Consumer Loan Servicing Supervisor jobs in Wilmington, DE

Consumer Loan Servicing Supervisor supervises the daily activities of a loan servicing team. Oversees and coordinates processing and documenting loan transactions, insurance, and tax bills, and performing escrow analysis. Being a Consumer Loan Servicing Supervisor ensures that loan transaction files are accurate and complete, and that staff complies with appropriate procedures, regulations, and guidelines. Performs quality checks and resolves issues. Additionally, Consumer Loan Servicing Supervisor monitors workload and allocates resources to meet production goals. Coaches and trains team. May require an associate degree. Typically reports to a senior manager or head of a unit/department. The Consumer Loan Servicing Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. To be a Consumer Loan Servicing Supervisor typically requires 3 years experience in the related area as an individual contributor. Thorough knowledge of functional area under supervision. (Copyright 2024 Salary.com)

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Loan servicing specialist
  • BCforward
  • Newark, DE FULL_TIME
  • Loan Servicing Specialist

    BCforward is currently seeking a highly motivated Loan Servicing Specialist for a job opportunity in Newark DE!

    Location : Newark DE

    Please note this is the target date and is subject to change. BCforward will send official notice ahead of a confirmed start date.

    Expected Duration : 1 Month contract Possible Contract Extension

    Job Type : Contract

    Pay Range : $ $28.38-$28.97 / Hour

    Position Title : Loan Servicing Specialist

    Location : Newark DE Hybrid

    Expected Duration : 1 Month with possible extension

    Position Summary

    The Loan Servicing Specialist supports the largest and most sophisticated corporate loan transactions in the market. They primarily provide operational support to Debt Capital Markets on Term Loan B / institutional debt where JPM is the administrative agent.

    This position is responsible for providing loan servicing / administrative support (reconciliation / billing / payments) and has direct communication with borrowers, lenders and business partners.

    Essential Responsibilities :

    • Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements
    • Calculation and tracking of complex interest and fee accruals at various rate levels across changing lender distributions
    • Reconcile daily funding and payment activity to account for all daily cash transactions
    • Read and interpret complex legal credit agreements and related documentation working with attorneys when applicable
    • Initiate and reconcile automated funds movement in accordance with client / lender instructions
    • Monitor and escalate past due principal, interest, and fees to ensure that the loan accounting system is accurate and provide clients timely and accurate invoices
    • Maintenance of margin changes and proper communication to bank group
    • Provide information as requested by Clients, Business Partners, Middle Office, or Lenders
    • Monitor control reports updating applicable comments
    • Assist with any administrative tasks associated with the terms of a Credit Agreement
    • Perform quality control on new deals, restructures and amendments by thoroughly understanding the credit agreement verifying system set up accuracy
    • Back up co-workers, work with various special projects or other tasks as assigned

    Minimum Requirements :

    • Undergraduate degree is strongly preferred but related job and industry experience can be accepted as a substitute (3 years)
    • Solid working knowledge of Microsoft Office applications (i.e. Excel, Word and PowerPoint)
    • Must have experience reading and interpreting syndicated loan documentation or related experience supporting syndicated loans and using LoanIQ
    • Ability to manage concurrent assignments in an effective, efficient and organized manner
    • Ability to work independently within a team environment
    • Excellent oral and written communications skills and strong interpersonal / client servicing skills
    • Strong interpersonal / client servicing skills
    • Strong analytical, problem solving and judgment skills
    • Flexible working schedule with some overtime required.

    About BCforward :

    Founded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BCforward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world.

    Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BCforward's 6,000 consultants support more than 225 clients globally.

    BCforward champions the power of human potential to help companies transform, accelerate, and scale. Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years.

    Our strong culture and clear values have enabled BCforward to become a market leader and best in class place to work.

    BCforward is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability.

    Interested candidates please send resume in Word format Please reference job code 219370 when responding to this ad.

    Get job alerts by email. Sign up now!

    Last updated : 2024-03-02

  • 14 Days Ago

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Loan servicing specialist
  • ATR International
  • Newark, DE FULL_TIME
  • Job Description : Position Summary : The Loan Servicing Specialist supports the largest and most sophisticated corporate loan transactions in the market They primarily provide operational support to D...
  • 17 Days Ago

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Loan Servicing Analyst
  • JPMC Candidate Experience page
  • Newark, DE FULL_TIME
  • As a Loan Servicing Analyst, you will be responsible for the daily balancing of Mortgage Finance customers’ funding and operating accounts and providing daily end of day activity reports to Mortgage F...
  • 2 Months Ago

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Consumer loan specialist
  • OneMain Financial
  • Penns Grove, NJ FULL_TIME
  • At OneMain, Consumer Loan Sales Specialists empower customers listening to their needs and providing access to friendly, fast, and affordable financing for life’s expenses. Consumer Loan Sales Special...
  • 9 Days Ago

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Consumer Loan Sales Specialist
  • OneMain Financial
  • Pennsville, NJ FULL_TIME
  • At OneMain, Consumer Loan Sales Specialists empower customers - listening to their needs and providing access to friendly, fast, and affordable financing for life's expenses. Consumer Loan Sales Speci...
  • 16 Days Ago

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Consumer loan specialist
  • OneMain Financial
  • Woodstown, NJ FULL_TIME
  • At OneMain, Consumer Loan Sales Specialists empower customers listening to their needs and providing access to friendly, fast, and affordable financing for life’s expenses. Consumer Loan Sales Special...
  • 7 Days Ago

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0 Consumer Loan Servicing Supervisor jobs found in Wilmington, DE area

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Medical Director, GME - Alfred I duPont Hospital
  • Nemours Foundation
  • Wilmington, DE
  • Nemours is seeking a Medical Director of Graduate Medical Education for our Delaware Valley Campus. Don't miss this oppo...
  • 3/18/2024 12:00:00 AM

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Grants Compliance Monitor
  • City of Philadelphia
  • Philadelphia, PA
  • Company Description A best-in-class city that attracts best-in-class talent, Philadelphia is an incredible place to buil...
  • 3/17/2024 12:00:00 AM

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Grants Coordinator A/B (Department of Pathology and Laboratory Medicine)
  • The University of Pennsylvania
  • Philadelphia, PA
  • University Overview The University of Pennsylvania, the largest private employer in Philadelphia, is a world-renowned le...
  • 3/16/2024 12:00:00 AM

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Financial Aid Specialist
  • Community College of Philadelphia
  • Philadelphia, PA
  • The Financial Aid Specialistis a Financial Aid team member assigned to the College's Main Campus. This position reports ...
  • 3/16/2024 12:00:00 AM

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Grants Manager B (Department of Gastroenterology)
  • The University of Pennsylvania
  • Philadelphia, PA
  • University Overview The University of Pennsylvania, the largest private employer in Philadelphia, is a world-renowned le...
  • 3/15/2024 12:00:00 AM

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Regulatory Affairs Specialist (Abramson Cancer Center)(Remote Eligible)
  • The University of Pennsylvania
  • Philadelphia, PA
  • University Overview The University of Pennsylvania, the largest private employer in Philadelphia, is a world-renowned le...
  • 3/15/2024 12:00:00 AM

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Financial Coordinator (Department of Cell and Developmental Biology)
  • The University of Pennsylvania
  • Philadelphia, PA
  • University Overview The University of Pennsylvania, the largest private employer in Philadelphia, is a world-renowned le...
  • 3/15/2024 12:00:00 AM

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Procurement & Facilities Specialist
  • US District Court District of Delaware
  • Wilmington, DE
  • Position Title: Procurement & Facilities Specialist Salary: CL 27 ($63,857- $103,811) CL 28 ($76,535- $124,433) Opening ...
  • 3/15/2024 12:00:00 AM

According to the United States Census Bureau, the city has a total area of 17.0 square miles (44 km2). Of that, 10.9 square miles (28 km2) is land and 6.2 square miles (16 km2) is water. The total area is 36.25% water. The city sits at the confluence of the Christina River and the Delaware River, about 33 miles (53 km) southwest of Philadelphia. Wilmington Train Station, one of the southernmost stops on Philadelphia's SEPTA rail transportation system, is also served by Northeast Corridor Amtrak passenger trains. Wilmington is served by I-95 and I-495 within city limits. In addition, the twin-s...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Consumer Loan Servicing Supervisor jobs
$61,624 to $88,589
Wilmington, Delaware area prices
were up 1.0% from a year ago

Consumer Loan Servicing Supervisor in Ogden, UT
Large financial institutions with a focus on lending employ the vast majority of Consumer Loan Servicing Supervisors.
February 15, 2020
Consumer Loan Servicing Supervisor in Minneapolis, MN
Banks, credit unions, mortgage brokers and private lending firms have a staff that can range into the tens of thousands of employees, and it is key that someone is on hand to assist and coordinate the efforts of the support staff, ensuring a highly efficient and profitable loan.
February 06, 2020
Consumer Loan Servicing Supervisor in New Britain, CT
A Consumer Loan Servicing Supervisor is responsible for the team of staff placed underneath them, supervising and instructing junior staff while maintaining the accuracy and integrity of the loan support data that is essential to properly assessing and evaluating credit worthiness.
February 24, 2020