Loan Servicing Specialist II

East West Bank•El Monte, CA

2d•$19 - $26

About The Position

The Loan Servicing Specialist II is responsible for a variety of activities to support Loan Servicing with a focus on financial activities. The responsibilities for this role include but are not limited to; Loan Advances, Payment processing on more complex products, Escrow analysis and its disbursement, invoice processing and its G/L reconciliation. Responsibilities also include reconciliation to General Ledger and end of day balancing.

Requirements

Bachelor Degree in Finance or Accounting Degree preferred, or equivalent work related experience
Minimum 3 years of experience in the Loan Servicing Industry
Loan system experience required including document imaging system
Proficient in Microsoft Office
Excellent written and verbal communication skills required
Good organizational, analytical and problem solving skills
Ability to handle multiple tasks with excellent attention to detail
Ability to organize and maintain a high volume work environment
Ability to adapt quickly to changes and perform in a fast paced environment
Ability to build effective relationships as needed to effectively address issues and obstacles
Applicants must have legal authorization to work in the United States. We do not offer visa sponsorship at this time.

Responsibilities

Process all Loan Advances on simplex products ensuring proper authorization and commitment availability.
Process non-standard Loan Payments on various products.
Process Loan Demand Statements on simplex products ensuring all principal and interest are included and inclusive of all appropriate fees
Process Loan Payoffs on simplex products and closing of commitments.
Prepare Wire Instructions and input into the Wire System and/or Credit Funds to the borrower’s deposit account
Perform Escrow Analysis as required by state with appropriate refunds and/or loan amortization
Disburse all escrow payments for tax and insurance
Perform MERS activities
May perform SBA reporting and its portfolio management and disbursement to Colson
Process miscellaneous maintenance transactions
Perform End-of-Day balancing ensuring all activities are reconciled with the General Ledger
Respond to internal customer inquiries
Provide guidance and training to junior Loan Servicing Specialist
Work on special projects as assigned by Manager related to the Data Accuracy and accurate compliance requirements.
May perform other duties as assigned