Senior Associate, Loan Administration; RSF

Senior Associate, Loan Administration (RSF)

Posted on September 07, 2017

Imagine working with a group of thoughtful, committed colleagues to transform the way the world works with money.

At RSF Social Finance, we bring our individual passions, experience, and skills to meet the needs of others through innovative and integrated investing, lending, and giving services that generate positive social and environmental impact while fostering community and collaboration among participants.

With a 30 year track record of deploying loans, grants, and other catalytic capital to non-profit and for- profit social enterprises, RSF is recognized nationwide as a leader in the field of social finance. As an organization of fewer than 50 employees, RSF’s approach is to grow our team by adding one person at a time. In doing so we identify and seek a particular set of skills and experience to meet specific organizational needs, while seeking candidates who are also aligned with our purpose, values, and operating principles.

The Sr. Associate, Loan Administration is responsible for preparing loan documents, and assisting with legal diligence and the loan closing process. This position also coordinates loan funding and servicing, including recording loan disbursements, tracking payments, and keeping records up to date. A priority of this role is to provide a consistently high level of service to clients and RSF team members with exceptional attention to detail.

• Produce commercial loan documents, including loan, security, subordination and participation agreements for new loans based on credit memos, term sheets and RSF policies and practices.
• Produce ancillary loan documents, including amendments, waivers, extensions, side letters, and similar agreements for existing commercial loans. Identify discrepancies and other potential issues. If unresolved, inform Loan Processing Manager
• Conduct loan closing and other transaction logistics to ensure timely, accurate, and professional documentation:
  • Review and approve loan documents for accuracy
  • Initiate communication with borrowers, title companies, and certain third parties
  • Coordinate Loan Closings and Settlement Statements with Title Companies
  • Monitor loan fees and vendor invoices for reimbursable/non-reimbursable items
• Initiate the collection, review, and tracking of legal diligence requirements and exceptions including:
  • UCC and other lien searches, filings, and continuations
  • Credit and/or business background reports (both domestic and international)
  • Real estate taxes, environmental reports, and flood insurance zone diligence of mortgage loans
  • Comprehensive review of title policies for real estate loans
  • Collateral, hazard and Liability insurance requirements via Sageworks
  • Terminations and reconveyances of collateral as required
  • Maintain Salesforce system with accurate collection of client fees

• Coordinate with borrowers and members of RSF’s Lending and Accounting teams to ensure timely and accurate completion of loan closing and funding tasks
• Manage post-closing functions (including the preparation of loan closing distribution packages for borrowers, tracking Borrower and third party post-closing obligations)
• Set up commitment records in Nortridge Loan System; setup deposit in Salesforce
• Record loan disbursements in Nortridge Loan System
• Review disbursement forms and collect fees associated with loan closing
• Keep electronic records up to date in multiple systems, including contact information and loan terms
• Implement borrower setup on client portal. Instruct how to access and properly use online portal
• Attend weekly Loan Operations/Lending Business Development team meeting
• Maintain User Defined fields
• Track post-closing items in Sageworks software

• Process loan payments
• Setup commitments when good faith deposits are received
• Manage payment schedules and processing of payments to participating banks
• Answer client questions as needed. Monitor and respond to borrower requests via phone and email; escale as needed for problem resolution
• Work with borrowers to complete audit confirmations
• Assist with producing loan…