Loan Servicing Specialist- Agri-Access

Agri-Access • Johnston, IA

11h • $47,100 - $66,600 • Hybrid

About The Position

This position supports the Agri-Access lending program through professional, high-quality client service to internal and external clients. Primary responsibilities include transaction analysis and documentation; systems accounting, reporting and monitoring; portfolio servicing; and overall client service and support. Works very closely with originators, third-party Investors, direct borrowers, relationship managers, financial operations, and other Agri-Access team members throughout all phases of loan/lease cycles including post close servicing, documentation and final exit (payoff, restructure, foreclosure, REO etc.).

Requirements

• High School Diploma required.
• Intermediate-level experience in banking or lending environment.
• Strong listening, written and verbal communication skills, with ability to communicate at all levels of the organization.
• Ability to prioritize and organize incoming workload with minimal supervision.
• Knowledge of complex loan structure, systems and documentation.
• Accuracy and attention to detail.
• Solid client service skills.
• Strong computer skills, including MS Office applications and customer relationship management (CRM) programs.
• Ability to work independently and collaboratively with other teams to achieve goals and represent the business.
• Must be authorized to work for any employer in the US.

Nice To Haves

• Bachelor’s degree in in business administration, accounting, finance or related field preferred.
• Basic agricultural background and terminology, preferred.

Responsibilities

• Establishes, develops and maintains a strong client relationship with internal and external client, acting as a liaison between Agri-Access and clients or other third-party investors.
• Answers client questions via email and phone using the highest quality service techniques.
• Educates partnering institutions and team on program delivery and processes.
• Provides reconciliation and servicing process training to clients as needed.
• Monitors borrower/lessee compliance with loan/lease documents.
• Works with originator or clients on servicing actions, identifying deficiencies in documentation, changes in title, status of account or the borrower. Develops subject matter expertise on assigned accounts.
• Prioritizes and analyzes incoming material service requests (requiring credit approval) and delegated approval, including change of payment dates, change of maturity, payment extension, release of collateral, release of insurance proceeds, consents, easements, substitutions and release of liabilities.
• Completes delegated authorities such as conversions and assists with Risk Asset Unit (RAU) accounts.
• Conducts research (internal and external) on a transactional basis per the servicing action.
• Conducts in-depth review of lending partners unique set of documents and troubleshoots and corrects issues and/or discrepancies.
• Packages and submits to credit for approval.
• Corresponds with clients as needed to obtain additional information and relay conditions for approval or denial.
• Prepares documents for direct serviced loans as needed.
• Reviews files and closes requests when all conditions are met.
• Creates or updates loan/lease data in origination/servicing systems.
• Inputs, updates, gathers and monitors information to provide reporting as requested (DQ (delinquency), rate reset, maturity, UCC (Uniform Commercial Code) continuations).
• Performs a variety of accounting procedures related to lender reconciliation, receipts, checks issued and payoff.
• Follows-up with team members and clients as needed for outstanding information or other specific campaign data based on the review of reports and systems information.
• Monitors and audits borrower verifications and the collection and consistency of information.
• Processes loan/lease requests in a timely and accurate manner, including initial analysis, data entry, loan/lease documentation interpretation and investor requirements, and closes transaction.
• Works with originators and investors to ensure proper documentation consistent with credit approval, conditions and investor requirements.
• Creates processes as needed.

Benefits

• Hybrid model – up to 50% work from home
• Flexible schedules including ample flexibility in the summer months
• Up to 9% towards 401k (3% fixed Compeer contribution plus up to 6% match)
• Benefits: medical, dental, vision, HSA/FSA, life & AD&D insurance, short-term and long-term disability, wellness program & EAP
• Vacation, sick leave, holidays/floating holidays, parental leave, and volunteer paid time off
• Learning and development programs
• Mentorship programs
• Cross-functional committee opportunities (i.e. Inclusion Council, emerging professional groups, etc.)
• Professional membership/certification reimbursement and more!

What This Job Offers

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