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Farmer Mac · 5 hours ago

Analyst - Loan Servicing

Iowa, Johnston, IA, US

Full-time

Onsite

Mid Level

$57K/yr - $67K/yr

3+ years exp

Farmer Mac is a company focused on agriculture lending, and they are seeking an Analyst - Loan Servicing to support agriculture loan transactions. This role involves managing relationships with various stakeholders and ensuring compliance with legal documents and policies related to loan servicing.

AgricultureCreditFinancial ServicesRental

Responsibilities

Evaluate and prepare loan recommendations to Credit Servicing on non-routine matters, including Change in terms and/or maturity date, Collateral substitution, Consent, Death of a borrower, transfer of ownership interest, Loan assumption, Partial releases, substitution of property, condemnation, easements, Product conversion, Release of funds held in escrow for tenant improvements or holdback, Subordination agreement

Perform calculations for Debt Service Payments, Revolver draws/paydowns, Early Payoffs, Default, Maturity

Answer calls and email from borrowers or field servicers promptly

Is responsible for annual certification and taxes, insurance, and UCC with field servicers

Work closely with Legal and make recommendations on borrower situations (e.g., change in guarantor) to ensure alignment with all loan documents and policy expectations

Oversee collection of payments, future loan maturities, and delinquent loans

Complete changes due to service actions on loans in the servicing software to ensure maximum utilization is achieved for billing and reporting

Maintain loan files with documentation of items that occur after loan closing

Review boarding of new loans and prepare investor-related reports

Assist with testing of new versions of servicing software

Assist with internal and external audits and reviews

Assist with training and staff development, monitoring workloads and job priorities for the servicing area. Participate in the formulation of policy and procedures

Provide back-up to colleagues in Loan Closing and Servicing team

Perform other duties as assigned

Qualification

Loan-related calculationsCustomer service experienceMicrosoft Office SuiteLegal document knowledgeLoan modification processProfessionalismCommunication skillsInterpersonal skillsOrganizational skillsAttention to detail