Patrick Lipps Email & Phone Number

New York, New York, Us

Charlotte, Nc, Us

Charlotte, Nc, Us

Charlotte, Nc, Us

-Serve as point-of-contact for assigned clients for all loan-related servicing matters on highly complex deals; own authority to sign on behalf of Bank of America to confirm loan positions with other banks via audit confirmations. -Deliver high quality service to lenders, investors, borrowers, vendors, and internal business units while ensuring compliance with service level agreements, government regulations, and company policies. -Enter transactions into record/loan servicing systems and workflow tool while ensuring timely/accurate communication. -Monitor assigned loans to ensure funding and payment compliance with loan servicing agreements, loan documentation, bank policies, and lender/investor instructions. -Coordinate funding with fulfillment and assignment desk as needed; research and instruct payment processing for borrower payments, disbursements and fees and collect appropriate fees due to the lender or BOA affiliate. -Provide payoff quotes and related calculations, including prepayment calculations. -Maintain past due principal, interest, and fees as well as reconciliation exceptions within acceptable levels. -Assist junior loan administrators and managers in directing workflow and performing quality assurance.

Charlotte, Nc, Us

-Managed a portfolio of 60+ credit facilities where Bank of America is the Agent/Lead Bank; served as point-of-contact for the client and bank, administering $25B in credit facilities. -Analyzed the wire account ledger to help reduce processing time of unmatched debits and credits.-Created manual procedures for complex deals where lender pro-rata calculations could not be done on the loan system.-Processed Letters of Credit in foreign currency and revalued the amount in US dollars. -Ensured parties receive notice of their portion of syndicated borrowing before funds were released to client. -Responded to several lenders on loans and interest/principle amounts; sent quarterly notices on loan details.

Charlotte, Nc, Us

-Monitored the tax status of foreign banks to ensure they were not overpaid on Letters of Credit fees.-Checked daily reports and notified Credit Service Representatives when they had lenders that required tax withholding.-Worked with associates to design and streamline existing procedures to create a more efficient tax withholding process.-Analyzed the wire account ledger to help resolve unmatched wires.

Matthews, Nc, Us

Prepared tax returns for Individuals and Businesses (Partnerships, S-Corps, and C-Corps) in various industries.

Chertsey, Surrey, Gb

Chertsey, Surrey, Gb

Master’S Degree, Accounting Taxation

Accounting