Loan Administration Specialist

2 weeks ago

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 ensuring prompt service delivery.


Key Responsibilities:
Input loan information into the servicing software; verify the precision of loan data.
Generate loan amortization schedules within the servicing system after closing.

Execute a range of loan transactions, including processing payments, preparing and executing payoffs, calculating and managing escrow transactions, facilitating loan disbursements, and handling various transfers.

Oversee and manage payment requests associated with property taxes, insurance, and repair and replacement reserves for the loan portfolio, ensuring proper monitoring and processing of these payments.

Act as the primary contact for borrower communications by preparing direct billing, addressing incoming inquiries through all communication channels, and generating and distributing annual loan documentation.

Conduct monthly balance transfers of commercial lending products to the finance department.

Serve as the backup expert for the organization's loan servicing software; troubleshoot and resolve issues that may arise across loan portfolios.


Qualifications:
Bachelor's degree is preferred.
A minimum of one year of experience in loan servicing is required.
Experience in commercial and/or residential real estate lending is preferred.
Familiarity with affordable housing and community development is desirable but not mandatory.

Core Competencies:

Customer Orientation:
Anticipates customer needs and utilizes insights to enhance and/or adapt client services.

Diversity Appreciation:
Recognizes the advantages of leveraging diverse perspectives within the organization.

Resilience:
Maintains focus and engagement in the face of uncertainty, seeking viable solutions to complex challenges.

Continuous Improvement:
Embraces a mindset geared towards ongoing development, actively pursuing skill enhancement and career growth.

Reporting Structure:
Reports to the Manager of Loan Servicing.

Supervisory Responsibilities:
None

Physical Demands:
Ability to work at a computer for extended periods.

Travel Requirements:
Minimal

Benefits:

Comprehensive benefits package including Medical, Health Reimbursement Account, Flexible Spending Accounts (medical and dependent care), Dental, Vision, Life Insurance, Accidental Death & Dismemberment, Long-Term Disability, Employee Assistance Plan, Pet Insurance, Identity Theft Protection, Paid Mobile Phone Service, Unlimited PTO, Incentive Compensation, 403(b) Plan, and Profit-Sharing Plan.

Cinnaire is committed to equal employment opportunities (EEO) for all employees and applicants, without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, marital status, veteran status, or any other characteristic protected by law.

Cinnaire adheres to all applicable federal, state, and local laws, regulations, and ordinances prohibiting employment discrimination and is dedicated to the full inclusion of all qualified individuals.

As part of this commitment, Cinnaire is focused on providing access and reasonable accommodations in its services, programs, activities, recruitment, and employment for qualified individuals with disabilities.

  • Loan Administration Specialist

    1 week ago

    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...

  • Construction Loan Operations Specialist

    2 weeks ago

    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...

  • Construction Loan Operations Specialist

    2 weeks ago

    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...

  • Construction Loan Operations Specialist

    2 weeks ago

    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...

  • Mortgage Loan Specialist

    2 weeks ago

    Chicago, Illinois, United States Neighborhood Housing Full time

    Mortgage Loan Specialist at Neighborhood HousingNeighborhood Housing is seeking a dedicated Mortgage Loan Specialist to enhance our team. Below are the key details:Position OverviewPRIMARY FUNCTIONFacilitate the origination of all Neighborhood Housing loan and grant offerings; assess potential homebuyers and borrowers; promote Neighborhood Housing products...

  • Commercial Loan Specialist

    6 days ago

    Chicago, Illinois, United States Wintrust Financial Full time

    Job Summary:The Commercial Loan Specialist plays a critical role in facilitating the loan closing process for Middle Market Commercial Lending and Commercial Real Estate (CRE) lines of business. As a liaison between lenders, external legal counsel, title insurance representatives, and loan operations, this position ensures seamless communication and...

  • Senior Loan Processing Specialist

    2 weeks ago

    Chicago, Illinois, United States Alliant Credit Union Full time

    Position OverviewThe role of a Senior Loan Processing Specialist involves a critical responsibility in ensuring the precision of loan application information. This includes:Verification of Data: Scrutinizing and rectifying any discrepancies in loan application data before and after it is submitted to underwriting.Documentation Collection: Gathering essential...

  • Commercial Property Loan Specialist

    1 week ago

    Chicago, Illinois, United States MRINetwork Jobs Full time

    Job OverviewWe are currently looking for a Commercial Property Loan Specialist to drive new business opportunities in commercial real estate financing through established relationships with brokers, business proprietors, and investors.Key Responsibilities:Engage in the solicitation and facilitation of commercial loan transactions; serve as the primary...

  • Commercial Loan Processor

    6 days ago

    Chicago, Illinois, United States Gulf Coast Bank & Trust Company Full time

    Job SummaryThe Loan Closer Specialist will play a critical role in ensuring the smooth and efficient closing of commercial loans at Gulf Coast Bank & Trust Company. This position requires a detail-oriented and organized individual with excellent communication and interpersonal skills.Key ResponsibilitiesLoan Review and Preparation: Review loan files, prepare...

  • Syndicated Loan Account Manager

    6 days ago

    Chicago, Illinois, United States Wilmington Trust Full time

    Job SummaryWe are seeking a highly skilled Global Capital Markets Relationship Manager II to join our team at Wilmington Trust. As a key member of our Loan Agency team, you will be responsible for managing client relationships and daily administration of assigned Global Capital Markets (GCM) syndicated loan accounts.Key ResponsibilitiesClient Relationship...

  • Residential Loan Advisor

    1 week ago

    Chicago, Illinois, United States Neighborhood Housing Full time

    Mortgage Loan Specialist at Neighborhood HousingNeighborhood Housing is seeking a dedicated Mortgage Loan Specialist to enhance our team. Below are the key details:Position OverviewPRIMARY FUNCTIONFacilitate the origination of all Neighborhood Housing loan and grant offerings; assess the eligibility of potential homebuyers and borrowers; promote Neighborhood...

  • Loan Operations Technical Specialist

    2 weeks ago

    Chicago, Illinois, United States Northern Trust Full time

    About Northern Trust:Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring...

  • Loan Operations Technical Specialist

    2 weeks ago

    Chicago, Illinois, United States Northern Trust Full time

    About Northern Trust:Northern Trust is a prestigious financial institution, recognized globally and listed among the Fortune 500, with a rich history dating back to 1889.We take pride in delivering innovative financial solutions and expert guidance to the world's most successful individuals, families, and institutions, upholding our core values of service,...

  • Administrative Office Specialist

    2 weeks ago

    Chicago, Illinois, United States International Fellowship of Christians & Jews, Inc Full time

    Administrative Office Specialist RoleWe are in search of an Administrative Office Specialist who will play a crucial role in sustaining our office atmosphere. This individual will collaborate closely with various stakeholders within the organization to ensure optimal office functionality. The ideal candidate will possess a background in office administration...

  • Small Business Loan Manager

    6 days ago

    Chicago, Illinois, United States Gulf Coast Bank & Trust Company Full time

    Job SummaryThe Loan Closer Specialist will be responsible for closing loans in compliance with bank and government agency requirements. This role requires a detail-oriented individual with excellent communication skills to work with various stakeholders throughout the closing process.Key ResponsibilitiesReview loan files and prepare closing checklists to...

  • Administrative Support Specialist

    3 days ago

    Chicago, Illinois, United States MyCareersFuture Full time

    Job Summary:MyCareersFuture is seeking a highly organized and detail-oriented Administrative Support Specialist to join our team. As an Administrative Support Specialist, you will be responsible for providing administrative support and bookkeeping services to our organization.Key Responsibilities:Handle bookkeeping and financial record-keeping tasksUpdate...

  • Administrative Support Specialist

    2 days ago

    Chicago, Illinois, United States Compass Group USA Full time

    Job SummaryCompass Group USA is seeking a highly organized and detail-oriented Administrative Support Specialist to join our team. As an Administrative Support Specialist, you will provide administrative support to the Human Resources Director on all personnel matters, including payroll processing, benefits enrollment, and employee onboarding.Key...

  • Administrative Support Specialist

    4 days ago

    Chicago, Illinois, United States GrubHub Full time

    Job SummaryGrubHub is seeking a highly organized and detail-oriented Administrative Support Specialist to join our team. As an Administrative Support Specialist, you will be responsible for providing administrative support to our team, ensuring the smooth operation of our office.Key ResponsibilitiesAdministrative TasksManage and coordinate schedules,...

  • Administrative Support Specialist

    4 days ago

    Chicago, Illinois, United States Scion Staffing Full time

    Job SummaryWe are seeking a highly organized and detail-oriented Administrative Support Specialist to join our team at Scion Staffing. As an Administrative Support Specialist, you will be responsible for providing exceptional administrative support to our team, ensuring seamless day-to-day operations, and contributing to the overall success of our...

  • Loan Processing Specialist

    1 week ago

    Chicago, Illinois, United States CIBC Full time

    At CIBC, we are committed to establishing a client-focused banking experience in today's world. We seek skilled and enthusiastic individuals who prioritize integrity and excellence in serving our clients. We value your unique strengths and aspirations, empowering you to excel in your role. Our team members are equipped with the resources necessary to make a...