Loan Servicing Specialist

3 weeks ago


Farmington Hills, United States OpTech Full time

Responsibilities:

  • Manage day-to-day loan servicing operations, including processing invoices, payments, and sending wires.
  • Process and support a range of loans, including basic loans, bilateral, and syndications, involving deals with other banks such as SOFR and prime-rate loans.
  • Support special asset groups (SAG), Small Business Administration (SBA) loans, and underperforming or non-accrual loans.
  • Maintain loan portfolio balance, adhering to the first-in, first-out methodology for traditional loans.
  • Collaborate with loan processing teams to ensure each loan has both a primary and backup point of contact.
  • Utilize AFS Level III and/or Vision systems to manage loan servicing effectively.

Preferred Qualifications:

  • Minimum 2-3 years of recent experience in loan processing, with additional experience in specialty loan servicing such as syndications and non-accrual processing.
  • Familiarity with handling syndications, bilateral, and SAG/SBA loans.
  • Strong knowledge of SOFR, prime, and other bank dealings.
  • Background in working with loans that do not require a high volume of closed loans.

Skills and Competencies:

  • Proficiency with AFS Level III and/or Vision systems.
  • Team-oriented approach with excellent interpersonal skills to collaborate effectively in a fast-paced environment.
  • Strong attention to detail and a commitment to maintaining an accurate, balanced portfolio.



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