Loan Administrative Assistant
Full time
Chicago
Posted 4 years ago
We are now looking for a Loan Administrative Assistant for a mortgage company. Must be fluent in English and Portuguese or Spanish. Compensation is around 35K -40K + all benefits.
General Function:
The Loan Administrative Assistant is responsible for providing support for loan administration and lending officers. The position entails a broad variety of loan service functions from loan application through loan closing. Serve as a credit liaison between loan administration and lenders through underwriting support and verifying all needed documentation is in place prior to closing.
Duties and Responsibilities:
- Support Loan Administration through underwriting and analysis of business and individual financial statements. Perform cash flow analysis and make recommendations regarding pricing and loan structure. Assist in reviewing the quality of packages submitted for committee review.
- Support lending officers by serving as a primary point of contact with customers, gathering necessary loan documentation, and assist in facilitating loan requests from application through closing. Provide support for the day-to-day maintenance and quality of the loan portfolio.
- Additional responsibilities include tracking the loan maturity pipeline to ensure timely and efficient loan renewals and following up on documentation and collateral exceptions.