Loan Servicing Specialist
7 days ago
The Loan Servicing Processor is a key member of our team at Bank of Utah, responsible for providing exceptional customer service and loan servicing for commercial loan customers, commercial construction loan customers, and SBA loan customers. As a Loan Servicing Processor, you will serve as a resource to all Loan Officers and Loan Assistants, processing and inputting all loan types to the DNA system. Your responsibilities will include completing Loan File Maintenance, servicing commercial construction draws and escrows, and processing loan payments. If you have a high school education, good communication skills, and the ability to work independently with minimal supervision, we encourage you to apply for this exciting opportunity.
Key Responsibilities:
- Process and verify all loan types to the DNA system.
- Complete Loan File Maintenance and Status Changes as requested on DNA.
- Set up commercial construction loans on Construct.
- Perform all duties of the draw process for Commercial Construction loans and escrow releases on the Construct system.
- Balance construction loans between DNA and Construct.
- Maintain escrow reports to keep track of all third-party escrow agreements.
- Provide customer service to commercial loan and construction loan customers.
- Process interest reserve payments on commercial construction and development loans.
- Process loan payments.
- Attend training courses to improve knowledge, skills, and abilities.
Requirements:
- High School Education
- Good communication skills
- Ability to work independently with minimal supervision
- Basic understanding of debits and credits
- Basic understanding of loan documentation
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