Loan Servicing Specialist II

Bridgewater Bank•St Louis Park, MN

5d•Hybrid

About The Position

We are seeking an experienced Loan Servicing Specialist II to join our Loan Administration at Bridgewater Bank in St. Louis Park. Reporting to the Loan Servicing Lead, in this role, you will perform a variety of functions associated with the origination of new loans and servicing of existing loans ensuring that loan documentation is accurate and in compliance with laws and regulations.

Requirements

5-7 years of Commercial and Consumer loan servicing experience
Strong oral and written communication skills
High attention to detail and knowledge of rules, regulations and policies relating to loan documentation

Nice To Haves

Bachelor’s degree preferred

Responsibilities

File appropriate reports which may include title search, title work, flood certificates, surveys or other due diligence information from various sources and prepare reports and/correspondence as appropriate.
Proactively monitor compliance tracking system to ensure lien is recorded timely this includes insurance and real estate tax monitoring.
Manage internal/external requests and financial transactions within the term of the loan documentation, bank policies and procedures. Includes draws, payments, wire transfers, payoffs, and collateral releases.
Resource for Lenders, Loan Administrators, clients, and outside agencies by performing a variety of customer service activities including responding to requests, researching discrepancies, and resolving issues.
Perform maintenance on E/O/D, non-accrual, and special mention loan accounts.
Manage or maintain Loan Participation portfolio, general ledger accounts, flood related compliance audits and logs, Letter of Credit Log and other daily, month or quarterly reports as assigned.
Monitor payment and correspondence related to real estate taxes and insurance including REO properties, as assigned.
Manage, monitor and/or report activity related to denied/not approved loans, as assigned.