Loan Operations Specialist III

2 days ago


Tulsa, Oklahoma, United States Blue Sky Bank Full time
About Blue Sky Bank

Blue Sky Bank is a leading financial institution that has been serving its community for over a century. Our commitment to excellence and customer satisfaction has been instrumental in our growth and success. We strive to create a work environment that values employee growth, diversity, and inclusion.

Role Overview

A Loan Operations Specialist III plays a critical role in ensuring the smooth operation of our loan servicing department. This position assists the Managing Director of Loan Operations, Loan Operations Lead, and Loan Processing Team in ensuring compliance with the Bank's loan policy and all regulatory requirements.

Key Responsibilities
  • Perform daily post-closing review of new and renewed loans and complete required checklist to document review.
  • Review reports for misapplied or unposted transactions and monitor internal accounts for incoming fees.
  • Perform pre-closing reviews to ensure all conditions and prerequisites to close per loan approval have been met as well as documentation in line for collateral perfection.
  • Secondary for monthly reporting for FHLB, SBA, and PCBB.
  • Build internal reports to identify potential missing/incorrect data pertaining to loan accounts.
  • Manage monthly exceptions report and add or remove exceptions, as necessary.
  • Review loan agreements and add covenants to tickler system.
  • Satisfy ticklers as financial and collateral documentation is received.
  • Review daily maintenance reports to perform checks maintenance was completed correctly and documents review and comments on report.
  • Periodically verify documents are being uploaded properly, accounts are being routinely balanced, and all ticklers are being added/satisfied.
  • Perform the responsibilities of a Loan Operations Specialist II and I as required and necessary.
  • Perform clerical duties including answering phones, assisting customers with questions and balance inquiries, or transferring to appropriate department/employee.
  • Files both physical and electronic loan documents as well as verifying that they have been filed correctly and clearly within the e-filing system.
  • Assists operations staff with daily responsibilities involving mailing notices, posting transactions, and facilitating officer or processor requests.
  • Monitors and reconciles general ledger accounts, internal loan accounts, floor plans, and holding accounts. Resolving discrepancies as necessary and tracking reconciliation reports.
  • Reviews daily reports for transactional or system errors and provides management with reports necessary for compliance.
  • Performs operational duties including mailing paid outs, filing mortgages and UCCs, tracking property and flood insurance, processing participation payments, and facilitating officer or processor requests.
  • Processes of mortgage escrow transactions and servicing of loan escrow accounts.
  • Issues payments for insurance and taxes.
  • Performs annual reviews.
  • Performance of all job duties and responsibilities by being physically present at the Bank an average of 40 hours each week based on business needs.
Why Blue Sky Bank

We offer a comprehensive benefits package, including competitive compensation, health benefits, retirement plans, and opportunities for continuous learning and development. Our diverse and inclusive culture values and respects every team member's contribution. We believe in fostering a healthy work-life balance to ensure our team members' well-being and productivity.



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