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We are looking for a dedicated Loan Servicing Specialist to manage and support the recovery efforts for a portfolio of commercial and government-backed loans. This position involves assessing repayment abilities, maintaining compliance, and collaborating with internal and external partners to achieve resolution. The ideal candidate will bring expertise in loan collections and demonstrate strong analytical and communication skills.
Job Responsibility:
Manage a portfolio of overdue commercial and government-backed loans, ensuring timely and effective recovery efforts
Conduct financial reviews and perform site visits to evaluate borrowers' repayment capacities
Utilize skip tracing methods, asset reviews, and data analysis to enhance collection strategies
Negotiate payment plans, settlements, and loan modifications in accordance with policies and legal guidelines
Provide detailed updates on account statuses and recommend appropriate next steps, such as modifications, charge-offs, litigation, or liquidation
Maintain thorough and compliant records of all communications and collection activities
Collaborate with internal teams and external partners to facilitate the resolution of delinquent accounts
Requirements:
Minimum of 1–3 years of experience in commercial loan collections or servicing
Comprehensive knowledge of lending practices, collection regulations, and government program guidelines
Strong negotiation, analytical, and interpersonal communication skills
Experience in conducting site visits, evaluating assets, and managing recovery processes
Self-motivated with a proactive approach to collaboration and problem-solving
Background in banking, lending, or mission-driven finance is preferred
Nice to have:
Bilingual proficiency in English and Spanish is an advantage
What we offer:
medical, vision, dental, and life and disability insurance