Loan Operations Specialist
4 weeks ago
Job Summary
MidWest One Bank is seeking a highly skilled Loan Operations Specialist to join our team. As a Loan Operations Specialist, you will be responsible for providing support and assistance with the administration of various loan-related software programs, reconciling internal accounts, and performing escrow-related functions.
Key Responsibilities
- Assist with the administration and accuracy of data input within loan-related software and websites.
- Input loan information and complete maintenance in the bank's core operating software.
- Perform checkbacks of loan data entry to ensure the integrity of entries and information stored in the bank's core operating system.
- Create timely reconciliations for several crucial general ledger and internal Demand Deposit Accounts (DDA).
- Process loan payments.
- Assist with the servicing of existing loan account relationships, including participations, secondary market loans, swap loan transactions, letters of credit, charged-off loans, and other real estate owned (OREO).
- Assist with performing escrow functions, including monitoring payment dates for insurance and taxes, updating tax and insurance amounts in the core operating system, producing and mailing loan-related customer checks, and reconciling related accounts.
- Handle incoming telephone calls and email requests from customers.
- Assist with miscellaneous filing and document imaging.
- Perform other duties as assigned.
Requirements
- Post-high school education preferred or equivalent combination of education and related work experience.
- At least 6 months to 1 year of experience in a loan operations-related role.
- Banking or financial experience is also preferred.
About Us
At MidWest One Bank, we value our employees and strive to create a culture of diversity, inclusion, and belonging. We are committed to providing a supportive and inclusive work environment that allows our employees to grow and develop their skills.
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