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Job ID :
97952
Location :
Northbrook, IL US
Level :
Entry Level Professional
Job Category :
Investments
Description :

Where good people build rewarding careers.

Think that working in the insurance field can’t be exciting, rewarding and challenging? Think again. You’ll help us reinvent protection and retirement to improve customers’ lives. We’ll help you make an impact with our training and mentoring offerings. Here, you’ll have the opportunity to expand and apply your skills in ways you never thought possible. And you’ll have fun doing it. Join a company of individuals with hopes, plans and passions, all using and developing our talents for good, at work and in life.


Job Description

The Loan Servicing Analyst is responsible for the general loan administration, asset management and servicing of the commercial mortgage portfolio through regular communication with external Servicers and internal Production, Legal and Accounting staff and in accordance with Allstate’s loan servicing procedures.

Key Responsibilities

  • Reviews and recommends approval for Borrower requests including commercial leases, SNDAs, escrow disbursements, loan assumptions, partial releases, and substitution of collateral, etc.
  • Collaborates with Servicers, Production and Legal staff to timely complete all approvals and resolves any loan related matters.
  • Develops strong relationships with Servicers, Legal, Production and Accounting teams.
  • Reviews and approves pre-closing insurance and annual renewals.
  • Reviews pre-closing loan documentation to ensure accuracy
  • Prepares yield maintenance and other payoff calculations and approves final payoff statements.
  • Monitors collection of rent rolls, property operating statements, borrower financials and post-closing items.
  • Collects and reviews property inspections and monitors deferred maintenance issues to resolution.
  • Reviews and approves releases for paid off loans.
  • Monitors Servicer annual compliance.
  • Reviews and updates Loan Servicing Procedures annually.
  • Participates in servicing related projects.
  • Minimal travel to special events or industry related conferences.

Job Qualifications

Experience

Minimum 1-3 years of experience in Commercial Real Estate, preferably Loan Servicing or related experience

 

Skills Required

  • Basic understanding of commercial lending, real estate, servicing, financial and legal concepts
  • Basic understanding of commercial property operating statements
  • Basic understanding of property insurance and casualty losses; Payoff letters and releases
  • Strong analytical and critical thinking abilities
  • Customer service oriented; responsive to requests from internal and external customers
  • Strong verbal and written communication skills
  • Ability to think independently and make appropriate decisions; initiate and performed assigned tasks
  • Strong ability to effectively organize and prioritize assignments to meet deadlines in a dynamic environment
  • Works well in a team environment and has flexibility to adapt to changes and process improvements
  • Strong computer skills, including Microsoft Office Products; experience with a commercial mortgage servicing system

 

  

 

Education/Training Requirements

Bachelor's Degree in business, finance, real estate or pre-law

 


The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.

Good Work. Good Life. Good Hands®.

As a Fortune 100 company and industry leader, we provide a competitive salary – but that’s just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you’ll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.

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Allstate generally does not sponsor individuals for employment-based visas for this position.

Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.

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It is the policy of Allstate to employ the best qualified individuals available for all jobs without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity/gender expression, disability, and citizenship status as a veteran with a disability or veteran of the Vietnam Era.

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