Loan Administrative Assistant

4 months ago


Chicago, United States The Symicor Group Full time
The Position

Our client is seeking to fill a Loan Administrative Assistant role in the Chicago, IL market. The successful candidate will provide administrative support for multiple loan officers.

The position offers a generous salary of up to $65K and a full benefits package. (This is not a remote position).

Loan Administrative Assistant responsibilities include:
  • Processing loan files, creating loan documents, and interacting with outside vendors to order appraisals, title work, track insurance, and obtain various standard reports or supporting documentation.
  • Managing the workflow process to ensure loan requests move efficiently through all stages.
  • Providing general loan servicing.
  • Ordering, compiling and reviewing due diligence for new and renewed loan transactions.
  • Preparing commercial loan documents and files within specified time limits to meet all crucial deadlines.
  • Ensuring all loan documentation is complete, accurate, verified, and that it complies with the bank policies and state and federal regulations and policies.
  • Ordering, gathering, and verifying background information on loan applicants and their business by conducting follow-up applicant interviews, obtaining credit bureau reports, business income statements, appraisals, title insurance, and other necessary verification documentation.
  • Interviewing customer loan applicants to gather basic information concerning their business loan needs.
  • Performing loan transactions efficiently, accurately, and in a professional manner while providing quality customer service focused on building strong business relationships.
  • Tracking insurance, taxes (real estate), and borrower financial information ensuring continued compliance with all loan requirements.
  • Calculating loan payoffs, processing interest payments and when the loan is paid, terminating collateral liens or holds.
  • Taking the initiative to follow-up, escalate, or seek additional resources to ensure customer satisfaction in a timely manner.
  • Assuming other duties and responsibilities as assigned by the manager.
  • Cross-training in loan documentation.
Requirements
Who Are You?

You're someone who wants to influence your own development. You're looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.

You also bring the following skills and experience:
  • High School diploma or GED.
  • Five or more years of commercial mortgage processing experience is required.
  • Five or more years working in loan operations or loan documentation with specific experience in due diligence review and loan documentation.
  • Experience with LaserPro required.
  • Solid working knowledge of mortgage title insurance, hazard insurance, and flood insurance as they pertain to loan collateral.
  • Working knowledge of real estate and equipment appraisals required for loan collateral.
  • Solid understanding of the most common loan reporting requirements such as HMDA and CRA as demonstrated by the ability to collect accurate data.
  • Solid understanding of the core processing system as demonstrated by the ability to accurately process monetary transactions, loan maintenance, and resolve most balancing issues.
  • Solid understanding of the basic requirements for perfecting a security lien.

Benefits

The position offers a generous salary of up to $65K and a full benefits package. (This is not a remote position).
  • Loan Administrator

    3 days ago


    Chicago, Illinois, United States TEKsystems Full time

    Job Title: Loan AdministratorWe are seeking a highly skilled Loan Administrator to join our team at TEKsystems. As a Loan Administrator, you will be responsible for maintaining and tracking loan documents, ensuring they are complete and accurate. You will also handle customer inquiries and provide research for both internal and external customers.Key...


  • Chicago, Illinois, United States RF RENOVO MANAGEMENT COMPANY LLC Full time

    Job OverviewPosition: Loan Administration SpecialistAbout Us:RF RENOVO MANAGEMENT COMPANY LLC is a dynamic and expanding private lending institution dedicated to supporting real estate investors in the acquisition and renovation of residential properties. We are committed to delivering exceptional service throughout the loan lifecycle, ensuring our clients...


  • Chicago, Illinois, United States Cinnaire Full time

    Position Overview:The Loan Administration Specialist is responsible for the onboarding and management of affordable housing and community facility loans utilizing a sophisticated loan servicing software platform.This role also entails providing technical guidance and support to both internal and external stakeholders, actively addressing challenges and...

  • Loan Administrator

    4 days ago


    Chicago, United States TEKsystems Full time

    Pay Rate: $35-40/HRLocation: Downtown Chicago (Hybrid Remote)Industry: BankingDepartment: Loan AdministrationPermanent: YesRemote Details: 2-3 days a week onsite for training and then 2 times a month onsite after training. *Must Have: *2-5 years of mortgage loan servicing experience and be comfortable with Data. Also looking for loss mitigation and default...

  • Loan Officer Assistant

    4 months ago


    Chicago, United States Neighborhood Housing Services Full time

    Job DescriptionJob DescriptionBASIC JOB FUNCTIONThe NHS Chicago Loan Originator Assistant plays a vital role in the administrative upkeep of a loan office. As such, the duties of a Loan Originator Assistant covers the entire loan origination process, including managing paperwork and interacting with everyone involved to keep the process moving efficiently....

  • Loan Administrator

    5 days ago


    chicago, United States RK Management Consultants, Inc. Full time

    One of our direct banking clients in Chicago, IL, is looking to fill a Loan Administration Specialist position. If you're interested, please review the role and apply today!Team Background:The defaults management team handles early and life-stage delinquency reporting and management.This position/team does not work directly with individuals regarding their...

  • Loan Administrator

    5 days ago


    Chicago, United States RK Management Consultants, Inc. Full time

    One of our direct banking clients in Chicago, IL, is looking to fill a Loan Administration Specialist position. If you're interested, please review the role and apply today!Team Background:The defaults management team handles early and life-stage delinquency reporting and management.This position/team does not work directly with individuals regarding their...

  • Loan Administrator

    2 days ago


    Chicago, IL, United States TEKsystems Full time

    Pay Rate: $35-40/HRLocation: Downtown Chicago (Hybrid Remote)Industry: BankingDepartment: Loan AdministrationPermanent: YesRemote Details: 2-3 days a week onsite for training and then 2 times a month onsite after training. Must Have: 2-5 years of mortgage loan servicing experience and be comfortable with Data. Also looking for loss mitigation and default...


  • Chicago, Illinois, United States The Symicor Group Full time

    {"title": "Loan Administrative Assistant", "description": "Job SummaryWe are seeking a highly skilled Loan Administrative Assistant to join our team at The Symicor Group. As a Loan Administrative Assistant, you will provide administrative support for multiple loan officers, ensuring the efficient processing of loan requests and the accuracy of loan...


  • Chicago, Illinois, United States The Symicor Group Full time

    Loan Administrative AssistantThe Symicor Group is seeking a highly skilled Loan Administrative Assistant to join our team in the Chicago, IL market. As a Loan Administrative Assistant, you will provide administrative support for multiple loan officers, ensuring the efficient processing of loan requests and the accuracy of loan documentation.Key...

  • Loan Specialist

    4 days ago


    Chicago, Illinois, United States RK Management Consultants, Inc. Full time

    Job Title: Loan AdministratorWe are seeking a highly skilled Loan Administrator to join our team at RK Management Consultants, Inc. in Chicago, IL. As a Loan Administrator, you will play a critical role in managing the full lifecycle of delinquency, from early stage to late stage and post-conveyance.Key Responsibilities:Develop strategies for closure...


  • Chicago, Illinois, United States BMO Full time

    Job SummaryWe are seeking a highly skilled and experienced SBA Loan Administration Team Lead to join our team at BMO. As a key member of our lending operations team, you will be responsible for delivering critical lending operations processes, including SBA loan administration and servicing activities.Key ResponsibilitiesDevelop and implement solutions to...


  • Chicago, Illinois, United States Neighborhood Housing Services Full time

    Job OverviewThe Loan Officer Assistant at Neighborhood Housing Services plays a crucial role in the operational support of a lending office. This position encompasses the entire loan origination process, which includes managing documentation and liaising with all parties involved to ensure a smooth workflow. Additionally, the assistant is responsible for...


  • Chicago, Illinois, United States U.S. Bank Full time

    Job DescriptionAt U.S. Bank, we're committed to helping our customers and businesses succeed. As a Collateral Loan Obligation Administrator, you'll play a critical role in managing our CLO system and ensuring accurate information is available to our clients.Key ResponsibilitiesSet up new portfolios, assets, and cash mapping input to the CLO systemProcess...


  • Chicago, United States Evangelical Lutheran Church in America Full time

    Job Type Full-time Description About the ELCA The ELCA is one of the largest Christian denominations in the United States, with 3 million members in more than 8,700 worshipping communities across the 50 states and in the Caribbean region (Puerto Rico and the U.S. Virgin Islands). With a vision to live in a world experiencing the difference God's grace and...


  • Chicago, Illinois, United States City Colleges of Chicago Full time

    Job Summary:The City Colleges of Chicago is seeking a highly organized and detail-oriented Administrative Assistant II to join our team. As an Administrative Assistant II, you will provide administrative support to the EMT/Paramedics Program department, ensuring the smooth operation of daily office activities.Key Responsibilities:Provide administrative...


  • Chicago, Illinois, United States Byline Bank. Full time

    Job OverviewThe Construction Loan Operations Specialist plays a crucial role in overseeing the management of loan processing and documentation activities. This position is dedicated to resolving operational challenges to guarantee efficient and cost-effective solutions.Key Responsibilities:Assist in the analysis and preparation of construction draw requests...


  • Chicago, Illinois, United States Byline Bank. Full time

    Job OverviewThe Construction Loan Operations Specialist plays a crucial role in overseeing the management of loan processing and documentation within the organization. This position is essential for addressing operational challenges to ensure effective and economical resolutions.Key Responsibilities:Assist in the analysis and preparation of construction draw...


  • Chicago, Illinois, United States Byline Bank Full time

    The Construction Loan Operations Specialist plays a crucial role in overseeing the management of loan processing and documentation for construction financing. This position addresses operational challenges to ensure effective and economical resolutions.Key Responsibilities:+ Assist in the analysis and preparation of construction draw requests and necessary...


  • Chicago, Illinois, United States U.S. Bank Full time

    About the RoleThe Collateralized Loan Obligation Group (CLO) is a division within Global Corporate Trust and Custody at U.S. Bank. As a Middle Office CLO Loan/Asset Administrator, you will play a critical role in managing the daily CLO system and issue tracker reports. Your primary responsibility will be to set up new portfolios, assets, and cash mapping...