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Loan Servicing Associate
Location: Stamford, CT
Job Description:
Loan Servicing Associate
Why this company:
- Great work life balance!
- They are a very close team with a family feel, celebrating everyone’s life accomplishments and milestones.
- Extremely well-established organization, and growing year over year.
- Opportunity for internal growth.
- Competitive compensation and benefits.
CFS is partnering with a local Investment Management organization that is looking for its next Loan Servicing Associate. This organization focuses on the origination and acquisition of short-dated private mortgages. The Loan Servicing Associate will report to the Chief Operating Officer and will play a key role in the administration of the construction loan process for mortgage loans held in the firm’s funds. The individual will act as the primary point of contact for borrowers, inspectors, and other stakeholders throughout the construction phase and full lifecycle of each loan.
Responsibilities:
- Enter newly originated loans into the firm’s mortgage servicing software.
- Onboard loans in Built, a construction loan management platform that streamlines borrower requests, inspection scheduling, budget tracking, and approval workflows.
- Review and process draw requests, ensuring all required documentation—such as lien waivers—is submitted.
- Coordinate with title companies to obtain date-down endorsements when necessary.
- Analyze inspection reports, validate progress against budgets, and recommend disbursement amounts for management approval.
- Record fundings in loan software and coordinate the execution of disbursements.
- Prepare extension agreements in accordance with documented terms and oversee the collection of fees from borrowers.
- Lead outreach efforts to collect past due amounts from borrowers.
- Respond promptly to routine borrower requests and inquiries.
- Prepare monthly reporting packages for construction draws and extension summaries.
- Perform other duties as assigned.
Desired Qualifications:
- Familiarity with loan terms/agreements and related documentation.
- Knowledge of construction loan administration and ability to apply such knowledge
- Proficiency with Excel.
- Experience with Built and/or The Mortgage Office a plus.
Apply for Loan Servicing Associate
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