Loan Servicer

First New York Federal Credit Union • Town of Colonie, NY

just now • $20 - $23

About The Position

Performs all required loan servicing functions for all loan types, focusing on Commercial Loans, as described below in duties and responsibilities.

Requirements

• One to two years of similar or related experience in Loan Processing/Servicing.
• Strong organizational skills.
• Ability to work with members and staff tactfully and professionally, both in person and on the phone.
• Ability to maintain a high level of confidentiality.
• Have general computer knowledge Excel and Word in order to create documents, letters, spreadsheets and templates.
• Interpersonal skills and ability to communicate clearly while handling multiple priorities.

Responsibilities

• Works directly with Lending staff and borrowers assisting in the Commercial Loan Annual Review data collection, core system changes, reporting & ongoing file maintenance.
• Responsible for tax monitoring on Commercial & Consumer real estate and reporting findings to lending management. In addition, coordination with third party vendors on monthly tax reporting.
• Assists in the monthly Commercial loan adjustable rate mortgage: letters, system updates, maturities, rewrites.
• Follow up on both Homeowners & Flood Insurances for all loan types making certain that the credit union is adequately protected and properly insured. File all insurance policies.
• Protects the credit union’s interest in the recording of collateral for all loan types: DMV lien, UCC filings, Letters of Guarantee, Abundance of Caution mortgages, etc…
• Assists with Life & Disability debt cancellations; this includes the processing and distribution of proceeds. Completes GAP claims and file maintenance to reverse GAP & VSI fees.
• Organize and prioritize responsibilities as they relate to job functions.
• Acts as a backup for Commercial Loan Processing, as needed.
• Serves as back-up adding new commercial loans to the core system accurately and soon after closing.
• Orders and maintains the department inventory of supplies.
• Responsible for the inputting and updating of material changes to the department’s policy and procedures manuals.
• All other duties that may be assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed