Commercial Loan Servicing Representative Position with Competitive Salary
1 week ago
We are seeking a highly skilled Commercial Loan Servicing Representative to join our team at Wells Fargo Bank. This position offers a competitive salary and opportunities for professional growth.
About the JobIn this role, you will be responsible for supporting the servicing of commercial real estate, construction loans, and problem loans. You will identify ways to improve loan processing within established procedures and perform routine administrative tasks. Additionally, you will interact with internal and external customers to respond to their concerns and determine the appropriate course of action.
Required Skills and QualificationsTo be successful in this role, you should have 6+ months of experience in commercial loan servicing or equivalent demonstrated through work experience, training, military experience, or education. You should also possess excellent communication skills, both written and verbal, and be able to analyze financial information and interpret data.
Responsibilities- Analyze Commercial Real Estate property financial statements on a quarterly and annual basis.
- Support the review of statements to assess workability, spread income statements, update occupancy, and make adjustments based on guidelines set by the Commercial Real Estate Finance Council (CREFC).
- Document comments on Debt Service Coverage Ratio (DSCR) based on multiple criteria and property thresholds.
The estimated salary range for this position is $65,000 - $90,000 per year, depending on location and experience.
BenefitsWe offer a comprehensive benefits package, including health insurance, retirement savings, and paid time off. We also provide opportunities for professional development and career advancement.
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