Loan Operations Specialist

4 weeks ago


Dubuque, Iowa, United States Midwest One Bank Full time

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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