Loan Servicing Specialist II

Firstrust•Horsham, PA

54d•Hybrid

About The Position

Timely and accurately, Commercial, Business Banking & Consumer Loan Operations servicing tasks. Ensures regulatory compliance and responsible for analysis, solution-oriented recommendations. Builds and maintains good working relationships with Relationship Managers.

Requirements

Three years of banking experience focused on banking and loan operations
Strong interpersonal skills and communicates clearly and professionally.
Strong accounting and reconciliation skills.
Demonstrates friendly, positive attitude, self-motivator.
Above average organizational and time management skills.
Strong attention to detail and problem-solving skills.
Ability to follow procedures and multi-task with a degree of versatility and flexibility.
Intermediate computer skills in the Microsoft Office Suite.

Nice To Haves

College Degree, preferred

Responsibilities

Implement system changes, maintenance of rate and field changes, when required. Make necessary adjustments to the loan record when applicable.
Process payments and review the accuracy of incoming cash receipts/wires and reports submitted by servicers. Verify principal and interest distribution of funds on these remittances.
Responsible updating the collateral recording information on loan accounting system.
Monitor various system-generated reports, take appropriate action based on the information appearing, and bank procedures.
Prepare payoff letters for all commercial and consumer loans, including satisfaction fees and pre-payment penalty calculations.
Provide for the effective handling of internal and external customer inquiries. Process research requests from customers for all loan types.
Responsible for Participation Loans Sold and Process daily payments and advance letters to Participants also sending wires and processing incoming wires for advances.
Responsible for processing payments and advances for Participation Loans bought.
Responsible for all activities for Swap Loans.
Maintain a basic knowledge of the various core systems for understanding the impact of various field values.