Loan Servicing Collections Specialist

3 days ago


Milwaukee, Wisconsin, United States WaterStone Bank Full time
Job Summary

WaterStone Bank is seeking a highly skilled Loan Servicing and Collections Assistant to provide exceptional support to our Loan Servicing Department. As a key member of our team, you will be responsible for maintaining accurate loan records, processing payments, and providing outstanding customer service.

Key Responsibilities
  • Maintain a thorough understanding of our Core Processing System, Products, and Services, as well as regulatory requirements.
  • Process payoffs, partial release payments, loan payments, and return loan payments in a timely and accurate manner.
  • Perform maintenance in our bank's core processing system, ensuring all loan records are up-to-date and accurate.
  • Review original loan files to ensure all required documents are present and stored properly.
  • Image and index loan documents into our document management system for secure storage.
  • Work assigned collection queues to maximize outbound call volume, contact rate, and document payment arrangements for past due loans.
  • Communicate effectively with borrowers, both verbally and in writing, to resolve issues and bring loans to a current status.
  • Maintain accurate accounts of all communication and correspondence with customers.
Requirements
  • 1-3 years of experience in a bank operations and/or lending operations capacity, with some collection experience.
  • Preferred: One year prior experience in collections.
  • Bi-lingual skills are a plus.
What We Offer

WaterStone Bank is an Equal Opportunity Employer and offers a competitive salary and benefits package.



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