Analyst, Commercial Loan Processinig

OhioX; Columbus, Northern (OH, KY); Hybrid; USD 49,000 - 91,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k)

Pension plan

Job summary

Nationwide in Columbus, OH is seeking an Analyst, Commercial Loan Processing to support servicing of commercial mortgage loans from origination to payoff. This role partners with Operations, Servicers and law firms to ensure accurate loan data and timely processing.

The position requires a bachelor's in business or finance and about three years of CRE experience. It offers in-office training, a structured benefits package, and a path to join a Fortune 100 company known for client focus and a

Qualifications

• Education: Undergraduate studies in business, finance, or related field.
• Experience: Three years of related experience in commercial real estate.
• Skills: Strong written and verbal communication; attention to detail.

Responsibilities

• Reviews key loan documents and performs due diligence for initial loan funding.
• Updates mortgage loan system with changes and regular updates.
• Researches payment discrepancies with Operations/Servicers to resolve issues.
• Manages monthly payments for Mezzanine & SOFR loans.
• Prepares/validates loan payoff docs and processes extra funds for disbursement.
• Coordinates imaging of loan documents and reviews legal binders for accuracy.
• Assists in testing for annual upgrades of mortgage loan and imaging systems.

Skills

Legal document interpretation

Written & verbal communication

Computer skills (Word, Excel, PowerPpt

Self-starter

Attention to detail

Education

Undergraduate degree in business/finance/related field

Tools

Microsoft Word

Microsoft Excel

PowerPoint

Job description

As a team member in Finance at Nationwide, a Fortune 100 company with nearly $70 billion in annual sales, the opportunities are endless! Let Nationwide help create your career journey! At Nationwide®, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

The hired associate must reside within 35 miles of the following location:

Columbus: One Nationwide Plaza, Columbus OH, 43215

Training schedule: 4 days in office

Work schedule: 3 days in office, 2 days remote with flexibility to come in 4 days

This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program.

Job Description Summary

Nationwide’s vision is to be the most trusted, most caring and most customer-focused protection company. We exist to protect people, businesses, and futures with extraordinary care. The Nationwide Investments team manages approximately $130 billion and strives to combine client focus, investment discipline and teamwork to deliver superior results. As an Analyst, Commercial Loan Processing, you’ll be responsible for supporting many functions in regard to servicing commercial mortgage loans from loan origination to loan payoff.

Job Description

Key Responsibilities

• Reviews key loan documents and perform necessary due diligence to make sure information is accurate in the mortgage loan system for initial loan funding.
• Updates mortgage loan system based upon modifications to existing loans and regular on-going loan updates.
• Researches payment discrepancies working with Operations and/or Servicers to resolve issues.
• Administers the monthly payments for Mezzanine & SOFR loans.
• Follows up on outstanding Borrower and Servicer late charges.
• Prepares/validates loan payoff documentation & process extra funds for disbursement.
• Responsible for the coordination and/or actual imaging of loan documents.
• Reviews legal binders for accuracy and works with law firms to obtain outstanding documents.
• Handles all requests for paper storage of loan documents (Iron Mountain).
• Assists in the testing process for the annual upgrade of the mortgage loan system and imaging system.
• Performs correspondent audits to assure that proper processes are in place.
• Assists with the annual review of property inspections to determine if there are physical issues with the property and perform follow up on deferred maintenance items.

May perform other responsibilities as assigned.

Reporting Relationships

Reports to Senior Investment Professional

Typical Skills and Experiences

Education: Undergraduate studies in business, finance, or related field.

Experience: Three years of related experience in commercial real estate.

Knowledge, Abilities and Skills

• Ability to understand and interpret legal documents.
• Good written and verbal communication skills.
• Computer skills including Microsoft Word, Excel, Power Point and other software as needed.
• Self-starter, proactive, and demonstrate a high ability to learn on the fly.
• High degree of accuracy and attention to detail.

Other criteria, including leadership skills, competencies and experiences may take precedence.

Staffing exceptions to the above must be approved by the hiring manager’s leader and HR Business Partner.

Values

Regularly and consistently demonstrates the Nationwide Values.

Job Conditions

Overtime Eligibility: Non-Exempt (Eligible)

Working Conditions: Normal office environment but does including lifting/moving boxes containing mortgage loan documents.

ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.

Credit Check: Due to the fiduciary accountabilities within this job, a valid credit check and/or background check will be required as part of the selection process.

Benefits

We have an array of benefits to fit your needs, including: medical/dental/vision, life insurance, short and long term disability coverage, paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company-paid pension plan, business casual attire, and more. To learn more about the benefits we offer, click here.

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.

NOTE TO EMPLOYMENT AGENCIES

We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means.

Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range. Note on Compensation for Part-Time Roles: Please be aware that the salary ranges listed below reflect full-time compensation. Actual compensation may be prorated based on the number of hours worked relative to a full-time schedule. The national salary range for Analyst, Commercial Loan Processing : $49,100.00-$91,300.00The expected starting salary range for Analyst, Commercial Loan Processing : $49,100.00 - $73,700.00