Senior Loan Operations Specialist
2 days ago
PrideStaff is seeking a Senior Loan Operations Specialist to join their team in the North Dallas area. As a key member of the loan administration team, this individual will be responsible for ensuring compliance with investor guidelines, servicing agreements, and loan documents. The successful candidate will have a strong understanding of commercial real estate finance, including various loan types, property types, and lenders.
Key Responsibilities:
- Review and process loan and closing documents to establish new loans on the servicing system
- Initiate monthly billing and generate welcome letters
- Process incoming payments, reconcile discrepancies between amounts due and amounts received, review clearing accounts, and process daily wires
- Update the servicing system with changes to loan structure, such as assumptions, modifications, or changes to borrowers and collateral
- Monitor letters of credit, UCCs, reserves, and escrows
- Research and resolve lender and borrower inquiries and issues
- Ensure strict compliance with company policies and procedures
Requirements:
- Bachelor's degree in finance, real estate, or accounting preferred
- 3-5 years of commercial real estate loan servicing experience for multiple capital sources/investors, with a focus on Balance Sheet or Bridge lending structures
- Strong understanding of commercial real estate finance, including various loan types, property types, and lenders
- Proven experience in commercial mortgage servicing, preferably in a cross-functional team environment with knowledge in loan closing, boarding, billing, collections, and cash management
- Proficiency in loan documents and document management
- Knowledge of letters of credit, reserves, UCCs, and liens
- Expertise in maturing loans and loan payoffs
- Leadership and problem-solving skills in a fast-paced environment
- Excellent verbal and written communication skills
- Attention to detail, sense of urgency, and strong customer service orientation
What We Offer:
- Competitive salary: $60,000 - $80,000 per year
- Full medical benefits package
- Dedicated consultants that provide industry insights & resources to ensure continued career development
- Representation to top employers in the North Dallas area
- A professional, supportive team environment
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