Dutech’s Job

Loan Administrator


DatePosted : 3/20/2023 10:04:15 AM

JobNumber : DTS1017174457
JobType : Contract
Skills: Associates Degree or equivalent, Attention to Detail and ability to multi-task, Microsoft Office,Excellent written and oral communication
Job Description

Loan Administrator

MassDevelopment/Finance Programs-99 High St-Boston, MA 02110

Contract until: 02/28/2023, can extend, contract to perm

Work days: 5 days a week, Monday thru Friday 8:30 to 5:00 with 1 hour lunch, Wednesdays and Thursdays in the Boston Office, Monday, Tuesday and Friday remote

Rate: $20/hr plus sick leave



Applying payments and advances to loan servicing system, processing monthly billing and premium payments for borrowers and monthly monitoring of insurance certificates. Also completing various weekly, monthly and quarterly reports.


  • Applies loan payments received from borrowers in a timely manner to the loan servicing system and

        provide accounting with breakdown of principal, interest, escrows and fees

  • Sends monthly and annual billing statements and late payment reminder letters
  • Processes Borrower disbursement requests
  • Maintains documentation to ensure correct information is appropriately filed
  • Assists in completing various reports to Senior Management and Board of Directors
  • Performs month end closing of loan servicing system and provides reports as requested
  • Files correspondence and deposit information in Enable
  • Assembles loan and guarantee electronic files to the documents folder
  • Provides audit confirmations
  • Provide customer service to Borrowers
  • Maintain accuracy of the loan servicing system
  • Manage file retention
  • UCC monitoring
  • Real Estate tax monitoring
  • Prepare Mortgage Discharges for paid off loans. 
  • Assist in processing and uploading Legal documentation
  • Insurance monitoring
  • Perform other duties as assigned





Required / Desired

Associates Degree or equivalent work experience 1-3 years




Attention to Detail and ability to multi-task




Excellent written and oral communication skills





Microsoft Office Proficiency

Highly desired