Responsible for assisting the Loan Setup department by auditing and reviewing mortgage loan documents and entering pertinent loan data into the mortgage loan servicing systems.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Acts as a contact for loan servicer(s), originator(s) and lender(s) by coordinating the transfer of commercial loan servicing information and document files from all involved parties.
Reviews all new loans and extracts loan data specifications like borrower information, loan terms, collateral details, tax, insurance and reserves for conversion into loan servicing system. Reconciles and resolves discrepancies between closing funds and loan funding. Follows up and ensures receipt of all outstanding loan documents.
Audits converted loan data for conversion accuracy and resolves differences.
Coordinates the process and ensures the transition of de-converting loans to other servicers.
Coordinates internal and external communications relevant to the conversion of new loans and portfolios.
Performs set-up (manual & automated) routines for system conversions of commercial real estate loans. Prepares portfolio conversion reports required for all servicing departments.
Assists Loan Setup and ARM's/Billing departments with special projects as assigned.
Other duties may be assigned.
No formal supervisory responsibilities in this position.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and EXPERIENCE
High School diploma or General Education Degree (GED) required. Bachelor's degree from a four-year college or university and/or a minimum of 2 years related experience.
CERTIFICATES and/or LICENSES
Ability to comprehend and interpret instructions, short correspondence, and memos and ask clarifying questions to ensure understanding. Ability to write routine reports and correspondence. Ability to respond to common inquiries or complaints from clients, co-workers, and/or supervisor. Ability to effectively present information to an internal department and/or large groups of employees.
Requires basic knowledge of financial terms and principles. Ability to calculate simple figures such as percentages.
Ability to understand and carry out general instructions in standard situations. Ability to solve problems in standard situations. Requires basic analytical skills.
OTHER SKILLS and ABILITIES
Proficient in Microsoft applications including: Excel, Word and PowerPoint. Working knowledge of the McCracken Strategy loan servicing software is preferred. Comprehension of servicing transfers as well as portfolio conversions. Ability to interpret loan documents. Must be organized, efficient and capable of handling and prioritizing numerous assignments and deadlines simultaneously.
SCOPE OF RESPONSIBILITY
Decisions made with general understanding of procedures and company policies to achieve set results and deadlines. Errors in judgment may cause short-term impact to co-workers and supervisor.
Internal Number: 21001072
With broader and deeper capabilities than any other company, CBRE is the leading full-service real estate services and investment organization in the world.
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2017 revenues of $14.2 billion and more than 80,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #214 in 2017. It also has been voted the industry’s top brand by the Lipsey Company for 17 consecutive years, and has been named one of Fortune’s “Most Admired Companies” in the real estate sector for six years in a row. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”
CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.