VP, Loan Servicing

Company: AscentDS
Location: Los Angeles
Posted on: November 13, 2024

Job Description:

Ascent Developer Solutions is a leading private lending platform, serving real estate developers nationwide in the acquisition, renovation, and construction of residential real estate. Founded by a leadership team with a deep understanding and personal experience in virtually every facet of real estate development, Ascent is uniquely positioned to create custom, innovative lending solutions for a variety of real estate development business strategies. The Role. Ascent is seeking a dynamic and results-driven Vice President of Loan Servicing to oversee the servicing operations for our commercial real estate loan portfolio. In this role, you will be responsible for managing day-to-day loan servicing activities, optimizing operational processes, and ensuring compliance with federal, state, and investor guidelines. You will lead a high-performing team, collaborate with key stakeholders, provide borrowers with high-quality service, and leverage technology to enhance efficiency and deliver an exceptional customer experience. The Work.

• Oversee the servicing of commercial real estate loans, including monitoring loan performance, managing payments, and ensuring accurate documentation.
• Manage day-to-day operations such as payment processing, escrow management, investor reporting, and default management.
• Review and approve loan advances, payments, payoffs, construction loan draw requests, inspection reports, and other loan servicing activities.
• Build and maintain strong relationships with internal and external stakeholders, including investors, borrowers, regulators, and service providers.
• Develop and implement strategic initiatives to optimize operations and enhance customer experience.
• Lead the loan servicing department, providing guidance, coaching, and mentorship to drive performance and achieve departmental goals.
• Collaborate with other departments, such as loan origination, underwriting, compliance, and asset management, to streamline processes and improve efficiency.
• Monitor and update loan servicing practices in response to evolving federal, state, investor guidelines, as well as internal company policies.
• Monitor key performance indicators (KPIs) to assess team performance and identify areas for improvement.
• Identify opportunities and oversee implementation of technological solutions that enhance servicing operations.
• Stay updated on industry trends, regulatory changes, and best practices in commercial and mortgage loan servicing, implementing changes as needed. Your Skills and Experience.
  • Bachelor's degree in business, finance, related field or equivalent work experience.
  • 10+ years of experience in commercial mortgage loan servicing with a minimum of 3 years in a leadership role.
  • Expert level knowledge of mortgage servicing regulations and best practices.
  • Demonstrated leadership ability with a track record of successfully leading and developing high-performing and highly motivated teams.
  • Excellent communication skills, both verbal and written, with the ability to effectively interact with employees, customers, and senior management.
  • Proven analytical and problem-solving skills, with the ability to make sound decisions in a fast-paced environment.
  • Detail-oriented with a commitment to accuracy and quality.
  • Proficiency in loan servicing software and Microsoft Office suite. The Pay.
    • Pay Range: $160,000 - $175,000 per year
    • Bonus: 25% per year We offer a comprehensive benefits package designed to support your health, well-being, and work-life balance. Our benefits include five health plans, four dental plans, health savings and flexible spending accounts, vision coverage, 401k, pet insurance, and other optional benefits to choose from. Ascent's Pledge. We pledge to be fair and considerate in hiring and promoting individuals, ensuring everyone can contribute their fullest potential regardless of background, identity, or personal circumstances. By promoting equal opportunity, we not only enhance our workplace but also contribute to a more just and equitable society. At Ascent, we stand united in building a community where everyone is empowered to succeed. Thank you for joining us on our journey towards a more inclusive future.
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Keywords: AscentDS, East Los Angeles , VP, Loan Servicing, Executive , Los Angeles, California