Loan Servicing Processor II

Bank of Utah • Ogden, UT

27d • Onsite

About The Position

This Loan Servicing Processor provides customer service and servicing for commercial loan customers, commercial construction loan customers, and SBA loan customers. Serves as a resource to all Loan Officers and Loan Assistants. Processes or inputs all loan types (SBA, Construction, Commercial, Letters of Credit, Master Notes, Leases, Bonds, etc.) to the DNA system. Completes Loan File Maintenance, and services Commercial Construction Loans and escrows in the draw procedure. Processes loan payments.

Requirements

• High School Education
• Typing 45 WPM
• Good communication skills
• Must be able to work at a high level of productivity with little supervision.
• Have a basic understanding of debits and credits
• Have a basic understanding of loan documentation

Responsibilities

• Books and verifies all loan types (SBA, Construction, Commercial, Letters of Credit, Master Notes, Leases, Bonds, Loan Participations (serviced and sold), etc.) to DNA.
• Completes Loan File Maintenance and Status Changes as requested on DNA.
• Set up commercial construction loans in Construct.
• Perform all duties of the draw process for Commercial Construction draws and escrow releases on the Construct system ensuring that the draw meets all the general policies and guidelines in order to process and complete the draw request. Responsibility is split into two separate duties: Person 1 verifies W-9 information on all vendors, verifies invoices, monitors loan inspections ensuring work is complete, and monitors line items, issues payment of checks, and remote prints checks. Person 3 or Verifier verifies the check amounts, the vendor paid, the correct invoices and addresses, and that the draw balances between DNA and Construct.
• Maintain escrow report to keep track of all third-party escrow agreements.
• Provide customer service to both commercial loan and construction loan customers. Answering questions regarding payments and draws.
• Performs various GL reconciliations as assigned by manager.
• Reconciles loan billing statement with print vendor to ensure statements are being mailed and/or held as needed.
• Process interest reserve payments on commercial construction and development loans.
• Provides back up in clearing Loan Non-Post items.
• Assists with investor reporting on Zion’s Bank, Colson Services, and all other miscellaneous bank participations. Remitting payments and requesting funds when loans appear on the note exceptions report and the posted transaction report.
• Monitors the Note Exception Report clearing items daily as necessary.
• Quotes and processes payoffs for sold SBA 7A loans.
• Process loan payments.
• Responsible to seek out and complete Training courses that are relevant to this job description, that will help them improve their knowledge, skills, and abilities.
• Other daily duties as assigned.

Benefits

• Great work-life balance, with a Monday-Friday schedule
• Competitive pay and benefits, including medical, dental and vision plans
• 401(k) plan and match up to 5 percent in our employee stock ownership program (eligibility requirements must be met)
• 12 paid bank holidays + paid time off, including paid parental leave
• Volunteer opportunities to make a difference in the communities where you work and live
• Awards and recognition to celebrate you and your colleagues for living the bank's values

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED