Loan Servicing Specialist

INB, N.A.•Springfield, IL

2d•$40,000 - $45,000•Onsite

About The Position

Please note: This is an in-office position located in (Springfield, IL) About Us: At INB, your career is more than a job; it’s a chance to make a difference. As a locally owned, community-focused bank, we help individuals and businesses reach their financial goals through personalized service and trusted relationships. Our team is built on care, creativity, teamwork, balance, smart work, and enthusiasm. Join us and be part of a purpose-driven culture that makes a positive impact every day. Job Summary: The Loan Servicing Specialist is responsible for providing exceptional customer service and performing critical loan servicing functions, primarily consisting of loan payment posting, insurance monitoring, and escrow payments. Other duties include loan processing, payoff processing, account reconciliation, and regulatory reporting.

Requirements

Experience in a banking or financial services environment.
Strong attention to detail and accuracy in data entry and financial transactions.
Ability to handle multiple tasks, prioritize workload, and meet deadlines.
Excellent communication skills, both verbal and written.
Proficiency in Microsoft Office (Excel, Word, Outlook).
High school degree or equivalent required
Requires ability to communicate effectively and clearly (both written and verbally); Ability to read, write, and comprehend simple instructions, short correspondence, and memos.
Self-Starter: Inspired to perform without outside help.
Requires the ability to perform basic mathematical calculations; add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percentage, and to draw and interpret bar graphs.
Requires ability to use good judgment in making routine and complex decisions; Must have excellent customer service skills with the ability to sell products and Services; Ability to accurately handle large sums of cash; Must be goal-oriented and able to achieve individual goals as well as work as a team player to achieve departmental and/or Bank goals; Flexibility is necessary with the ability to adapt in an ever-changing environment.
To perform this job successfully, an individual must be proficient in all Microsoft Office programs, with an ability to quickly learn other bank-related programs.
The employee is required to regularly lift and/or move up to 10 pounds.
Long periods of sitting in front of computer monitor Use of hands to maintain desktop/laptop computer systems.

Nice To Haves

Prior experience in loan servicing.
Prior experience handling escrow accounts; primarily insurance payments and escrow analysis.

Responsibilities

Respond to customer inquiries via phone and email regarding loan accounts, payments, and servicing-related questions.
Cover the loan servicing phone queue; meet or exceed response and resolution SLAs.
Provide professional, clear, and accurate information to borrowers, internal stakeholders, and third parties.
Investigate and resolve customer concerns or discrepancies related to loan accounts.
Post and reconcile loan payments, adjustments, and reversals.
Research and resolve payment exceptions, unapplied funds, and suspense items.
Balance daily work against core banking system reports; escalate discrepancies as needed.
Create and process ACH transfers.
Generate, verify, and deliver payoff quotes within service standards.
Process loan payoffs, confirm satisfaction in the core system, and complete audit trails.
Prepare, file, and track lien releases and satisfactions with appropriate state/local agencies; ensure titles are properly released and collateral documents are returned.
Perform other duties as assigned.

Benefits

INB provides health, dental, vision, and life insurance benefits to all full-time employees. Coverage is also extended to their eligible dependents. Active employees make premium contributions based on plan selections.

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