Corporate Loan Post Closing Specialist

Hometown Community Bank•Springfield, IL

1d•Onsite

About The Position

Make the change and be the difference. Take ownership at MCB! Established in 1960 with just one location in Morton, IL, Morton Community Bank (MCB) has grown to over 550 employees, 50 branch locations and over $5 billion in assets! We pride ourselves on our dedicated service to our customers and our communities, while placing much value on our internal assets, our employees. Each MCB employee OWNS a portion of the bank with our ESOP (Employee Stock Ownership Plan). The ESOP has proven to be a substantial benefit to employees upon retirement.

Requirements

High school diploma or equivalent
Knowledge of customer service principles
Relevant computer skills

Nice To Haves

Some college
Two years of related work experience
Knowledge of Escrow Administration, including real estate tax, homeowner's insurance, private mortgage insurance, flood insurance, and escrow analysis.
Proficient data entry skills

Responsibilities

Monitor account delinquencies.
Issue escrow payments.
Track insurance.
Resolve credit bureau disputes.
Receive bankruptcy notices from borrowers.
Sell, audit, and report mortgages to secondary market.
Process and pay tax bills while monitoring tax service (Info-Pro) reports and exceptions.
Process and pay insurance escrow premiums, mortgage insurance premiums, and Rural Housing guaranteed annual fee premiums.
Process and analyze annual escrow analysis prior to distribution to customer.
Balance FNMA portfolio daily and monthly, forwarding principal and interest payments daily.
Complete reporting for USDA, FHA, VA, FNMA, Inhouse Mortgage, MILAR, Delinquent loans, and potentially additional reporting on an as needed basis.
File claims for secondary market accounts that have incurred expenses due to workout programs, delinquency, deed in lieu of foreclosure, short sale, or foreclosure. Claims must be filed timely and may require multiple submissions based on investor (i.e. Rural Development, private mortgage insurance).
Verify accrual balance on the portfolio, as needed.
Monitor, contact customers, and allocate unapplied funds on a daily basis to loans.