Analyst 1 - New Loan Boarding

Newmark; India; On-site; INR 600,000 - 800,000; Full time

Job summary

Newmark in India is seeking a Loan Boarding Specialist to organize loan documentation, board new multifamily and commercial loans, and ensure data accuracy in the servicing system. You will coordinate with Closing and Underwriting teams to clarify information and perform QA checks to ensure correct loan setup.

Load covenants, prepare activity reporting, and participate in system projects and testing. A BA/BS and 1–3 years in real estate or mortgage servicing are preferred.

Qualifications

• BA/BS degree preferred or significant related work experience.
• 1–3 years related work experience in commercial real estate, mortgage banking, or financial services.
• Experience in loan boarding, commercial real estate lending, and/or CMBS loan servicing is required.

Responsibilities

• Organize loan documentation received via SharePoint to board loans on servicing system.
• Set up new multifamily/commercial property loans on the servicing system by analyzing complex loan documents to extract required data fields.
• Interface with Closing and Underwriting teams to obtain/clarify data.
• Perform QA checks using loan system fields and source documents to ensure accurate loan data.
• Edit loan data to reflect Assumption, Defeasance, Modification or Final Endorsement transactions.
• Load loan covenants for product types after boarding to the system.
• Update, manage and distribute Loan Boarding Activity Reporting and related reporting.
• Assist with special projects and management duties.
• Initiate and participate in projects, system enhancement design and testing; document procedures.

Skills

Problem solving

Analytical skills

Organization & prioritization

Adaptability

Interpersonal skills

Verbal & written communications

Education

BA/BS degree

Tools

MS Excel

MS Word

Enterprise loan servicing system

Job description

Job Description:

Essential Duties and Responsibilities:

• Organization of loan documentation received via SharePoint to set up loan on servicing system.
• Set up new multifamily/commercial property loan on servicing system by analyzing and interpreting complex legal loan documents and other source documents within prescribed time frames to extract appropriate data fields required for boarding loan.
• Interface with Closing and Underwriting teams to obtain and/or clarify data as required/as applicable.
• Perform quality assurance checks using loan system fields and source documents to ensure accurate set up of loan data. Ability to correct any errors if required.
• Edit existing loan data on Enterprise to represent Assumption, Defeasance, Modification or Final Endorsement transactions for correct changes as documented.
• Load loan covenants for various product types as required once the loan is boarded to the system.
• Update, manage and distribute Loan Boarding Activity Reporting and other related reporting.
• Assist with special projects and additional duties as assigned by management.
• Initiates and participates in projects, system enhancement design and testing; documents procedures.

Core Competencies:

• Problem solving and decision making to ensure outstanding customer service while managing the risk of the company.
• Analytical skills; comprehend complex loan products and related loan documentation; apply knowledge in day to day analysis and problem resolution.
• Demonstrated ability to organize & prioritize work; effectiveness in managing multiple tasks.
• Flexibility and ability to respond to rapidly changing priorities; work productively in a fast-paced, evolving work environment to meet required deadlines.
• Highly developed computer skills, specifically using MS Excel, Word and Enterprise!, our loan servicing system (or similar systems).
• Strong interpersonal skills; ability to work in and support a team environment; ability to work cross functionally.
• Excellent verbal and written communications skills are mandatory.

Qualifications:

• College degree is preferred or significant related work experience.
• The ideal candidate will have a BA/BS degree and 1 to 3 years related work experience, preferably in commercial real estate, mortgage banking, or financial services environment.
• Experience in loan boarding, commercial real estate lending, and/or CMBS loan servicing is required.

Requirements: