servicing institutions. Proactively participates in process evaluation and improvement. Facilitates service requests for existing portfolio, including not limited to, changes in borrower, release of holdback reserves, ACH set-up, and title endorsements. Prepares loan documents related to servicing actions. May serve as back-up or stand-in for Sr. Participation Loan Coordinator or Credit Analyst Participates in periodic in-person department, division, and company meetings and events

Qualifications:

Education

Min/Preferred: Preferred

Education Level: 4 Year / Bachelors Degree

Description: Bachelors degree or equivalent with an emphasis in finance or real estate. Formal credit training from a national or regional bank preferred.

Experience

Minimum Years of Experience: 3

Comments: Must have 3 years commercial real estate credit analysis experience, including global cash flow analysis on the guarantor/sponsor of the loan.

Knowledge, Skills & Ability Must have working knowledge of California and Western US real estate markets with an exposure to other markets. Must have intermediate to advanced knowledge of Outlook; Internet Explorer; Word and Excel. Experience with Realm Argus is a plus. Successful completion of RESPA, FCRA, Reg B, and Reg Z classes within 90 days of employment (to be provided by LFCU). Must have superior oral and written communication skills. Must be able to work efficiently in a fast-paced, deadline driven environment. Must be able to effectively handle multiple priority projects at a time. Must be able to effectively work with all levels of employees including senior management. Must be able to make effective presentations to individuals and groups.

Corporate Values:

Practice open Communication with all levels;

Be Accountable by taking ownership of customer issues and responsibility for ones actions;

Foster Teamwork by cooperating and collaborating with other employees;

Seek ways to make the workplace Fun for oneself & others;

Conduct oneself with Integrity by being honest, trustworthy and ethical in all work activities and interactions;

Work with a Service Orientation by having a genuine concern for the needs of ones customers and by being friendly, professional and following through on commitments; and

Demonstrate Humility in all interactions and remember to leave ones ego at the door when one arrives to work.

Disclaimer:

Logix Federal Credit Union is an equal opportunity employer that does not discriminate in employment opportunities or practices on the basis of race, religion, color, sex, sexual orientation, gender identity, national origin, protected veteran or disability status, or any other status protected by law.

Pay Range:
USD $32.21 - USD $48.32 /Hr.

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