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ProfileCommercial Mortgage Loan Servicing Paralegal The candidate will support a variety of mortgage loan servicing functions to support investor clients. Will perform servicing tasks related to commercial mortgage loans, agricultural mortgage loans and reverse mortgage loans, including maintaining perfection of and releasing security interests in collateral. Support pledging of commercial mortgage loans to the Federal Home Loan Bank, understanding and complying with the requirements of multiple banks. Review, analyze, interpret and take action regarding complex issues related to commercial real estate and mortgage documentation for commercial and agricultural mortgage loans. Prepare mortgage loan releases/satisfactions and UCC terminations. Prepare and file UCC continuations and amendments to maintain a first lien position in the collateral supporting the mortgage loan. Independently perform end-to end tasks associated with the Federal Home Loan Bank pledging program and comply with requirements of the specific FHLB region bank for affiliated and unaffiliated clients. Perform servicing tasks related to reverse mortgage loans, including responding to borrower requests, working with borrowers when the loan becomes due, and coordinating payoff options with borrowers. Create, revise or update procedures as applicable, ensuring client requirements, key controls, and other regulatory requirements are maintained. Perform research assignments and special projects that are varied and complex in nature that require analytical skills and attention to detail. Have direct interaction with borrowers, clients, attorneys and title companies. Work under minimal supervisions; may supervise the work of others. Bachelor’s Degree in Business, Finance or equivalent work experience is needed. Should have 5+ years of paralegal experience. Should have 2 years formal legal training or equivalent. Extensive knowledge of relevant area of responsibility is needed. Should preferably have 5 years of commercial mortgage loan closing or servicing experience.-depth knowledge of commercial mortgage loan servicing and documents. Research skills and attention to detail to review documents and identify unique terms are needed. Proficient in Microsoft Word, Excel and PowerPoint is needed. Excellent verbal and written communication skills required. Must possess excellent organizational skills.
4333 Edgewood Road, NE
Cedar Rapids, IA 52499