Loan Servicing & Closing, Sr. Associate

Loan Servicing & Closing, Sr. Associate page is loaded## Loan Servicing & Closing, Sr. Associate remote type:
Hybrid locations:
Columbia, MDtime type:
Full time posted on:
Posted Yesterday job requisition :
REQ
3560

Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $80.9 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands – all to make home and community places of pride, power and belonging.

Join us at enterprisecommunity.org  
** Working at Enterprise
** At Enterprise, you’ll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You’ll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you’re valued and supported in your growth journey.

Enterprise offers career opportunities in our  with an .
** Job Description Summary
** Proactive, results driven and highly experienced senior portfolio associate to support Loan Fund’s lending activities. This role is responsible for tasks associated with loan closings, loan servicing and supporting program management related tasks for a portfolio with a range of varied loans (predevelopment, acquisition, construction and permanent loan) and diverse projects (affordable housing, charter schools, health care, facilities and other community development projects).

Requires strong aptitude with numbers, problem solving, and collaborative skills.
**** Job Description
****** Responsibilities
* *** Loan Closing
*** Manages and assists with collecting, preparing, reviewing and processing loan forms and documents (checklists, statements, documents, etc.) during the closing process.
* Serves as point of contact to loan officers, borrowers and external partners.
* Enters, reviews and/or maintains loan data systems.
* Reviews loan documents to ensure accurate implementation of key loan terms per the loan approval and closing process.
* Reviews insurance policies to ensure compliance with the Loan Fund’s
* Lending Standards and Guidelines.
** Prepares and maintains loan closing checklists; works with Legal and loan officers to ensure all loan closing conditions have been met and approved by appropriate/authorized parties.
* Works with the Finance and Capital Management staff to set-up new loans and programs in the Loan Fund’s lending databases.
* Coordinates funds for disbursement required at loan closing as well as related third-party payments.
* Ensure loan records, systems and tasks are complete for loan closings.
** Loan Monitoring/Servicing
*** Administers and manages duties under loan servicing activities to ensure procedures are properly and efficiently carried out.
* Work with loan officers, asset managers and finance to review and process loan transactions, including regular loan disbursement requests, vendor payments and other miscellaneous transactions as required under the project.
* Assist loan officers and asset managers with construction loan budget management, prepare and process related disbursement.
* Assist asset managers with collection of reporting or other loan/project related items.
* Update loan information and systems/records as necessary under the loan to reflect modifications, relevant transactions, status changes and repayments.
* Review and manage ongoing insurance requirements.
* Support other servicing needs and projects, as necessary.
** Program Management
*** Assists with the administration of specific portfolio lending programs to including but not limited to reporting, tracking, and maintenance of data as required.
** Qualifications
* ** A minimum of at least four (4) to six (6) years of relevant experience in loan administration and loan monitoring/servicing.
* Undergraduate degree with a major in business administration, finance, accounting,…