Loan Boarding Coordinator

Berkadia; Ambler (Montgomery County); On-site; USD 50,000 - 70,000; Full time

Job summary

Berkadia is seeking a Loan Boarding Coordinator based in Ambler, Montgomery County, to manage the added originated and acquired loan products within the servicing system. The role requires ensuring completeness of loan document packages and coordinating with Client Relations and Loan Administration for accurate processing.

The ideal candidate should have at least two years of experience in a similar role, knowledge of loans and familiarity with legal documentation. A strong attention to detail and proficiency in Microsoft Office Suite are essential.

Qualifications

• Two years previous experience in a similar position, preferred.
• Experience reading, reviewing, and comprehending legal documentation.
• Experience with commercial loans is a plus.

Responsibilities

• Add originated and acquired loan products to the servicing system.
• Ensure loan document packages are complete and follow up on exceptions.
• Run system edit reports and pass new loans into production.
• Monitor New Loan Boarding and Acquisitions shared mailboxes.

Skills

Strong writing and reading skills

Attention to detail

Knowledge of loan setup and workflow

Proficiency in Microsoft Office Suite

Tools

McCracken

Job description

Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia is amongst the largest, highest rated and most respected primary, master and special servicers in the industry.

As a Freddie Mac Program Plus lender, Fannie Mae DUS® Multifamily Seller/Servicer, insurance company correspondent, and HUD, MAP and LEAN originator and servicer, Berkadia provides access to capital and flexible, customized lending and servicing solutions for the acquisition, construction, rehabilitation and refinance of multifamily and commercial properties. Berkadia also provides interim and short-term financing through its Proprietary Bridge Lending Program.

Job Description

JOB SUMMARY

The Loan Boarding Coordinator is responsible for adding originated and acquired loan products to the loan servicing system, both manually and via electronic upload.

DUTIES & RESPONSIBILITIES

• Performs Post-Closing process, interprets loan documents and boards all originated loan products and acquired loans.
• Ensures all loan document packages are complete and follows up with lending positions or third party originators on exceptions.
• Runs system edit reports and passes new loans into production on the McCracken system.
• Performs after-pass functions such as adding/changing applicable codes and boards non‑critical loan information (Phase 2) to the McCracken system.
• Prepares e‑forms to process escrow and reserve funds on newly boarded and acquired loans.
• Communicates with Client Relations (Agency/CMBS/Private Label) to understand new products and ensure proper coding when boarding to the McCracken system; also communicates with Loan Administration (Tax/Insurance/Reserves) to notify them of time‑sensitive/critical issues.
• Keeps abreast of new products and ensures proper coding when analyzing loans for upload to the McCracken system.
• Supports incoming acquired loan servicing including coordination with the prior servicer, preparation of Mapping Tool spreadsheets for bulk boarding of acquired loan portfolios, uploading the Mapping Tool spreadsheet to pass loans to production, and the reconciliation of and application of funds to the acquired loans.
• Performs all tasks in support of outgoing transfers of servicing, including coordination with the successor servicer, the timely delivery of data files and electronic documents, wire transfer of funds, and bulk coding of transferred loans on the system.
• Reviews loan modification documents to identify system changes required by the modification; tracks modifications in the MTS system, and submits forms to adjust the loan consistent with the modified terms. Files correspondence and other records in preparation for imaging.
• Completes Welcome Letters, reviews and prints out emails with Interest Only calculations to prepare ARM Welcome Letters.
• Monitors and maintains New Loan Boarding and Acquisitions/Conversions shared mailboxes.
• Provides support to staff with the ET transfer process for loading loans electronically.
• Assists with duties as relates to processing and returning corrected specially serviced CMBS, Agency and third party loan modifications.
• Interacts with attorneys, borrower, loan officer, investor and servicing to confirm ordering of third‑party reports.

Qualifications

PROFESSIONAL EXPERIENCE / MINIMUM QUALIFICATIONS

• Two years previous experience in a similar position, preferred.
• Experience in and understand of how loans are set up, the supporting workflow, etc.
• Experience reading, reviewing, and comprehending legal documentation, preferably related to commercial loans.
• Required proficiency in Microsoft Office Suite – and McCracken experience preferred.

KNOWLEDGE/SKILLS/ABILITIES

• Strong writing and reading skills.
• Passionate, self‑motivated and driven, with keen attention to detail, action‑and‑results oriented.
• Exhibit a high level of individual initiative and ownership.

Additional Information

Environment, Physical Demands and Other Conditions:

• Experience within a team‑oriented, collaborative environment.
• Ability to work after hours.