Loan Servicing Specialist
3 weeks ago
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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