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Loan Servicing Manager - Panama

About World Business Lenders (www.wbl.com)

World Business Lenders (WBL) provides general purpose short-term real estate collateralized commercial loans to a broad customer base comprised of small and medium sized businesses throughout the United States that lack access to traditional funding. WBL is a U.S.-based company with a 100% remote workforce. This is a remote Contract/Consultant position.

Generally, working hours will be 9:00am - 6:00pm Eastern, Monday through Friday, although hours worked may be greater based upon operational requirements. The job requires Excellent oral and written command of the English language. Resumes must be submitted in English.

Job Description:

Our rapid growth has created an excellent career opportunity in our Loan Administration Department. The Loan Administration group is responsible for the management of loan portfolio including customer services, payment processing, calculating loan amortization schedules, amending existing loans, calculating early payoffs, and post-closing collateral and insurance management to name a few.

Responsibilities:

  • Manage the Loan Administration department
  • Ensure the accuracy and completeness of loan records within the Loan Administration system. This includes supervising data entry, payment processing, and the uploading of payment schedules.
  • Coordinate and respond to internal and external requests for loan-related documentation, such as payoff letters, payment histories, and performance status reports.
  • Lead the preparation and approval process for loan amendments, ensuring compliance with company policies and regulations.
  • Perform and oversee daily audits of loan records to maintain data integrity and identify any discrepancies.
  • Other projects and duties as assigned.

  • Bachelor’s degree or equivalent in Accounting, Finance, Mathematics, Business Administration, Economics, Data Modeling Sciences or a related field.
  • 5+ years progressive experience in financial analysis/modeling with data analysis in the financial lending or mortgage industry.
  • Solid knowledge of the principles of general business, finance, accounting, quantitative analysis and finance.
  • Banking experience and background highly preferred
  • Competent in MS Excel and in other MS Office Applications
  • You must have your own laptop or desktop to use (the company does not supply equipment)
  • Excellent English fluency, both written and verbal.

Consultancy Contract Position
PTO after 6 months
Salary DEO

What You Should Know About Loan Servicing Manager - Panama, World Business Lenders, LLC

World Business Lenders is on the lookout for a proactive and detail-oriented Loan Servicing Manager to join our dynamic remote team. As a part of our Loan Administration Department, you'll play a crucial role in managing our diverse loan portfolio. This entails supervising essential functions such as customer service interactions, payment processing, and ensuring the accuracy of loan records within our system. Your experience in the financial lending or mortgage industry will be invaluable as you oversee audits, lead the preparation of loan amendments, and coordinate responses for loan-related documentation requests. In addition, you will collaborate with various departments to maintain compliance with company policies and regulatory requirements. To thrive in this position, you’ll need a solid understanding of finance, accounting, and data analysis, complemented by your 5+ years of progressive experience. We value strong communication skills, so your excellent command of the English language will help you effectively interact with clients and team members alike. With flexible working hours and a supportive remote environment, World Business Lenders offers an ideal platform for your professional growth and achievement. If you're ready to dive into this exciting opportunity as a Loan Servicing Manager, we’d love to hear from you!

Frequently Asked Questions (FAQs) for Loan Servicing Manager - Panama Role at World Business Lenders, LLC
What are the responsibilities of a Loan Servicing Manager at World Business Lenders?

As a Loan Servicing Manager at World Business Lenders, your primary responsibilities will include managing the Loan Administration department, ensuring accurate loan record-keeping, and overseeing payment processing. You'll also coordinate responses for loan documentation requests and lead the preparation of loan amendments while maintaining compliance with company policies.

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What qualifications are needed for the Loan Servicing Manager position at World Business Lenders?

To qualify for the Loan Servicing Manager role at World Business Lenders, you need a bachelor’s degree or equivalent in fields like Accounting, Finance, Business Administration, or related areas. Additionally, 5+ years of progressive experience in financial analysis and a solid understanding of lending and mortgage principles are crucial.

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Is the Loan Servicing Manager position at World Business Lenders remote?

Yes, the Loan Servicing Manager position at World Business Lenders is a fully remote role, which allows you the flexibility to work from your chosen location while maintaining essential core hours.

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What tools and software do Loan Servicing Managers at World Business Lenders need to be proficient in?

Loan Servicing Managers at World Business Lenders should be competent in MS Excel and other MS Office applications, as these tools are essential for managing financial data, preparing documents, and executing daily operational tasks effectively.

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What kind of career growth opportunities does World Business Lenders provide for Loan Servicing Managers?

World Business Lenders fosters a supportive environment that encourages professional development and career growth. Your role as a Loan Servicing Manager includes opportunities to lead projects, enhance your skills in the financial sector, and potentially advance into higher management roles within the company.

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Common Interview Questions for Loan Servicing Manager - Panama
Can you describe your experience in managing loan portfolios?

When answering this question, provide specific examples of your previous roles where you managed loan portfolios, detailing the systems you used and the types of loans handled. Highlight your successes in maintaining accuracy and compliance.

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What strategies do you use to ensure data integrity in loan records?

Discuss your methods for conducting audits and cross-checking data against multiple sources. Emphasize your attention to detail and your commitment to maintaining accurate records.

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How do you approach coordinating internal and external requests for loan documents?

Explain your response strategy, focusing on communication skills, timely follow-ups, and how you prioritize requests to ensure that all stakeholders receive the information they need without delay.

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What experience do you have with loan amendments and compliance?

Provide examples from your past roles where you managed loan amendments. Discuss how you ensured compliance with policies and regulatory requirements, and mention any challenges you faced and how you overcame them.

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How do you handle discrepancies found during loan record audits?

Outline your approach to discovering discrepancies, investigating their causes, and rectifying the issues. Highlight how you communicate these findings to the appropriate parties.

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What tools or software have you used for loan servicing and financial analysis?

Mention specific tools you've used in your experience, such as MS Excel, loan servicing software, and data analysis tools. Discuss your proficiency level with each and how they enhanced your workflow.

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How do you prioritize tasks when managing multiple loan servicing activities?

Discuss your time management techniques and how you organize tasks based on urgency and importance. Provide an example of a time you successfully managed competing priorities.

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Can you share an experience where you improved a loan servicing process?

Share a specific example where you identified inefficiencies in a loan servicing process and the steps you took to improve it. Highlight the positive impacts this change had on your team or company.

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What is your approach to training and supervising a team in the Loan Administration department?

Describe your leadership style and how you support your team’s learning and development. Include examples of mentoring, conducting training sessions, or creating standard operating procedures.

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Why do you want to work as a Loan Servicing Manager at World Business Lenders?

Discuss your alignment with World Business Lenders' mission and values. Highlight your passion for working in the lending industry and how your skills and experiences make you a great fit for the company.

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Contract, remote
DATE POSTED
January 14, 2025

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