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Renovo Financial · 20 hours ago

Loan Servicing Associate

Chicago, IL

Full-time

Hybrid

New Grad, Entry Level

Renovo Financial is a rapidly growing Chicago-based private lender serving real estate investors. The Loan Servicing Associate is responsible for managing all transactions related to loans post-closing, ensuring accuracy and timeliness in processing loan-related data and coordinating with various departments.

BankingFinancial ServicesReal Estate

Growth Opportunities

Responsibilities

Intake collateral from newly closed loans

On-board newly closed loans

Input and maintain loan terms and escrow accounts

Manage daily draw disbursements

Manage maturity default interest tracking and enter default interest charges

Make payment entries for loans with interest reserves

Process monthly payments and statements

Draft loan modifications, extensions, and releases

Draft payoff statements while accounting for any fees, holdbacks, or special conditions

Process received payoffs

Coordinate with accounting team for balance discrepancies

Receive mail related to loan servicing

Take calls from title companies and customers

Manage customer service inquiries as needed

Other duties as assigned

Qualification

Loan servicing experienceMicrosoft Office proficiencySalesforce experienceReal estate knowledgeProblem-solving skillsAttention to detailTeam playerSelf-motivatedPositive attitudeCritical thinking