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Paralegal, Portfolio Servicing Associate at Cartiga LLC
Village of Mineola, New York, United States -
Full Time

Start Date

Immediate

Expiry Date

27 May, 26

Salary

0.0

Posted On

26 Feb, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Case Monitoring, Compliance Monitoring, Risk Management, Asset Management, Loan Servicing, Reporting, Data Accuracy, Process Enhancement, Auditing, Workflow Improvement

Industry

Description
Description Case Monitoring and Updates Collection • Track and collect updates on collateral cases from law firm borrowers to ensure compliance with loan agreements. • Maintain a detailed record of case statuses, including case outcomes, financial settlements, and other relevant developments. • Identify delays or inconsistencies in reporting and escalate concerns to relevant internal stakeholders. Compliance and Risk Monitoring • Ensure law firm borrowers remain in compliance with the firm’s transactional documents by reviewing financial statements and reports. • Perform audits on operating and trust account bank statements to verify borrower adherence to financial protocols. • Flag potential compliance risks and work with the Director of Risk Management to mitigate exposure. Asset Management Support • Oversee and track monthly repayment processes, ensuring that payments are tied to collateral case milestones and outcomes. • Review and update collateral case records in the firm’s loan servicing system to ensure alignment with loan terms. • Create monthly loan portfolio performance reporting via loan management system. Protocol and Process Enhancement • Collaborate with internal teams to enhance case monitoring processes and improve data accuracy and timeliness. • Develop standardized procedures for case update collection and borrower reporting to improve efficiency. • Recommend improvements to case tracking tools and workflows to support scalable growth.
Responsibilities
The role involves tracking and collecting updates on collateral cases from law firm borrowers, maintaining detailed records of case statuses, and ensuring compliance with loan agreements. Responsibilities also include overseeing monthly repayment processes and creating monthly loan portfolio performance reports.