Loan Servicing Administrator Jobs

The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation’s largest municipal Housing Finance Agency. HDC’s programs support the construction and preservation of multi-family affordable housing in New York City.

Position Summary:

The Loan Administrator reports to the Vice President, Loan Servicing. The Administrator manages projects serviced by HDC, including the mortgage(s), escrows, and reserves; the Administrator is the main contact for any interaction with the projects assigned. The Administrator will evaluate accounts for proper funding and timely payments on behalf of the borrower and various other responsibilities assigned.

Area of Talent: Finance & Loan Processing

Position Type: Full Time/Non-Exempt

Salary Range: $50,000 to $58,000 annually

Office Location: NYC/Financial District

Job Responsibilities:

• Perform other duties or projects, as assigned by manager
• External Reporting - HUD and Fannie Mae delinquent and month-end balance reporting
• Prepare invoices and payoff requests
• Interact with Legal, Accounting and Cash Management departments for resolution of loan issues
• Process advances on loans, review payments, resolve discrepancies and make adjustments as required
• Assist with external and internal audits
• Delinquency/default reporting
• Tax Lien research
• Manage Portfolio assigned (mortgage loans, escrows, and reserves)
• Understand loan documents and amortization of loans
• Escrow Analysis and payment management
• Manage Mitchell Lama portfolio
• HPD portfolio management and remittance
• HUD Interest Reduction Payment (IRP) billing and reporting
• Interact with managing agents to discuss any loan servicing matter

Required Qualifications:

• Superior organization, analytic, and problem-solving skills with excellent attention to detail and ability to manage multiple tasks
• Excel (basic functions-cut/copy/paste/deleting and adding columns/totaling columns etc.)
• 1-3 years minimum of relevant loan servicing experience a plus
• Understanding of financial concepts and mortgages
• A Bachelor’s Degree from an accredited college in a related field such as finance, accounting, economics, or real estate finance
• Strong proficiency in data management, use of financial-related software programs.

Submitted resumes must be accompanied by a cover letter. Please email your cover letter and resume to [email protected] or fax to (646) 304-4819.

All HDC hires must be vaccinated against the COVID-19 virus, unless they have been granted a reasonable accommodation for religion or disability.

If you are offered employment, this requirement must be met by your date of hire, unless a reasonable accommodation for exemption is received and approved by HDC.

HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits, including:

• Retirement savings plan with a generous match and a pension plan
• Professional development opportunities
• Health Benefits at a reasonable cost
• Wellness reimbursement
• Public Service Loan Forgiveness for eligible employees
• Dental and Vision Benefits at no cost
• Paid holiday, vacation, sick time and parental leave

HDC is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.

HDC is committed to the full inclusion of all qualified individuals. As part of this commitment, HDC will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Human Resources by emailing [email protected].