City of Boston

Loan Monitor

Posted Date 3 days ago(9/22/2022 4:13 PM)
Req ID
2022-22908
Dept
Office of Housing
Position
Regular Full-Time
Location
CITY OF BOSTON: DEPT OF NEIGH DEV (DND)
Salary Min
47,570.38
Salary Max
71,287.98
Union
SU2
Openings
1
Contact Email
ccoleman.dnd@ci.boston.ma.us

Overview:

The mission of the Mayor’s Office of Housing (MOH) is to make Boston the most livable city in the nation by working with communities to build strong neighborhoods through the strategic investment of public resources.  DND oversees programs that create and preserve affordable housing, support homeowners and renters, provide housing and services to homeless individuals and families, and dispose of city-owned property.

 

Much of the financial assistance MOH provides to affordable housing developers and homeowners is in the form of loans.  The Loan Management Unit within MOH is responsible for managing MOH’s loan portfolio, including billing and disbursements, as well as processing new loans, loan modifications, subordinations, and discharges.

 

Brief Job Description:

 

Under the supervision of the Assistant Director for Loan Management, the Loan Monitor performs various functions related to the maintenance of the department’s loan portfolio and performs special projects as directed.  The Loan Monitor is a key member of MOH’s Administration and Finance Division, ensuring that existing loans are in good standing and that new loans are set up in accordance with departmental policies and procedures.  This position is an exciting opportunity for a finance or real estate professional with loan origination or servicing experience interested in helping make Boston the most livable city in the nation.

Responsibilities:

  • Enters loan information into a Loan Management System for financial processing, loan servicing, and reporting purposes.
  • Reviews and processes loan disbursement requests, subordinations, and discharges.
  • Tracks the repayment status of loans.
    Confers with customers, lenders and attorneys by telephone, email or in person in order to provide information about loan status, subordination requests, payoffs and discharges.
  • Performs other duties as required by the position.

Minimum Entrance Qualifications:

  • Minimum of two (2) years of relevant work experience.
  • Excellent organizational, problem solving and communication skills.
  • Knowledge of real estate finance, loan disbursement/repayment tracking and Excel software.
  • Ability to read and interpret complex loan documents.
  • Appropriate educational substitutions may be made.
  • Ability to exercise good judgment and focus on detail as required by the job.


BOSTON RESIDENCY REQUIRED

Terms:

Union/Salary Plan/Grade:  SEIU/N-19
Hours Per Week:  35


Please refer to the Salary Information section on the Boston Career Center site for more information on compensation.  For each Salary Plan, salaries are listed by Grade and Step.

 

 

 

 

 

 

 

 

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