Loan Servicing Agent

Richwood Bank•Richwood, OH

About The Position

At Richwood Bank, our purpose is to inspire, protect, and celebrate anything that makes communities thrive. Have you ever wanted to work for a company that exceptionally lives its values? One hundred and fifty years ago, we began as a small community bank. Today, we are still a community bank – as well as a payroll processing team, a marketing agency, a coffee shop, and more. We have flipped the switch on traditional banking. Yet, we have always aimed to provide the very best customer experience, contribute to the greater good of our local communities, and make every effort to be the best employer in the area with a company culture that works hard to develop, recognize, and award its team members. Richwood Bank has a comprehensive benefits package for full-time employees including, but not limited to medical and wellness program, dental, vision, employee assistance plan, life insurance and supplemental short-term disability. Full time and part time employees have access to a 401(k) plan and enhanced Wellness program, tuition reimbursement, and tons of professional development opportunities! Richwood Bank prides itself on unique company culture and all team members should be active and engaged participants. Richwood Bank is looking for a confident, outgoing individual with strong communication skills. This full-time position requires knowledge of the loan process. This role will maintain daily, weekly and monthly reports to ensure all loans, loan payments and loan payoffs are accurate in our Core. They will also process all escrow distributions, loan payoff requests and lien releases

Requirements

Project management
Excellent customer service skills
The ability to prioritize and make on-the-spot decisions regarding customer transactions, weighing customer satisfaction issues with bank exposure to loss and fraud
Mathematical skills
In-depth knowledge of our bank products and services
Work well under pressure and in a fast-paced environment
Ability to identify opportunities to educate customers of more products and services that may fit their needs (cross promotion)
Strong communication skills
High degree of accuracy
Detailed and organized
Always maintain confidentiality
Maintain a positive can-do attitude towards your team and customers
Knowledge of various federal regulations including Bank Secrecy Act, Community Reinvestment Act, Americans with Disabilities Act, Right to Financial Privacy Act, Gramm-Leach-Biley Act, Regulation E and teller roles and responsibilities relating to each act
Punctual
Driven to succeed and open minded to learn more about new technology within our industry
High School Diploma or GED required; college preferred

Responsibilities

Maintain Daily Reports such as non-post, rate change, and file maintenance report
Maintain Weekly Reports such as note exceptions, past due and ticklers
Maintain Monthly Reports such as UCC expiring, PMI cancel, non-activated note, and file exceptions
Renew County and State UCC's every 5 years
Manage Tickler Reports for crop insurance, flood insurance, and hazard insurance
Prepare Satisfaction of Mortgages
Process loan payoffs (checks/wires)
Prepare payoff quotes
Print 1098 notices upon request
Release liens on car titles/UCC's
Send Paid Notes to customer
Complete all Loan Maintenance on Navigator
Complete all Participation Payment Wires
Pay escrowed tax and insurance payments- taxes twice a year, insurance as it comes in
Monitor and correct Freddie Mac servicing errors daily / monthly
Go through daily mail and scan to each loan
Track and obtain insurance on loans over 2m, flood insurance, and equipment over 100k
Force place insurance, 45-day letter process
Pay force placed policies, send borrower notice of FP insurance, escrow
Audit preparation, work with auditors
Scanning/indexing documents
Filing collateral docs in the hub
Create and Maintain SOP's
Maintain interest rate changes
Process all verifications of mortgages
Run escrow analysis yearly and mail out surplus checks
Order customer coupon books
Process all change in terms and documents
Maintain assigned work hours
Work with others in a team environment
Accept direction from supervisors
Ensures work completed is accurate and appropriate. Verifies and validates all data to confirm accuracy and reliability. Paying close attention to details of all information received and entered.