Title Specialist

Vibrant Credit UnionMoline, IL
6hOnsite

About The Position

Position Overview: The Title Specialist, operating as Loan Operations Specialist, will assist in all functions of consumer loan operations. This role will also provide the highest level of service to members needing to perform maintenance on their loans. What You Will Do: Resolve assigned tickets meeting Service Level Agreements Process total loss claims, Skip a Pay on eligible retail products, and EFT payments Answer inquiries and verify data with third-party insurance providers and provide proper documentation through appropriate channels Execute payment reversals and receivable corrections on all loan products Process retail loan payoffs, product cancellations, and maintenance Complete and provide members with Adverse Actions Complete Serviceman Civil Relief Act (SCRA) requests, maintenance, and compliance Responsible for sorting incoming mail to the proper department Process all returned mail by properly notating accounts and reaching out to members Generate loan-specific reports from core system as requested by management Complete loan file document maintenance and clean up Check-in both paper and electronic titles Obtain Maturing Balloons Report and disseminate it to proper departments for review Process and review Allied Daily Homeowners Escrow tasks, files, and reports Administer rate maintenance on loans and products Mail out final documents to investors and processes upon return

Requirements

  • High School Diploma or General Education Degree required
  • Six months experience working at a financial institution is preferred
  • Basic knowledge of core banking systems, phone and ticketing systems, and loan servicing systems to complete tasks
  • Basic knowledge of loan servicing compliance requirements

Nice To Haves

  • Six months experience working at a financial institution is preferred

Responsibilities

  • Resolve assigned tickets meeting Service Level Agreements
  • Process total loss claims, Skip a Pay on eligible retail products, and EFT payments
  • Answer inquiries and verify data with third-party insurance providers and provide proper documentation through appropriate channels
  • Execute payment reversals and receivable corrections on all loan products
  • Process retail loan payoffs, product cancellations, and maintenance
  • Complete and provide members with Adverse Actions
  • Complete Serviceman Civil Relief Act (SCRA) requests, maintenance, and compliance
  • Responsible for sorting incoming mail to the proper department
  • Process all returned mail by properly notating accounts and reaching out to members
  • Generate loan-specific reports from core system as requested by management
  • Complete loan file document maintenance and clean up
  • Check-in both paper and electronic titles
  • Obtain Maturing Balloons Report and disseminate it to proper departments for review
  • Process and review Allied Daily Homeowners Escrow tasks, files, and reports
  • Administer rate maintenance on loans and products
  • Mail out final documents to investors and processes upon return
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