Loan Servicing Specialist
About The Position
We are seeking a Loan Servicing Specialist to coordinate and complete loan servicing actions from the point of request for non-consumer and consumer loans. You will maintain and ensure compliance with all regulations and procedures associated with loan servicing actions. High degree of accountability to ensure the protection of Association assets through the correct development and implementation of loan servicing documents. Once a loan servicing request is received, the teammate is responsible for ensuring proper credit approval is received, drafting and reviewing loan documentation, verifying the Association's collateral position, and filing any necessary documentation.
Requirements
- 2+ years of related experience
Nice To Haves
- Associate's Degree or equivalent work experience
Responsibilities
- Coordinate loan servicing activities for both consumer and non-consumer loans, from the initial request through completion.
- Prioritize workloads, ensuring necessary documents are available.
- Partner with underwriting teams when credit risk analysis is required.
- Verify interest rates and fees, and confirm compliance with regulations.
- Review entity and trust documentation.
- Ensure sufficient collateral is in place.
- Initiate and resolve title work.
- Obtain subordinations, and perfect lien positions.
- Book servicing actions and update tracking systems.
- Review collateral for release, and monitor ongoing conditions.
- Coordinate and partner with teammates to enhance the customer experience.
Benefits
- Comprehensive medical, dental, and vision insurance
- 401(k)
- Vacation
- Sick leave
- Paid holidays
- Parental leave
- Life and disability insurance
- Employee Assistance Program (EAP)
- Wellness programs
- Tuition assistance
- Short-term incentive pay
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
